Joint venture signs non-binding letter of intent with prospective global enterprise customer for purchase of land and power to support advanced data center
Joint venture also signs non-binding letter of intent for acquisition of additional 203 acres
Sharon AI, Inc., a High-Performance Computing (“HPC”) business focused on Artificial Intelligence (“AI”) Compute Infrastructure which recently announced entry into a Business Combination Agreement with Roth CH Acquisition Co. (OTC Markets:USCTF), provided an operational update for its joint venture, Texas Critical Data Centers LLC (“TCDC”), regarding an intended 250MW data center project in Ector County, Texas.
TCDC, SHARON AI’s joint venture with New Era Helium Inc. (“New Era Helium”), has signed a non-binding Letter of Intent with a prospective global enterprise customer. Under the terms outlined, the prospective customer may acquire land from TCDC and potentially enter into a power purchase agreement for up to 250 megawatts of behind-the-meter electricity, facilitated by TCDC, to support advanced data center operations and AI compute infrastructure.
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TCDC also announced that it has signed a second non-binding Letter of Intent with Grow Odessa, an economic development corporation, for the planned acquisition of an additional 203 acres, for a total of 438 acres. Grow Odessa assists local businesses with expansion and focuses on attracting new compatible industry to Odessa. TCDC expects to sign a definitive agreement for the acquisition of the initial 235 acres this month. Furthermore, TCDC received a proposal from the operator of a nearby gas transmission pipeline for natural gas transportation services.
Work is continuing on overall site due diligence and planning for the air permit. The next project milestones are expected to include further updates on natural gas supply and the anticipated behind-the-meter power plant.
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Wolf Schubert, CEO of SHARON AI, commented “We are pleased with our progress to date in the development of this project, particularly our engagement with a prospective global enterprise customer who is contemplating building a large-scale AI data center. This reflects the growing demand for AI compute infrastructure and the energy to run it.”
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