New ERA Energy & Digital, Inc.

New ERA Energy & Digital, Inc. announced several key management changes, effective July 1, 2026. Charles Nelson, previously President and COO, has been appointed Chairman of the Board and Chief Executive Officer. Ted Warner was appointed President and Director, while continuing his role as Chief Financial Officer. Additionally, José Rodriguez was appointed Chief Operating Officer, bringing experience from Microsoft and ByteDance/TikTok.

New ERA Energy & Digital, Inc. announced the appointment of Darin Rovell as its Chief Accounting Officer, effective June 22, 2026. Mr. Rovell brings extensive experience from HF Sinclair Corporation and At Home Group Inc., and is a Certified Public Accountant. His compensation package includes an annual base salary of $350,000, a target annual bonus of up to 40% of his base salary, a $30,000 signing bonus, and a grant of 325,000 restricted stock units. The employment agreement also outlines severance provisions and restrictive covenants.

New Era Energy & Digital, Inc. announced the appointments of Evan Pierce as Chief Development Officer and Michael Johnson as General Counsel and Chief Compliance Officer, effective June 1, 2026. These strategic hires are intended to bolster the company's execution capabilities, leveraging their extensive experience in hyperscale data centers, power development, and legal affairs. The company aims to strengthen its leadership as it continues to advance its Texas Critical Data Centers project and broader development platform.

New Era Energy & Digital, Inc. announced its expected inclusion in the Russell 3000 Index and Russell Microcap Index, effective June 29, 2026. This inclusion is part of the 2026 Russell US Indexes annual reconstitution. Additionally, the company's management will participate in several upcoming investor and industry conferences throughout June, including the Datacloud Global Congress, Macquarie Group AI Infrastructure Conference, Maxim Group AI Data Center Virtual Summit, and Bank of America Commodity Research Conference.

New Era Energy & Digital, Inc. announced a pending settlement agreement to resolve all claims brought by the State of New Mexico against the company and certain related parties. Under the agreement, the company will pay $1.0 million to the United States Trustee, with the claims to be dismissed with prejudice upon approval by the United States Bankruptcy Court. The settlement, which does not constitute an admission of liability, allows the company to focus on its AI data center strategy, though CEO E. Will Gray II still faces individual claims not covered by this agreement.

New Era Energy & Digital, Inc. announced a pending agreement that would lead to the complete dismissal of the company from the State of New Mexico's lawsuit. The settlement, which is subject to Bankruptcy Court approval, involves a $1.0 million payment by the New Era defendants to the Trustee. The company expressly denies liability or wrongdoing. While the settlement dismisses five claims against the company, three claims against CEO E. Will Gray II in his individual capacity remain. New Era stated it remains focused on advancing its AI data center strategy.

New Era Energy & Digital, Inc. published its Q1 2026 investor presentation, outlining significant progress in its TCDC project and establishing a robust funding pathway. The company highlighted an improved capital structure, secured institutional partners, and detailed its phased expansion plans for the 1.4 GW TCDC campus. With over $80 million in cash, New Era is advancing towards commercialization, focusing on hyperscaler leases and definitive agreements for joint ventures.

New Era Energy & Digital announced the filing of its Q1 2026 Form 10-Q and will host a business update call on May 18, 2026. The company highlighted significant strategic progress, including acquiring 54 acres adjacent to its TCDC project and a non-binding Letter of Intent with Stream Data Centers. Financially, New Era completed a $115 million stock offering and secured an up to $290 million credit facility with Macquarie, while also repaying the SharonAI note. The company reported a cash position of over $80 million and continues to advance TCDC toward commercialization.

New ERA Energy & Digital, Inc. announced a strategic pivot from its legacy natural gas operations to focus on developing next-generation digital infrastructure and integrated power assets for AI hyperscalers, including the acquisition of Texas Critical Data Centers LLC (TCDC). For the first quarter of 2026, the company reported an increased net loss of $8.99 million, despite a rise in revenue to $802,353. Subsequent to the quarter-end, the company significantly strengthened its liquidity by securing a $290 million term loan facility and completing a public offering that raised approximately $107.4 million in net proceeds, addressing previous concerns about its ability to continue as a going concern.

New Era Energy & Digital, Inc. announced that its management will participate in two upcoming investor and industry conferences. The company's management will attend the B. Riley 26th Annual Institutional Investor Conference in May, and President and COO Charles Nelson is scheduled to speak at the Datacloud Global Congress in June. New Era is a developer and operator of next-generation digital infrastructure and integrated power assets in the Permian Basin.