Data center profile · Lea County, New Mexico (exact site not located; surface rights near Caprock)

New Era Lea County AI Data Center Hub

A 7 GW power-and-data-center hub (company's figure, on-site generation) that exists only as a $200,000 option on 3,500 acres of ranchland in Lea County, New Mexico

Land option only. New Era Energy & Digital holds a two-year option to buy the surface rights, announced Nov. 6, 2025. No permit, utility, tenant, engineering or financing is on record for this site, and the company's Aug. 2026 quarterly report does not mention it.
7 GW
on-site generation the company announced
company says more than 2 GW of gas plus a planned 5+ GW of nuclear; not IT capacity, and nothing is permitted
3,500 acres
surface rights under option
mineral rights excluded; $70M purchase price
$200,000
paid so far for the option
the $70M price is unpaid; no closing reported
Nov. 5, 2027
option expires unless extended
two paid 12-month extensions (the first costs $100,000) can run it to Nov. 5, 2029
OperatorNew Era Energy & Digital, Inc. (Nasdaq: NUAI)
CustomerNone named; the company plans powered shells and land leases for future AI tenants
Planned IT capacity1.2 GW at full build-out (our estimate from on-site generation)
First building in serviceOur estimate: 2029 or later (no dated power path yet); company says 2028.
Next deadlineNov. 5, 2027: Land option expires unless exercised or extended for $100,000
Power

Power and the grid

None energized or contracted yet

On-site natural gasPlanned, no filings
2,000 MW
company says more than 2 GW; behind-the-meter concept; no air permit, gas contract or equipment order on record Company · Nov. 2025
On-site nuclearConcept only
5,000 MW
company says a planned 5+ GW installation; no reactor vendor, technology or federal licensing filing found Company · Nov. 2025
Proposed
Not used, not on record, or dropped

Getting on the grid

Who supplies what, what it costs, and what is still not public.

  1. Nov. 6, 2025
    Power plan announced
    The company announces more than 2 GW of gas and a planned 5+ GW nuclear installation, with initial power delivery expected in 2028. Company · Nov. 2025
  2. As of Oct. 2026
    No air permit found
    No air-permit application for on-site gas generation appears in state records. see Permits
  3. As of Oct. 2026
    No nuclear filing found
    No federal nuclear licensing filing, pre-application meeting or reactor vendor appears in any source. see Permits
  4. Not set
    Grid interconnection: none requested
    No interconnection request to the regional grid operator or utility filing was found, consistent with the behind-the-meter concept. Company · Oct. 2026
Permits

Permits checklist

1 granted · 5 checked, nothing on file

Risks

What could slow it down

Lawsuits

2 cases on record

Money

Money on record

$200,000
initial option fee, non-refundable
applied to the price if the option is exercised SEC filing · Nov. 2025
$70M
purchase price, unpaid
closing is 60 days after the option is exercised SEC filing · Nov. 2025
$69.8M
company cash at Jun. 30, 2026
plus $15M restricted for the Texas project; the company expects $25M to $30M of cash needs over twelve months SEC filing · June 2026

Not on record: project financing for this campus: the $290M Macquarie loan (Apr. 2026) is for the company's Texas project, not this site SEC filing · April 2026

Timeline

What happened, and what is due

SitePaper trailConstructionPowerPermitsMoneyLegalUpcoming
  1. Nov. 5, 2025
    Site New Era signs a two-year, $200,000 option with Pearce Land & Cattle for 3,500 acres SEC filing · Nov. 2025
  2. Nov. 6, 2025
    Site Option announced as a 7 GW hub, with engineering to start within 30 days; none has been reported since Company · Nov. 2025
  3. Dec. 12, 2025
    Legal Short-seller report says the company has filed no permit applications despite claiming progress News report · Dec. 2025
  4. Dec. 23, 2025
    Legal New Mexico attorney general sues the company and its then-CEO over a legacy oil-and-gas scheme; the company calls it baseless State agency · Dec. 2025
  5. March 12, 2026
    Money Annual report discloses substantial doubt about the company's ability to continue as a going concern at year-end 2025 SEC filing · Dec. 2025
  6. April 1, 2026
    Legal Shareholders file a federal securities class action against the sponsor SEC filing · April 2026
  7. April 8, 2026
    Money Macquarie term loan of up to $290M closes, for the Texas project only SEC filing · April 2026
  8. July 9, 2026
    Legal New Mexico case settled as to the company, with no admission of liability SEC filing · July 2026
  9. Aug. 14, 2026
    Money Quarterly report omits Lea County and lists the CEO who signed the option as former CEO SEC filing · Aug. 2026
  10. Nov. 5, 2027
    Site Initial option period ends; two paid 12-month extensions (the first costs $100,000) can push it to Nov. 5, 2029 SEC filing · Nov. 2025
Construction activity

Satellite captures by quarter

Since Oct. 2026: 2 satellite captures.

