Here are 1-3 brief analogies for New Era Energy & Digital (NUAI):

• Think of it as Tesla Energy for the grid, combined with Microsoft Azure for its digital brain.

• Like Amazon Web Services (AWS), but specialized in sustainable energy and critical digital infrastructure.

• The NextEra Energy of the digital age, focused on integrated sustainable energy and tech solutions.

• Metaverse Platform Solutions: Providing tools and infrastructure for brands to build, manage, and engage with digital experiences in the metaverse.
• NFT Creation & Distribution: End-to-end services for minting, managing, and distributing Non-Fungible Tokens (NFTs) for various digital assets.
• Web3 Strategy & Consulting: Offering expertise and guidance to businesses on integrating blockchain, NFTs, and metaverse strategies into their operations.

Major Customers of New Era Energy & Digital (NUAI)

New Era Energy & Digital (NUAI) primarily sells its services to other businesses (B2B). The company focuses on developing, owning, and operating mission-critical data centers and related energy assets.

While New Era Energy & Digital does not publicly disclose the specific names of its major customers in its SEC filings or other readily available public information, its business model indicates that it serves a range of corporate clients that require digital infrastructure solutions. Based on the industry and the services NUAI provides, its customers typically fall into the following categories:

• Enterprise Businesses: This broad category includes companies across various industries (e.g., finance, healthcare, manufacturing, retail) that require secure, reliable, and high-availability facilities to host their critical IT infrastructure, servers, and networking equipment. These businesses often use colocation services for their primary data operations, disaster recovery sites, or edge computing needs.
• Cloud and Managed Service Providers (MSPs): These are companies that offer their own cloud computing services (Infrastructure-as-a-Service, Platform-as-a-Service, Software-as-a-Service) or managed IT services to their own client base. They utilize NUAI's data center infrastructure to build out and expand their service offerings, benefiting from the robust power, cooling, and connectivity provided.
• Telecommunications and Network Service Providers: These businesses require strategically located data centers for network interconnection, housing their own network equipment (such as routers and switches), and expanding their global or regional footprint. This includes companies involved in internet backbone services, content delivery networks (CDNs), and various other telecommunication services.

E. Will Gray II, Chairman, CEO & Interim CFO

Michael Rugen, Head of Accounting

Charles Nelson, Executive Director

Trent Yang, Board Member

Peter ("P.J.") Lee, Board Member

The most significant risk to New Era Energy & Digital is its poor financial health and going concern uncertainty. The company has a history of significant losses, negative cash flows, and excessive debt, leading to a distressed Altman Z-Score, which suggests a possibility of bankruptcy within two years. NUAI is reportedly burning through cash at an alarming rate, and its reliance on equity purchase facilities and convertible notes, often with unfavorable terms, indicates struggles to secure traditional financing. The company itself has acknowledged a short operating history, making future profitability difficult to predict, and has raised doubts about its ability to continue as a going concern.

Secondly, the company faces substantial execution risk related to its transition to an AI data center strategy. New Era Energy & Digital is pivoting from its legacy helium and natural gas operations to become a developer of AI-optimized digital infrastructure. Concerns have been raised regarding the company's ability to execute this ambitious strategy, including allegations that it lacks the necessary permits, guaranteed financing, and data center engineering expertise. A short-seller report claims that the company's existing gas production capacity is insufficient to support its announced plans, and satellite imagery has reportedly shown undeveloped land where facilities were promised.

Finally, New Era Energy & Digital is at risk of Nasdaq non-compliance and potential delisting. The company has received multiple notices from Nasdaq regarding its failure to comply with listing requirements, specifically concerning the market value of its listed securities. This ongoing non-compliance could lead to the delisting of NUAI's stock, which would significantly impact its ability to raise capital and its visibility in the market.

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New Era Energy & Digital (NUAI) primarily focuses on the development and operation of next-generation digital infrastructure and integrated power assets, specifically AI-focused data centers. The company provides powered land, powered shells, and turnkey solutions for hyperscale, enterprise, and edge operators, leveraging natural gas reserves for power generation.

The addressable market for AI infrastructure is projected to be significant on a global scale. Companies worldwide are expected to spend $375 billion on AI infrastructure in 2025, with this figure rising to $500 billion in 2026. The AI infrastructure market is anticipated to exceed $200 billion by 2028.

New Era Energy & Digital (NUAI) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:

1. Development and Operation of AI Data Centers and Digital Infrastructure: The company has strategically rebranded to focus on next-generation digital infrastructure and integrated power assets. A significant driver will be the development of large-scale AI data center campuses, including a 7-gigawatt (GW) AI data center hub in Lea County, New Mexico. New Era Energy & Digital plans to offer powered shell buildings and powered land lease options to hyperscale, enterprise, and edge operators, providing turnkey solutions for data center deployment.
2. Growth of the Texas Critical Data Centers (TCDC) Joint Venture: Revenue growth is also anticipated from the Texas Critical Data Centers (TCDC) joint venture. A 250-megawatt (MW) AI data center project within this venture is expected to be online by the end of 2027. Phase 1 of this project has been completed, and Phase 2 is underway, with plans to scale up to over 1 GW, indicating substantial expansion in this segment.
3. Monetization of Helium, Oil, and Natural Gas Reserves: Despite a strategic shift towards digital infrastructure, New Era Energy & Digital continues to hold and operate a portfolio of approximately 137,000 acres in Southeast New Mexico for the exploration, development, and production of helium, oil, and natural gas. Revenue from its helium business is projected to commence by the end of 2025.
4. Expansion into New Energy Solutions, Including Nuclear Power: As part of its digital infrastructure strategy, New Era Energy & Digital is planning a 5+ GW nuclear installation, alongside more than 2 GW of natural gas generation, at its New Mexico AI data center site. This expansion into substantial and diverse energy solutions will power its digital infrastructure and represents a significant long-term revenue driver.
5. Offering Turnkey Solutions for Hyperscale, Enterprise, and Edge Operators: The company's vertically integrated model is designed to provide energy resilience, scalability, and cost-optimized deployment for hyperscale, enterprise, and edge operators. This comprehensive approach aims to accelerate data center deployment and optimize the total cost of ownership for its clients, attracting a broad customer base in the rapidly expanding AI and data center market.

Share Issuance

• New Era Energy & Digital issued and sold 17,266,344 shares for $13,813,206 under an equity purchase facility since June 30, 2025.
• The company converted $6,119,409 of senior secured convertible notes into 6,125,000 shares.
• On July 10, 2025, New Era Helium Inc. (now New Era Energy & Digital) amended its equity purchase facility to allow for the sale of up to $75 million in common stock, having already issued approximately $8.59 million from previous sales.

Outbound Investments

• New Era Energy & Digital entered into a land option purchase agreement for approximately 3,500 acres in Lea County, New Mexico, to develop a large-scale AI data center campus.
• The company formed a 50/50 joint venture, Texas Critical Data Centers (TCDC), with Sharon AI, for the funding, development, and construction of a 250MW, net-zero energy data center.

Capital Expenditures

• As of September 2025, capital expenditures were approximately $125,000.
• The company is developing a multi-gigawatt AI hub in New Mexico with plans for over 2 gigawatts (GW) of natural gas generation and a planned 5+ GW nuclear installation, with initial power delivery expected in 2028.
• Significant capital is being allocated to the Texas Critical Data Centers (TCDC) project, a 1 gigawatt AI and high-performance computing campus, which includes a secured 235-acre site and on-site natural gas-fired power generation with carbon capture capabilities.