New Era Energy & Digital Issues Statement Setting the Record Straight Regarding New Mexico Civil Complaint

Core Viewpoint - New Era Energy & Digital, Inc. asserts that the civil complaint filed by the New Mexico Attorney General is unfounded and intends to vigorously defend against the allegations [1]. Group 1: Company Response to Lawsuit - The company describes the New Mexico lawsuit as a baseless attack on its leadership and operations, emphasizing its commitment to defend its reputation in court [1]. - New Era has invested over $10 million in state taxes and local businesses in New Mexico since its inception, highlighting its role as a corporate citizen [2]. - The company plans to continue executing its business strategy and delivering value to stakeholders despite the lawsuit [3]. Group 2: Business Operations and Future Plans - New Era is focused on its digital infrastructure business, specifically the development of a 1+ gigawatt hyperscale data center in Ector County, Texas, and has entered into an agreement to acquire a 50% ownership interest in Texas Critical Data Centers LLC [5]. - The company states that the 87 wells mentioned in the lawsuit are immaterial to its current business model and were already in the process of being divested [5]. - New Era emphasizes that it has never been affiliated with the companies mentioned in the lawsuit, asserting that the allegations are based on inaccuracies [5].