Satellite
’26
Dot size: records in the quarter, largest = 2. Two-digit years mark each first quarter.
The buildings

Specs

3,500 acres
surface estate only, in seven sections of Township 12 South, Range 32 East
SEC filing · Nov. 2025
2028
initial power delivery, as stated in Nov. 2025 with no update since
Company · Oct. 2026
Who is involved

Owners, partners and builders

Owners and developers
  • New Era Energy & Digital, Inc.: developer and option holder, Midland, Texas
  • Pearce Land & Cattle, LLC: land seller; Benjamin Pearce is managing member
  • E. Will Gray II: CEO who signed the option, now described as former CEO
Money
  • Macquarie Equipment Capital: lender on the Texas project, not this campus
Decision-makers
  • New Mexico Environment Department: air permits for on-site generation
  • U.S. Nuclear Regulatory Commission: would license any reactors
  • Lea County: land use
Other parties
  • First American Title Insurance Company, Hobbs: escrow and title for the option
  • New Mexico Attorney General: sued the company over legacy wells
Still unknown

Open questions

Where this comes from

136 records from 20 documents

Drawn from securities filings, news reports, company statements, state agency records, court filings and satellite captures, each kept with its date and source. The bar shows documents by type.

SEC filing 7News report 4Company 3State agency 3Court filing 3Satellite 0
Evidence

Every quote behind this page

Grade key: A = the primary record itself (permit, filing, exhibit) · B = a dated official statement · C = news reporting. Map distances are our own measurements on OpenStreetMap and carry no grade. Allegations in lawsuits are marked as such in the quotes.

