Latest news with #HPC
Business Wire
4 hours ago
- Business
- Business Wire
New Era Helium Rebrands as New Era Energy & Digital, Inc. to Reflect Strategic Focus on Powering Next-Generation AI Data Center Infrastructure; Trading to Begin Under New Nasdaq Ticker NUAI
MIDLAND, Texas--(BUSINESS WIRE)--New Era Helium, Inc. (Nasdaq: NEHC) ('NEHC' or the 'Company'), a next-generation energy exploration and production platform in the Permian Basin, today announced it has changed its corporate name to New Era Energy & Digital, Inc., and will begin trading under its new Nasdaq symbol NUAI, effective August 13, 2025. This rebrand reflects the Company's recent strategic transformation into a vertically integrated energy supplier, creating a platform for next-generation digital infrastructure and integrated power assets, including powered land and powered shells. The Company delivers turnkey solutions that will enable hyperscale, enterprise, and edge operators to accelerate data center deployment, optimize total cost of ownership and future-proof their infrastructure investments. New Era Energy & Digital, Inc. (Nasdaq: NUAI), projects generational AI infrastructure demand will grow exponentially over the next decade, driven by rising capacity and significant increases in sector investment. The Company remains under the same leadership team and continues to execute the strategy it introduced with its Texas Critical Data Centers ('TCDC') project focused on integrating behind-the-meter power (off-grid) and real estate ('Powered Land'), and digital infrastructure tailored for the rapidly expanding AI compute market. Texas Critical Data Centers, currently under development in Ector County, Texas is a scalable, up to 1 gigawatt (GW) AI and high-performance computing (HPC) campus designed to meet accelerating demand for compute capacity and clean energy. Located in one of North America's leading AI corridors, TCDC will deliver liquid-cooled, high-efficiency compute infrastructure with speed, resilience, and sustainability. In line with its strategic focus on power and compute infrastructure, the Company is in discussions with various parties on how best to maximize its natural gas and helium assets. The Company remains committed to the global AI ecosystem, where helium continues to play a crucial role in semiconductor manufacturing and the future growth of AI. The Company will seek to maximize shareholder value of its natural gas and helium assets while pivoting to AI infrastructure development efforts. Updates will be provided as developments occur. An updated website featuring new branding and messaging, along with a revised investor presentation, will be available shortly. E. Will Gray II, CEO of New Era Helium, Inc. commented: 'This name change marks the next chapter. It's a clear signal of who we are and where we're headed. We are the bridge between Silicon Valley and Houston, connecting the compute demands of tomorrow with the energy systems of today, for a shared digital future. With a growing base of vertically integrated assets, from powered land to powered shells, we bring deep infrastructure and energy expertise to help hyperscale, enterprise, and edge operators deploy future-ready HPC campuses faster. Our new name: New Era Energy & Digital, perfectly captures the full breadth of our expanded strategic vision: delivering the physical foundation that powers American innovation.' About New Era Helium, Inc. New Era Helium, Inc. (Nasdaq: NEHC) which will rebrand as New Era Energy & Digital, Inc. (Nasdaq: NUAI) effective August 13, 2025, is a next-generation platform delivering integrated solutions across energy, power, and digital infrastructure. The Company controls over 137,000 acres in Southeastern New Mexico with helium and natural gas reserves. Through its joint venture, Texas Critical Data Centers (TCDC, New Era is advancing a scalable, up to 1GW AI and high-performance computing (HPC) campus to meet surging demand for compute capacity and energy-efficient infrastructure. For more information, visit and follow on LinkedIn and X. Cautionary Note Regarding Forward-Looking Statements This press release contains 'forward-looking statements.' Forward-looking statements reflect the current view about future events. When used in this press release, the words 'anticipate,' 'believe,' 'estimate,' 'expect,' 'future,' 'intend,' 'plan' or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking statements. Such statements include, but are not limited to, statements contained in this press release relating to our business strategy, our future operating results and liquidity and capital resources outlook. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward–looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation: (a) our ability to effectively operate our business segments; (b) our ability to manage our research, development, expansion, growth and operating expenses; (c) our ability to evaluate and measure our business, prospects and performance metrics; (d) our ability to compete, directly and indirectly, and succeed in a highly competitive and evolving industry; (e) our ability to respond and adapt to changes in technology and customer behavior; (f) our ability to protect our intellectual property and to develop, maintain and enhance a strong brand; and (g) other factors (including the risks contained in the 'Risk Factors' section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2024. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.
