New Era Energy & Digital rises on power purchase deal with Vistra

By Reuters News

** Shares of AI infrastructure developer New Era Energy & Digital NUAI.O rise nearly 21.5% to $7.11 premarket

** NUAI says its unit signed power purchase deal with Vistra VST.N affiliate Luminant; VST gains 1.5%

** Luminant will supply a minimum of 200 MW and up to 207 MW of power for Phase 1 of New Era's Texas Critical Data Center(TCDC) project in Texas

** The power purchase agreement has an initial 20-year term with automatic one-year renewal periods thereafter

** The contracted power is expected to be available to TCDC in Q3 2027

** Up until last close, stock up 100% YTD

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