New Era Energy & Digital, Inc.

New Era Energy & Digital, Inc. (NUAI) reported a net loss of $29.6 million for fiscal year 2025, a significant increase from a $13.8 million loss in 2024. Total revenues were minimal at $885K, derived solely from legacy oil, natural gas, and product sales, representing a 66.2% year-over-year increase. The company executed a strategic pivot in the second half of 2025, shifting focus from legacy natural gas operations to developing data center campuses, with its flagship Texas Critical Data Centers (TCDC) project targeting over 1 GW of potential compute capacity and projected power delivery beginning as early as the end of 2027. The company's financial condition raises substantial doubt about its ability to continue as a going concern, as its cash and cash equivalents of $1.2 million are insufficient to fund planned operations for the next twelve months without additional financing.

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