Yahoo
11 hours ago
- Business
- Yahoo
Why Rumble Stock Surged Today
Key Points Rumble stock surged today as investors focused in on a potential growth bet the company is aiming to make. The company wants to acquire high-performance-computing (HPC) specialist Northern Data in an all-stock deal. A buyout deal could be forthcoming, but there are still some big questions about Rumble's core streaming business. 10 stocks we like better than Rumble › Rumble (NASDAQ: RUM) stock posted gains in Monday's trading. The streaming and crypto player's share price closed out the day's trading up 3.3%, but had been up as much as 19.3% earlier in the session. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) both dipped 0.3% on the day's trading. Rumble stock rocketed out of the gates at the start of today's trading in response to speculative bets relating to some moves that the company is aiming to make in the artificial intelligence (AI) space. The gains faded as the day's trading progressed, but the stock still ended the session solidly in the green. Rumble stock rises on potential AI expansion play Along with the second-quarter report that it published on Aug. 10, Rumble announced that it is interested in acquiring AI company Northern Data. The high-performance-computing (HPC) specialist has yet to signal that it's open to being acquired, and no valuation level has been set on Rumble's all-stock offer to acquire the company. Despite the shortage of information related to the potential buyout, investors showed signs of approval in today's trading and bid the streaming stock up to levels significantly exceeding yesterday's close. What's next for Rumble? While plays in the AI and cryptocurrency spaces could help boost valuation momentum, Rumble's recent quarterly results continue to raise questions about the company's outlook. The business posted a loss of $0.12 per share on sales of $25.08 million in the second quarter. For comparison, the average analyst estimate had called for a loss of $0.07 per share on sales of roughly $26.8 million. Rumble closed out the quarter with an average of 51 million monthly active users (MAUs), down from 59 million MAUs in this year's first quarter and 53 million MAUs in Q2 2024. On the other hand, average revenue per user was actually up 24% year over year to $0.42. On balance, Rumble streaming engagement and monetization still looks somewhat shaky -- and that puts added pressure on other growth initiatives. Do the experts think Rumble is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did Rumble make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,060% vs. just 182% for the S&P — that is beating the market by 877.59%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,427!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,119,863!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 11, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Rumble Stock Surged Today was originally published by The Motley Fool
New Indian Express
3 days ago
- Politics
- New Indian Express
Ladakh goes on three-day hunger strike demanding statehood, extension of Sixth Schedule
KARGIL: A three-day hunger strike began here on Saturday morning in support of four demands, including statehood and extension of Sixth Schedule to the Union Territory of Ladakh. The hunger strike sponsored by Kargil Democratic Alliance (KDA) and Leh Apex Body (LAB) at Hussani Park in the town comes amid displeasure among the representatives of the two bodies over the Centre's delay in holding the next round of talks with them. KDA and LAB have been jointly spearheading the agitation over the past five years and have held several rounds of talks with the high-powered committee (HPC) of the Ministry of Home Affairs. "Together, we can build a future where Ladakh governs Ladakh. Three-day hunger strike (in support of) statehood for Ladakh, (its) inclusion under the Sixth Schedule of the constitution, separate Lok Sabha seats for Leh and Kargil regions and establishment of a public service commission (PSC)," reads a banner jointly put up by the KDA and LAB at the venue of the hunger strike. Prominent members of KDA carrying placards, some of which read 'end colonial treatment restore democracy, statehood - Sixth Schedule and strong Ladakh', gathered at the venue and chanted slogans, marking the beginning of their three-day hunger strike. "Today, hunger strike is part of our ongoing agitation in support of our four demands. We have observed strikes, fasts, protests and foot marches (from Ladakh to Delhi) over the past four years in support of our demands, some of which have been discussed with the centre but some are yet to be discussed. And among them, our most basic demand is statehood and Sixth Schedule," Co-chairman of the KDA Asgar Ali Karbalai said. He said there has been no concrete discussion on these two basic issues in the past four years. "And the last discussion we had in May, the HPC chairman and Minister of State for Home Affairs Nityanand Rai and the home secretary had promised that from next month, our discussion will begin on statehood and Sixth Schedule." But no discussion has started yet and we feel that they are deliberately delaying it, Karbalai said. The delay in holding next round of talks had compelled them to go for the hunger strike, he said. "We had faith in the discussion, and we still do. But now they are compelling us to agitate, to protest and to close Ladakh. And this has started today in Kargil. This is KDA and LAB's joint programme for three days," he said. The core committee of the two bodies will discuss and chalkout the next course of action as the entire Ladakh is ready for the agitation which will continue if the government failed to respond, he added. Another prominent leader of KDA, Sajjad Kargili, alleged that the government had failed to keep its promise on the next round of talks. "So, once again, we are protesting peacefully and democratically. We hope that this message reaches the government. This colonial treatment should end with the people of Ladakh," he said. Kargili said democracy should be restored in Ladakh as soon as possible along with the Sixth Schedule of the Constitution, which the government had promised.
