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New Era Helium Expands Net-Zero Data Center JV Amid Stock Decline

  • AKAP
  • Dec 16, 2024
  • 1 min read

New Era Helium's shares have fallen ~60% since its Nasdaq debut on 10th December following a SPAC merger to US$3.4/sh on Friday (13th December 2024). Shares often fall immediately after a de-SPAC/merger because long-term shareholders, who have had funds tied up for an extended period, may sell to realise their gains or cut losses, increasing selling pressure. The company announced progress on its 50/50 joint venture with Sharon AI to develop a net-zero-energy data center in the Permian Basin. The proposed facility's capacity has been expanded to 250MW from 90MW after due diligence and client discussions.

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