Power (22)
  • E. Will Gray II - who signed the land option as Chairman and CEO in Nov 2025 - is described as the company's former Chief Executive Officer in the Q2 2026 10-Q; Charles Nelson was styled Chairman and CEO on the Aug 14, 2
    “filed a lawsuit against the Company and other parties, including our former Chief Executive Officer E. Will Gray II”
    SEC filing · Aug. 2026 · grade A
  • Role of the on-site plant: prime (behind-the-meter concept; no grid supply identified)
    “Behind-the-meter and co-located power solutions ... are rapidly advancing to bridge grid constraints and provide firm, flexible supply”
    SEC filing · March 2026 · grade A
  • Power plan: onsite (planned, unpermitted, unfiled)
    “featuring more than 2 gigawatts (GW) of natural gas generation and a planned 5+ GW nuclear installation”
    Company · Oct. 2026 · grade B
  • Current target date: no COD stated; initial power delivery still quoted as 2028 from the Nov 2025 release, with no schedule update since
    “Initial power delivery is expected in 2028”
    Company · Oct. 2026 · grade B
  • Developer: New Era Energy & Digital, Inc. (Nasdaq: NUAI)
    “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”
    Company · Nov. 2025 · grade B
  • On-site generation: 7,000 MW
    “featuring more than 2 gigawatts (GW) of natural gas generation and a planned 5+ GW nuclear installation”
    Company · Nov. 2025 · grade B
  • On-site generation: 2,000 MW
    “featuring more than 2 gigawatts (GW) of natural gas generation and a planned 5+ GW nuclear installation”
    Company · Nov. 2025 · grade B
  • On-site generation: 5,000 MW
    “featuring more than 2 gigawatts (GW) of natural gas generation and a planned 5+ GW nuclear installation”
    Company · Nov. 2025 · grade B
  • Stated campus size: 7,000 MW
    “for 7GW AI Data Center Hub; Marks first Wholly Owned Development, Separate from TCDC Joint Venture”
    Company · Nov. 2025 · grade B
  • On-site power technology: natural gas generation + nuclear (both planned only)
    “New Era has confirmed gas availability for its natural gas facilities and is in the final stages of technology selection for the nuclear component”
    Company · Nov. 2025 · grade B
  • Original target date: 2028
    “Initial power delivery is expected in 2028”
    Company · Nov. 2025 · grade B
  • On-site generation: 7,000 MW
    “featuring more than 2 gigawatts (GW) of natural gas generation and a planned 5+ GW nuclear installation”
    Company · Nov. 2025 · grade B
  • Interconnection status: none - announced only, no grid position exists: the campus rests on a Nov 6, 2025 land option over ~3,500 acres in Lea County; all power is planned on-site generation (2+ GW gas, 5+ GW nuclear) wi
    “featuring more than 2 gigawatts (GW) of natural gas generation and a planned 5+ GW nuclear installation”
    Company · Nov. 2025 · grade B
  • Land option announced with a 7 GW generation headline; engineering said to commence within 30 days; no engineering, permitting or site milestone for this campus has been reported in the ~11 months since
    “Engineering is expected to commence within the next 30 days to conduct a comprehensive site evaluation, master planning, and full site engineering”
    Company · Nov. 2025 · grade B
  • Utility: none identified - no serving utility named in any source; no utility agreement, tariff or interconnection filing located
    “The Lea County site was selected for its exceptional strategic advantages, including proximity to major gas transmission lines, existing power infrastructure”
    Company · Oct. 2026 · grade C
  • Grid operator: Southwest Power Pool (SPP) territory (Lea County, NM); no interconnection request located
    “proximity to major gas transmission lines, existing power infrastructure, abundant water supply, a skilled local workforce, and high-speed fiber connectivity”
    Company · Oct. 2026 · grade C
  • Interconnection status: none - no interconnection request, queue position or agreement located
    “Initial power delivery is expected in 2028”
    Company · Oct. 2026 · grade C
  • utility certificate / tariff / rate filing: no docket found
    “The Lea County site was selected for its exceptional strategic advantages, including proximity to major gas transmission lines, existing power infrastructure”
    Company · Oct. 2026 · grade C
  • generator interconnection: no filing found
    “Initial power delivery is expected in 2028”
    Company · Oct. 2026 · grade C
  • Opposition: Short-seller reports (Fuzzy Panda Research, Dec 2025; Hunterbrook Media, Dec 29, 2025) alleged no permit applications had been submitted for the company's data-center plans; no community opposition group spec
    “despite the Company telling investors it's made significant progress with its regulatory permitting, including the submission of air quality permits, no applications have even been submitted”
    News report · Dec. 2025 · grade C
