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New Era Energy & Digital JV Enters into Definitive Purchase and Sale Agreement on Additional 203 Contiguous Acres, Expanding TCDC Campus to 438 Acres
Businesswire· 2025-11-24 19:00
Core Insights - New Era Energy & Digital, Inc. has entered into a definitive purchase and sale agreement to acquire an additional 203 contiguous acres, expanding the Texas Critical Data Centers (TCDC) campus to a total of 438 acres, aimed at enhancing its capabilities in AI and high-performance computing [1][2][3] Expansion and Scalability - The enlarged site near Odessa, Texas, is strategically located to meet the increasing demand for AI and GPU-intensive workloads, with ongoing commercial discussions with prospective tenants [2][3] - The site is positioned near high-capacity fiber routes and major natural gas transmission lines, which will improve project economics by reducing development timelines and facilitating efficient integration of energy and digital infrastructure [2][3] Technological Integration - TCDC is designed to incorporate advanced energy and cooling technologies, with options for carbon capture, utilization, and storage (CCUS), reflecting the company's commitment to environmentally responsible power solutions [3][4] - The development is expected to generate recurring revenue through long-term data center leases and power sales, allowing strategic participation from major AI customers [3][4] Future Development Plans - With the land expansion finalized, TCDC is moving forward with engineering, master planning, and civil development work to prepare for Phase 1 construction scheduled for 2026 [4] - This project marks a significant transition for the company towards a vertically integrated platform that combines land, power, and compute solutions for hyperscale AI operators [4][5] Leadership Vision - The CEO of New Era Energy & Digital emphasized that the expansion to 438 acres is a crucial step in realizing a future where energy and compute are integral to long-term value creation, positioning the company to meet the demands of the AI economy [5]
X @Lookonchain
Lookonchain· 2025-11-06 15:48
Whale 0x540C just withdrew 114.9M $USDT from Aave, pushing $USDT utilization on #Aave's core market to 92.83%, above the protocol’s optimal utilization threshold of 92%.https://t.co/FGWmTixtTG https://t.co/o4ruLYnxqC ...