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.com 

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.com 

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.com 

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.com 

A power purchase agreement now in hand and helium worth more than two years ago make New Era Energy & Digital very convex here. x.com 

New Era Energy & Digital's new colocation deal does not change the bearish view: its economics are good, not great, and revenue is a year out. With 207MW of gross power, only about 150MW of IT load and $1.5B of capex, the deal implies roughly $75M a year of profit on a 10-year payback, beginning in the second half of 2027 at the earliest. x.com  x.com 

Owning Nebius's Independence campus could underpin years of US growth by letting it coordinate power, cooling and GPU upgrades. Its four-building plan targets up to 1.2 GW over five to seven years, but ownership puts construction and financing risk on Nebius; returns require power, equipment and customers to arrive together. Utility supply, the off-site Blue Valley project and a possible on-site generation option are distinct plans, not operating compute. Current active IT MW was not verified. … Show more

NUAI could become very valuable by delivering the power AI data centers increasingly struggle to secure. Its 493-acre TCDC campus near Odessa, Texas plans 207 MW, then 550 MW, and up to 1.4 GW long term. The first two phases use behind-the-meter generation without ERCOT interconnection, in a Permian Basin site with gas, fiber and water. Permits are advancing, and power delivery could start by end-2027. It still needs a credible anchor tenant to prove demand, making it a small, speculative bet. … Show more

Scarce power available for 2028 delivery and rising demand for that capacity favor Galaxy Digital, IREN and Cipher Mining. XCapitalMgmt highlights Galaxy management's report of delayed competing projects, stronger demand from hyperscalers and AI firms for 2028 capacity, and more selective financing. Galaxy has over 800 MW secured at Helios II but is still evaluating tenants and deal terms. x.com 

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.com