  • Fuzzy Panda Research report alleged the company had submitted no permit applications (Texas, New Mexico and federal databases) despite claiming permitting progress; NUAI fell 6.9% on Dec 12, 2025
    “despite the Company telling investors it's made significant progress with its regulatory permitting, including the submission of air quality permits, no applications have even been submitted”
    News report · Dec. 2025 · grade C
  • Initial power delivery claimed: 2028
    “Initial power delivery is expected in 2028”
    Company · Nov. 2025 · grade C
Money and contracts (49)
  • Tenant status: none announced
    “Upon execution of binding term sheets or definitive agreements with data center users, these expected expenditures may increase materially”
    SEC filing · Aug. 2026 · grade A
  • The Q2 2026 Form 10-Q (most recent periodic report) contains no mention of Lea County, Pearce Land & Cattle or the land option; stated forward cash requirements are only approx. $25-30M over the next twelve months absent
    “The Company currently expects cash requirements of approximately $25 million to $30 million over the next twelve months”
    SEC filing · Aug. 2026 · grade A
  • Financing: Company cash and cash equivalents of $69,821,390 plus restricted cash of $15,000,000 at Jun 30, 2026; the $15M restricted cash is TCDC blocked-account collateral under the Macquarie facility, not available for
    “Cash and cash equivalents $ 69,821,390 ... Restricted cash 15,000,000 ... Total cash, cash equivalents, and restricted cash $ 84,821,390”
    SEC filing · June 2026 · grade A
  • Financing: No project financing for this campus. The only material facility is company-level and belongs to the Texas project: Macquarie senior secured term loan of up to $290M to Texas Critical Data Centers LLC (Apr 8,
    “The Term Loan Agreement provides for a senior secured term loan credit facility of up to $290,000,000”
    SEC filing · April 2026 · grade A
  • senior secured term loan facility: scope Up to $290,000,000 facility for the TCDC flagship project in Ector County, Texas - NOT this campus
    “On April 8, 2026, Texas Critical Data Centers LLC, a Delaware limited liability company (the Borrower), a subsidiary of New Era Energy & Digital, Inc. ... entered into a Term Loan Agreement with Macquarie Equipment Capital Inc.”
    SEC filing · April 2026 · grade A
  • senior secured term loan facility: tranches / conditions precedent A-1 $20,000,000 committed (funded Apr 13, 2026); A-2 $30,000,000; A-3 $40,000,000; Delayed Draw $200,000,000. A-2, A-3 and Delayed Draw are available SOL
    “The Loans under each of the Term Loan A-2, the Term Loan A-3, and the Delayed Draw Term Loan are available to the Company solely at the discretion of the Lender”
    SEC filing · April 2026 · grade A
  • senior secured term loan facility: pricing / maturity Term SOFR + 5.50% per annum (A-1, A-2); Term SOFR + 7.75% per annum (A-3, Delayed Draw); all Loans mature Apr 8, 2029 rate
    “The Loans mature on April 8, 2029. Each Loan bears interest at a rate per annum equal to Term SOFR plus the Applicable Rate, which is 5.50% per annum for Term Loan A-1”
    SEC filing · April 2026 · grade A
  • senior secured term loan facility: prepayment premium (MOIC) A multiple-on-invested-capital premium, fully earned at execution, is payable on ANY repayment, prepayment or acceleration including an Event of Default: First
    “The MOIC premium is fully earned upon execution of the Term Loan Agreement and is due and payable upon any repayment, prepayment, or acceleration of the Loans, including in connection with an Event of Default”
    SEC filing · April 2026 · grade A
  • senior secured term loan facility: collateral First-priority perfected security interest in substantially all assets of the Borrower (TCDC LLC) terms
    “The Borrower's obligations under the Term Loan Agreement will be secured by a first priority perfected security interest in substantially all assets of the Borrower”
    SEC filing · April 2026 · grade A
  • senior secured term loan facility: conditions / lender election (milestones) Company had to close an underwritten equity offering with net proceeds of at least $30M within 60 days of closing (satisfied Apr 10, 2026). If
    “If, within six months after the Closing Date, the Data Center Lease has not been executed or the aggregate principal amount of all Loans drawn under the Term Loan Agreement is less than $50 million, then the Lender may elect”
    SEC filing · April 2026 · grade A
  • senior secured term loan facility: equity kicker (warrants / subscription) Warrants for up to 1,164,144 shares at 120% of the 5-day VWAP (floor $4.30), exercisable through Apr 8, 2031; plus a subscription for 1,000,520 s
    “the Lender will be entitled to purchase up to 1,164,144 shares of Common Stock, at an exercise price equal to the product of (i) 120% multiplied by (ii) the five-day volume weighted average price”
