Scott R. Grossman
Founder of Vindico Capital, Consumer-Sector Investor
Texas power not already connected to the grid is hard to find, supporting New Era Energy & Digital's prospects for a tenant. At $3.30, its risk/reward looks very different; bears have leaned in and covering will be expensive. The funding plan matters: if Microsoft or a hardware provider helps fill the gap, dilution risk would go away and the path to phases II/III and New Mexico would look much clearer. It looks very asymmetric here and a terrible short. x.com x.com x.com x.com x.comÂ
New Era Energy & Digital is attractive under $400 million because it is a future multi-billion-dollar power developer. Its chart closely tracks IREN's April 2025 pattern, though technical analysis is not absolute. x.comÂ
New Era Energy & Digital is lining up power and permits for a 1.4GW AI campus, Texas Critical Data Centers, on 493 acres in Ector County. It signed a 20-year deal to buy up to 207MW from Vistra's Odessa gas plant, with power expected in Q3 2027, and Vistra gets a 5% non-voting stake in the part it powers. Construction permits are in hand, but the data center business is pre-revenue, making it the highest-risk name on the list. x.comÂ
New Era Energy & Digital's shifting data-center story is not credible. @AtlasShrug1 notes the partner keeps changing, from PDI to Stream and a hyperscaler to talk of Anthropic via Theseus, with no LOI. The Sharon AI JV, what NUAI paid and what it got, says everything about the company. The PPA gives Vistra 5% equity for the right to buy power, and new CEO Nelson has been involved with Gray and New Era Helium since 2024, so he is not exactly new. x.com x.com x.comÂ
New Era Energy & Digital is a high-conviction power-first infrastructure bet: its Texas Critical Data Center pairs ERCOT grid access with on-site gas generation to skip multi-year interconnection queues. The 438-acre Permian Basin campus targets 1 gigawatt. A $290M Macquarie financing funds the initial phases and retired costly SharonAI debt, while partners Stream Data Centers and Energy Dome cut execution risk. Next catalysts: building the first 200MW phase and signing an anchor tenant lease. … Show more
New Era Energy & Digital is one to watch because the chart looks primed and large holders do not seem scared, despite the lead-plaintiff deadline in a securities class action against the company. This is only the beginning. x.com x.comÂ
New Era Energy & Digital's roughly $450M market cap makes little sense against about $1M of revenue. x.comÂ
New Era Energy & Digital is an early-stage AI data-center infrastructure play built around its TCDC campus in Texas. It is the highest-risk holding in the portfolio and sized accordingly. x.comÂ
New Era Energy & Digital will have leverage because it has locked in power that data centers cannot be built without. It secured up to 207 MW for 20 years, expected in Q3 2027, when power will be extremely constrained. With the power agreement signed, the next step is securing a tenant and seeing how far the company can take it. x.com x.comÂ
Higher financing and build costs squeeze short-term returns for neoclouds. Iran-linked fuel inflation raises Fed hike risk; even better projects may borrow in the low 7s, while weaker ones risk dilution or delays. CoreWeave, IREN, Nebius, New Era Energy & Digital and WhiteFiber need higher contract dollars per MW to offset costs. Funded projects with strong customers and liquidity fare better, but almost none can fund the next phase without easier markets. No need to panic. x.com x.comÂ
Power is now the binding constraint on AI compute, making power suppliers like Vistra, Constellation, Talen and NextEra the clean AI infrastructure trade. About 20 earnings calls showed Vistra turning Meta's nuclear demand into contracted revenue, Exelon warning on PJM reliability and NRG sizing ERCOT's large-load pipeline at 36 GW. AI infrastructure is becoming investment-grade, with Hut 8 issuing the first single-sponsor IG construction bond for a data center. x.comÂ