New Era Energy & Digital, Inc. (NASDAQ:NUAI) ("New Era" or the "Company"), a developer and operator of next-generation digital infrastructure and integrated power assets in the Permian Basin, today announced that it has entered into a non-binding letter of intent ("LOI") to form a joint venture for the development and financing of its Texas Critical Data Centers campus ("TCDC") in West Texas.

The joint venture will bring New Era together with Stream Data Centers ("Stream"), a Tier-1 U.S. data center development and operating platform, with equity capital provided by a third-party sponsor and arranger of institutional capital (the "Institutional Investor") with significant experience in digital infrastructure and energy investments.

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