    SEC filing · April 2026 · grade A
  • Macquarie $290M TCDC term loan closed (Texas project only) and the Apr 10, 2026 underwritten equity offering netted approx. $93.4M plus a $14.1M greenshoe - 2026 capital formation was concentrated entirely on the Texas f
    “Establishes a multi-tranche senior secured term loan credit facility of up to $290 million to finance the development and construction of its flagship Texas Critical Data Center Project”
    SEC filing · April 2026 · grade A
  • Financing: Company cash and cash equivalents of $1,202,728 at Dec 31, 2025; FY2025 10-K discloses substantial doubt about the company's ability to continue as a going concern USD
    “there is substantial doubt about our ability to continue as a going concern, because without additional sources of funding, our cash and cash equivalents at December 31, 2025”
    SEC filing · Dec. 2025 · grade A
  • Land control date: Nov. 5, 2025
    “THIS LAND OPTION PURCHASE AGREEMENT (the Agreement) is made, dated and effective as of November 5, 2025 (the Effective Date)”
    SEC filing · Nov. 2025 · grade A
  • Land price: 70000000 USD
    “The purchase price for the Property shall be SEVENTY MILLION AND 00/100 DOLLARS ($70,000,000.00) (the Purchase Price)”
    SEC filing · Nov. 2025 · grade A
  • Land option fee: 200000
    “IN CONSIDERATION of the sum of TWO HUNDRED THOUSAND AND 00/100 DOLLARS ($200,000.00) (the Initial Option Fee)”
    SEC filing · Nov. 2025 · grade A
  • Land option purchase price: 70000000
    “The purchase price for the Property shall be SEVENTY MILLION AND 00/100 DOLLARS ($70,000,000.00)”
    SEC filing · Nov. 2025 · grade A
  • land option purchase agreement: scope Exclusive option to purchase the SURFACE ESTATE ONLY of approx. 3,500 acres in Lea County, NM (T12S R32E, Secs 3,4,5,8,9,10,16); mineral estate excluded terms
    “the exclusive right and option of purchasing the surface estate of that certain real property located in Lea County (the County), State of New Mexico”
    SEC filing · Nov. 2025 · grade A
  • land option purchase agreement: option fee (initial) 200000 USD
    “IN CONSIDERATION of the sum of TWO HUNDRED THOUSAND AND 00/100 DOLLARS ($200,000.00) (the Initial Option Fee)”
    SEC filing · Nov. 2025 · grade A
  • land option purchase agreement: option period (initial) Initial Option Period: Nov 5, 2025 to Nov 5, 2027 (two years after the Effective Date) term
    “for the period (the Initial Option Period ...) beginning on the Effective Date and ending two (2) years after the Effective Date (the Expiration Date)”
    SEC filing · Nov. 2025 · grade A
  • land option purchase agreement: extension (second option period) Purchaser may extend 12 months at its sole discretion by paying a Second Option Fee; new Expiration Date Nov 5, 2028 USD 100000
    “Purchaser may extend the Initial Option Period by an additional twelve (12) month period (the Second Option Period) by paying a Second Option Fee of ONE HUNDRED THOUSAND AND 00/100 DOLLARS ($100,000.00)”
    SEC filing · Nov. 2025 · grade A
  • land option purchase agreement: extension (third option period) Purchaser may extend a further 12 months at its sole discretion by paying a Third Option Fee; final Expiration Date Nov 5, 2029 USD 100000
    “the Expiration Date and the Initial Option Period shall be deemed extended to the date being four (4) years after the Effective Date (the Third Period Option Expiration Date)”
    SEC filing · Nov. 2025 · grade A
  • land option purchase agreement: option fees - refundability / earnest money Option Fees are non-refundable except as explicitly stated in the Agreement, and are applied as earnest money toward the Purchase Price terms
    “The Option Fees shall not be refundable, except as explicitly set forth herein. The Option Fees shall be applied as earnest money towards the Purchase Price”
    SEC filing · Nov. 2025 · grade A
  • land option purchase agreement: purchase price 70000000 USD
    “The purchase price for the Property shall be SEVENTY MILLION AND 00/100 DOLLARS ($70,000,000.00) (the Purchase Price)”
    SEC filing · Nov. 2025 · grade A
  • land option purchase agreement: exercise Written notice of exercise (Exhibit C form) on or before the Expiration Date; Purchaser may exercise for all or any portion of the Property (one or more lots, tracts or parcels) t
    “Purchaser must deliver to Seller its written notice of exercise ... which may be comprised of all or any part of one or more lots, tracts, or parcels of the Property”
    SEC filing · Nov. 2025 · grade A
  • land option purchase agreement: closing Closing 60 days after the Exercise Date; First American Title Insurance Company of Hobbs, NM acts as escrowee; Seller delivers a special warranty deed terms
    “The Closing will take place sixty (60) days following the Exercise Date ... Both Parties will submit their respective Closing documents and funds to the Title Company as escrowee”
