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Investing.com -- New Era Energy & Digital, Inc. (NASDAQ:NUAI) stock surged 11.5% in premarket trading Wednesday after the company announced a significant fiber network development deal through its joint venture.
The company, formerly known as New Era Helium, revealed that Texas Critical Data Centers LLC (TCDC), its 50/50 joint venture with Sharon AI, has signed a Memorandum of Understanding with GlobeLink Holdings to develop a 1,600-mile fiber optic network across Texas. The planned network is expected to deliver one of the region’s largest digital backbones specifically designed for artificial intelligence, hyperscale, and cloud workloads.
According to the company, the new system will feature sub-5 millisecond latency and more than 30 terabits per second of capacity per fiber pair. GlobeLink’s infrastructure will span 2,400 miles of terrestrial and subsea fiber, connecting major cities including Mexico City, Corpus Christi, Odessa, San Antonio, Austin, and Dallas.
The agreement represents a significant milestone in New Era’s strategy to deploy full-scale digital infrastructure at its West Texas complex, which is expected to eventually exceed 1 GW capacity and host multiple tenants.
E. Will Gray II, CEO of New Era Energy & Digital, stated: "Teaming up with GlobeLink marks a pivotal step forward for Texas Critical Data Centers. Their advanced digital infrastructure solutions will empower us to support the explosive growth of AI and high-density computing while creating long-term value for our shareholders."
The MOU was facilitated by Global Connect Enterprises, which helped advance the development of the fiber project. This announcement follows previous agreements to construct power infrastructure and deliver digital zero-carbon power supply at the site.
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