News18
3 days ago
- Politics
- News18
3-day hunger strike begins for statehood, Sixth Schedule extension to Ladakh
Kargil, Aug 9 (PTI) A three-day hunger strike began here on Saturday morning in support of four demands, including statehood and extension of Sixth Schedule to the Union Territory of Ladakh. The hunger strike sponsored by Kargil Democratic Alliance (KDA) and Lex Apex Body (LAB) at Hussani Park in the town comes amid displeasure among the representatives of the two bodies over the Centre's delay in holding the next round of talks with them. KDA and LAB have been jointly spearheading the agitation over the past five years and have held several rounds of talks with the high-powered committee (HPC) of the Ministry of Home Affairs. 'Together, we can build a future where Ladakh governs Ladakh. Three-day hunger strike (in support of) statehood for Ladakh, (its) inclusion under the Sixth Schedule of the constitution, separate Lok Sabha seats for Leh and Kargil regions and establishment of a public service commission (PSC)," reads a banner jointly put up by the KDA and LAB at the venue of the hunger strike. Prominent members of KDA carrying placards, some of which read 'end colonial treatment restore democracy, statehood – Sixth Schedule and strong Ladakh', gathered at the venue and chanted slogans, marking the beginning of their three-day hunger strike. 'Today, hunger strike is part of our ongoing agitation in support of our four demands. We have observed strikes, fasts, protests and foot marches (from Ladakh to Delhi) over the past four years in support of our demands, some of which have been discussed with the centre but some are yet to be discussed. 'And among them, our most basic demand is statehood and Sixth Schedule," Co-chairman of the KDA Asgar Ali Karbalai said. He said there has been no concrete discussion on these two basic issues in the past four years. 'And the last discussion we had in May, the HPC chairman and Minister of State for Home Affairs Nityanand Rai and the home secretary had promised that from next month, our discussion will begin on statehood and Sixth Schedule." But no discussion has started yet and we feel that they are deliberately delaying it, Karbalai said. The delay in holding next round of talks had compelled them to go for the hunger strike, he said. 'We had faith in the discussion, and we still do. But now they are compelling us to agitate, to protest and to close Ladakh. And this has started today in Kargil. This is KDA and LAB's joint programme for three days," he said. The core committee of the two bodies will discuss and chalkout the next course of action as the entire Ladakh is ready for the agitation which will continue if the government failed to respond, he added. Another prominent leader of KDA, Sajjad Kargili, alleged that the government had failed to keep its promise on the next round of talks. 'So, once again, we are protesting peacefully and democratically. We hope that this message reaches the government. This colonial treatment should end with the people of Ladakh," he said. Kargili said democracy should be restored in Ladakh as soon as possible along with the Sixth Schedule of the Constitution, which the government had promised. PTI TAS TAS SKY SKY view comments First Published: August 09, 2025, 12:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Yahoo
4 days ago
- Business
- Yahoo
TeraWulf Q2 2025 revenue rises to $47.6 million as HPC takes shape
TeraWulf (WULF) reported Q2 revenue of $47.6 million, up 34% from $35.6 million a year earlier, driven by expanded mining capacity and higher bitcoin prices. Cost of revenue, excluding depreciation, rose 59% to $22.1 million, pushing costs to 46.4% of revenue compared to 39.1% in Q2 2024. Adjusted EBITDA fell to $14.5 million from $19.5 million. The company self-mined 485 bitcoin, down from 699 last year due to the April 2024 halving and the sale of its Nautilus facility, while operational hashrate increased to 12.2 EH/s from 8.0 EH/s. Power cost per bitcoin doubled to $45,555, reflecting the halving, higher network difficulty, and energy price volatility. TeraWulf expects to begin recognizing revenue from HPC hosting in Q3, starting with its 'WULF Den' deployment, followed by 'CB-1' in August and 'CB-2' in Q4. It also received interconnection approval for 500 MW at its Lake Mariner site, with additional capacity of up to 750 MW pending. At quarter-end, the company held $90 million in cash and bitcoin, against about $500 million in 2.75% convertible debt due 2030. At time of publication, WULF is up 3.6% during pre-market hours.