    SEC filing · Nov. 2025 · grade A
  • land option purchase agreement: condition - as-is Property sold AS IS, WHERE IS if closing occurs, except the special warranty deed title warranty and Seller's Section 4 representations (which survive closing for 6 month
    “IF CLOSING OCCURS SELLER IS SELLING THE PROPERTY AS IS, WHERE IS AND WITH ALL FAULTS AS OF THE CLOSING”
    SEC filing · Nov. 2025 · grade A
  • land option purchase agreement: termination - title objections If Seller does not elect to cure, or fails to cure, a Title Objection it undertook to cure, Purchaser's sole remedy is to terminate before expiry of the then
    “as its sole remedy, Purchaser may terminate this Agreement prior to the expiration of the Initial Option Period and receive a refund of the Initial Option Fee paid”
    SEC filing · Nov. 2025 · grade A
  • land option purchase agreement: termination - condemnation If all or part of the Property is taken by eminent domain before Closing, Purchaser may terminate at any time by written notice and receive a refund of all Optio
    “Purchaser, at its sole election, has the right to (i) terminate this Agreement at any time by giving written notice of such termination to Seller, and Purchaser shall be entitled to a refund of any Option Fees”
    SEC filing · Nov. 2025 · grade A
  • land option purchase agreement: termination / remedies - seller default On Seller default Purchaser may enforce specific performance (action commenced within 1 year), cancel and terminate, or pursue rights in law and equ
    “Purchaser shall be entitled to the return of any Option Fee paid to Seller in addition to its remedies at law and in equity”
    SEC filing · Nov. 2025 · grade A
  • land option purchase agreement: default - purchaser (liquidated damages) If Purchaser defaults, including failure to timely pay any Option Fees, Seller retains all Option Fees paid as liquidated damages - Seller's sole a
    “Seller shall be entitled to retain all Option Fees paid as liquidated damages as its sole and exclusive remedy and then cancel and terminate this Agreement”
    SEC filing · Nov. 2025 · grade A
  • land option purchase agreement: assignment Purchaser may assign only to an entity that controls, is controlled by, or is under common control with Purchaser; assignment does not release Purchaser; any other assignment is
    “Purchaser may only assign its rights under this Agreement to any person or entity that controls, is controlled by, or under common control with Purchaser”
    SEC filing · Nov. 2025 · grade A
  • land option purchase agreement: due diligence / site access Purchaser may enter the Property for studies and investigations, including drilling and environmental testing; survey and ALTA title commitment (First American
    “Purchaser and any person or persons selected by Purchaser may, upon notice to Seller, enter onto the Property for the purpose of conducting any studies and investigations of the Property”
    SEC filing · Nov. 2025 · grade A
  • land option purchase agreement: memorandum / recordation A Memorandum of Land Option Purchase Agreement may be recorded; if the option is not exercised or expires, Purchaser must provide a recordable Notice of Terminatio
    “Purchaser shall provide to Seller a Notice of Termination of Land Option Purchase Agreement, in recordable form, within fifteen (15) days of such termination”
    SEC filing · Nov. 2025 · grade A
  • land option purchase agreement: confidentiality Neither party may disclose the Agreement or issue any press release or publicity about the transaction without the other party's prior written consent (legal compulsion exc
    “there shall be no press release or other publicity regarding this transaction without the prior written consent of both Parties”
    SEC filing · Nov. 2025 · grade A
  • land option purchase agreement: governing law / venue New Mexico law governs; venue for any litigation lies solely with the District Court of Lea County, New Mexico; time is of the essence terms
    “This Agreement is made and executed under and in all respects is governed and construed under the laws of the State of New Mexico ... venue shall lie solely with the District Court of Lea County”
    SEC filing · Nov. 2025 · grade A
  • Stage: announced only - land option; paper project
    “The Company currently expects cash requirements of approximately $25 million to $30 million over the next twelve months”
    SEC filing · Oct. 2026 · grade B
  • Paper or real: Option-only project: $200,000 paid for a 2-year option on surface rights; the $70M purchase price is unpaid; no permit, interconnection, tenant, OEM selection or project financing exists; the campus is not
    “no mention of Lea County or Pearce Land & Cattle anywhere in the Form 10-Q for the quarterly period ended June 30, 2026 (full-text search)”
    SEC filing · Oct. 2026 · grade B
  • Name: New Era Lea County AI Data Center Hub
