New Era Energy & Digital raises $64M via private stock sale to fund Texas data center projects

New Era Energy & Digital announced a $64 million private placement of common stock, issuing over 23 million shares at $2.75 each. The funds will strengthen the company's financial position, support leasing negotiations for its Texas Critical Data Centers project, and repay recent borrowings. Phase 1 of the project has secured 207 MW of contracted power with delivery expected in Q3 2027. The capital raise aims to advance development and create long-term shareholder value amid a challenging market.

New Era Energy & Digital shares trade at USD 2.77 on Pluang as of Oct 29, 2026 18:52 WIB, down 16.82% in one day. The stock's market cap stands at $402.86 million with a volume of 5,290,830 shares. Despite the recent capital raise, investor sentiment shows a strong buy interest with 100% buy orders on Pluang.