SharonAI Holdings Closes $70 Million Sale of Texas Data Center Stake to New Era
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SharonAI Holdings Inc. has sold its 50% stake in Texas Critical Data Centers LLC to New Era Energy & Digital, Inc. for $70 million. The deal includes a $50 million secured convertible note, $10 million in cash, and $10 million in equity. Following the sale, SharonAI will no longer have ownership or governance rights in TCDC and intends to use the proceeds to enhance its Neocloud platform for customers in the Asia-Pacific region.
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