    “land option purchase agreement for approximately 3,500 acres in Lea County, New Mexico for the development of a large-scale AI data center campus”
    Company · Nov. 2025 · grade B
  • Aliases: 7GW AI Data Center Hub; New Era Energy New Mexico campus
    “Enters into Land Option Purchase Agreement for 3,500 Acres in New Mexico for 7GW AI Data Center Hub”
    Company · Nov. 2025 · grade B
  • Acres: 3500 acres
    “a land option purchase agreement for approximately 3,500 acres in Lea County, New Mexico”
    Company · Nov. 2025 · grade B
  • Announced: Nov. 6, 2025
    “MIDLAND, Texas-November 6, 2025. New Era Energy & Digital, Inc. (Nasdaq: NUAI) ... today announced it has entered into a land option purchase agreement”
    Company · Nov. 2025 · grade B
  • Tenants: none - no tenant announced; company plans to offer powered shell buildings and powered land leases to unnamed future AI tenants
    “New Era plans to offer powered shell buildings and powered land lease options for AI-focused enterprises through its vertically integrated model”
    Company · Nov. 2025 · grade B
  • Incentives: none located - no state or county incentive agreement found; company said only that it is working closely with the State of New Mexico
    “New Era is working closely with the State of New Mexico to align the project with state economic and environmental priorities”
    Company · Nov. 2025 · grade B
  • Site acres under option: 3500 acres
    “entered into a land option purchase agreement for approximately 3,500 acres in Lea County, New Mexico for the development of a large-scale AI data center campus”
    Company · Nov. 2025 · grade B
  • Stated capital cost: none ever stated for this campus
    “for the development of a large-scale AI data center campus”
    Company · Oct. 2026 · grade C
  • Time to service (months): not estimable - no permit, financing, tenant or OEM exists; the next hard contractual milestone is option expiry on Nov 5, 2027 (extendable to Nov 5, 2029 for $100,000 per year)
    “ending two (2) years after the Effective Date (the Expiration Date)”
    SEC filing · Oct. 2026 · grade C
  • Trade press repeats an 8.4 GW company pipeline (the 7 GW New Mexico option plus TCDC) and describes Nov 5, 2027 as a hard deadline to exercise the option or lose the site - omitting the agreement's two paid extension rig
    “That option contract carries a hard deadline, and New Era Energy & Digital must exercise it by November 5, 2027, or lose possession of the site entirely”
    News report · Sept. 2026 · grade C
  • Hunterbrook Media reported the New Mexico Attorney General filing against the company, Solis Partners and Gray; NUAI fell about 41% to $2.69 on Dec 29, 2025
    “On December 29, 2025, Hunterbrook Media reported that the New Mexico Attorney General filed a lawsuit against New Era Energy, its subsidiary Solis Partners, LLC, and Gray”
    News report · Dec. 2025 · grade C
Permits and government (5)
  • Construction stage: none - land option only; no construction, permit application or closing reported
    “the option to acquire approximately 3,500 acres in Lea County, New Mexico, for the development of a large scale AI data center campus”
    SEC filing · Oct. 2026 · grade B
  • Permitting jurisdiction: Unincorporated Lea County ranch land (surface estate). No county rezoning or site-plan approval located or identified as required at this stage; on-site generation would need NMED Air Quality Bur
    “venue shall lie solely with the District Court of Lea County, New Mexico”
    SEC filing · Oct. 2026 · grade C
  • air permit: no application found
    “according to Texas, New Mexico and Federal government databases for the construction and environmental permits that NUAI will need ... the Company had not submitted any of its required permits”
    News report · Oct. 2026 · grade C
  • nuclear license / early site permit / combined license: no filing found
    “New Era has confirmed gas availability for its natural gas facilities and is in the final stages of technology selection for the nuclear component”
    Company · Oct. 2026 · grade C
  • county land use / site plan / deed record: no action found
    “Google data center proposed in Lea County ... The Lea County Board of County Commissioners Chair told Source NM that he also did not have details regarding the proposed project”
    News report · Oct. 2026 · grade C
Legal (9)
  • Lawsuits: State of New Mexico v. New Era Energy & Digital, Inc. et al. (Torrez ex rel. State of New Mexico v. Acacia Operating Co.), filed Dec 23, 2025, First Judicial District Court, Santa Fe County - sponsor-level lega
    “The Company reached a settlement with the State of New Mexico and the Acacia Operating Company, LLC bankruptcy trustee that resolved all claims brought against the Company”
    SEC filing · July 2026 · grade A
