New Era Energy & Digital Inc. (NASDAQ: NUAI) filed its quarterly report on Form 10-Q for the quarter ended March 31, 2026, according to a company statement. The Midland, Texas-based developer of digital infrastructure and power assets in the Permian Basin also announced it will host a business update call on May 18, 2026.

The company completed a $115 million registered offering of common stock and closed a credit facility with Macquarie for up to $290 million. Macquarie also invested an additional $5 million in equity at $5.00 per share. New Era reported a cash position exceeding $80 million as of April 30, 2026.

New Era entered into an agreement to acquire a 54-acre corridor adjacent to its Texas Critical Data Centers (TCDC) project, expanding its landholding to 492 acres. The company announced a non-binding letter of intent with Stream Data Centers to support TCDC development and financing.

Management changes include the appointments of Ted Warner as Chief Financial Officer and Andy Casazza as Chief Corporate Officer. The company repaid its SharonAI note and continues to work on definitive project documentation for TCDC.

The first quarter results primarily reflect the company's legacy oil and gas operations, which management continues to evaluate for potential monetization. New Era is developing TCDC as a 438-acre data center campus in Ector County, Texas, with anticipated capacity scaling to 1.4 gigawatt across multiple phases.

The company continues advancing site preparation activities including civil engineering, permitting, and equipment procurement for TCDC Phase 1. Project financing for TCDC is expected to target approximately 80% debt financing at the asset level.