# New Era Energy & Digital’s Q3 Net Loss Widens to $16.6 million By John Kim Canonical URL: https://www.tokenpost.com/news/business/55611 Published: 2026-11-12T16:06:59.000Z Updated: 2026-11-12T16:06:59.000Z Section: Business > Revenue fell to $147,674, while cash totaled $187 million at Oct. 31, including $138 million in restricted funds. Phase 1 power availability is expected in Q3 2027. New Era Energy & Digital, Inc. (Nasdaq: NUAI) posted a $16.6 million third-quarter net loss, up from $5.8 million a year earlier, as revenue fell and operating expenses rose. Revenue for the quarter ended Sept. 30, 2026, was $147,674, compared with $159,411 in the year-earlier quarter. General and administrative expenses climbed to $16.6 million from $3.7 million. Higher stock-based compensation and employee costs, alongside headcount growth, drove the increase. New Era completed its $64 million private placement, following its [earlier $64 million placement announcement](). At Oct. 31, total cash was $187 million, including $49 million in unrestricted funds and $138 million in restricted funds. The company had $20 million in outstanding debt, which was cash-collateralized. Lease-document negotiations for Phase 1 of the Texas Critical Data Centers project have advanced with the same prospective tenant. The discussions fall under a nonbinding letter of intent covering Phases 1 and 2. The Phase 1 power purchase agreement covers a minimum of 200 megawatts and up to 207 megawatts of firm power. Power availability is expected in Q3 2027, with initial ready-for-service targeted for Q4 2027. ## Links in this article - [earlier $64 million placement announcement](https://www.tokenpost.com/news/business/43551)