  • New Mexico Litigation settled as to the company (with the State of New Mexico and the Acacia Operating bankruptcy trustee); approved by the U.S. Bankruptcy Court for the Western District of Texas on Jul 9, 2026; no admis
    “That settlement was formally approved on July 9, 2026 in the U.S. Bankruptcy Court for the Western District of Texas”
    SEC filing · July 2026 · grade A
  • Lawsuits: Annonio v. New Era Energy & Digital, Inc., et al., Case No. 7:26-cv-00120 (W.D. Tex.) - federal securities class action filed Apr 1, 2026 (Sections 10(b)/20(a)); lead plaintiff appointed Jun 17, 2026
    “a federal securities class action lawsuit was filed in the U.S. District Court for the Western District of Texas against the Company and certain members of its management, styled Annonio v. New Era Energy & Digital, Inc.”
    SEC filing · April 2026 · grade A
  • Federal securities class action filed: Annonio v. New Era Energy & Digital, Inc., et al., Case No. 7:26-cv-00120 (W.D. Tex.), Sections 10(b)/20(a); class period Nov 6, 2024 - Dec 29, 2025; lead plaintiff appointed Jun 17
    “styled Annonio v. New Era Energy & Digital, Inc., et al., Case No. 7:26-cv-00120”
    SEC filing · April 2026 · grade A
  • Securities class action filed against the sponsor in W.D. Tex. (Annonio v. New Era Energy & Digital, 7:26-cv-00120) covering the period in which the Lea County 7 GW hub was promoted
    “purchased New Era Energy securities during the Class Period, and suffered damages as a result of the federal securities law violations”
    Court filing · April 2026 · grade A
  • State of New Mexico (AG Torrez and the Oil Conservation Division) sued the company, CEO E. Will Gray II and 15 companies (Torrez ex rel. State of New Mexico v. Acacia Operating Co.), alleging a fraudulent oil-and-gas sch
    “fraudulently scheming to pocket revenues from hundreds of oil and gas wells in New Mexico using a variety of shell corporations”
    State agency · Dec. 2025 · grade A
  • Land option expiration: Nov. 5, 2027
    “beginning on the Effective Date and ending two (2) years after the Effective Date (the Expiration Date) [2025-11-05 + 2 years = 2027-11-05]”
    SEC filing · Nov. 2025 · grade A
  • Securities class action Annonio v. New Era Energy & Digital (W.D. Tex. 7:26-cv-00120) concerns the sponsor's Texas Critical Data Center in Ector County TX, not the Lea County campus
    “flagship venture for this pivot is the Texas Critical Data Center, a reported large-scale AI and high-performance computing data center campus located in Ector County, outside Odessa, Texas”
    Court filing · April 2026 · grade B
  • Company called the New Mexico lawsuit baseless, said the 87 wells referenced are immaterial and were already being divested, denied any affiliation with Acacia, and cited the Lea County land option as evidence of its New
    “In particular, the 87 wells referenced in the Lawsuit are immaterial to our current business”
    Company · Dec. 2025 · grade B
Site and other (8)
  • Developer: New Era Energy & Digital, Inc., a Nevada corporation; SEC Commission File No. 001-42433; CIK 0002028336
    “NEW ERA ENERGY & DIGITAL, INC. ... Commission file number 001-42433 ... Nevada 99-3749880”
    SEC filing · March 2026 · grade A
  • Acres: 3500 acres
    “the option to acquire approximately 3,500 acres in Lea County, New Mexico, for the development of a large scale AI data center campus”
    SEC filing · March 2026 · grade A
  • Optioned acreage: 3500
    “the option to acquire approximately 3,500 acres in Lea County, New Mexico, for the development of a large scale AI data center campus”
    SEC filing · March 2026 · grade A
  • Parcel IDs: Township 12 South, Range 32 East, N.M.P.M.: Sec 3 (Lots 3-4, S/2 NW/4 & SW/4), Sec 4 (all), Sec 5 (Lots 1-2, S/2 NE/4 & SE/4), Sec 8 (E/2), Sec 9 (all), Sec 10 (all), Sec 16 (all)
    “TOWNSHIP 12 SOUTH. RANGE 32 EAST, N.M.P.M., in the County of Lea and State of New Mexico: SURFACE ESTATE ONLY”
    SEC filing · Nov. 2025 · grade A
  • Land option seller: Pearce Land & Cattle, LLC
    “the exclusive right and option of purchasing the surface estate of that certain real property located in Lea County”
    SEC filing · Nov. 2025 · grade A
  • Water use stated: Company claims an abundant water supply at the site; no volume, source, or water-rights filing stated
    “abundant water supply, a skilled local workforce, and high-speed fiber connectivity”
    Company · Nov. 2025 · grade B
  • County code: 35025
    “that certain real property located in Lea County (the County), State of New Mexico”
    SEC filing · Nov. 2025 · grade B
  • Lea County Commission data-center activity and resident opposition organizing in fall 2026 concern a SEPARATE Google exploration (site about five miles west of Hobbs, commission vote expected Nov 2026) - not this campus;
    “Google announced earlier this week that it is exploring the potential of a possible data center in Lea County in Southeast New Mexico”
    News report · Sept. 2026 · grade C