Today’s conditional shareholder value
What are the dated cash flows worth at the cutoff, after project claims, NUAI’s costs and future dilution? This is not a current-company share-price forecast.
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New Era Energy & Digital · TCDC
Follow rent through construction, lenders, project investors and NUAI’s share count. Compare a 15-year lease with a 20-year lease, then test the funding needed to make the transaction work.
The model separates the current disclosed position from a signed, financed transaction and a completed property. A positive conditional value is not evidence that leases, loans or investor commitments have been secured.
What are the dated cash flows worth at the cutoff, after project claims, NUAI’s costs and future dilution? This is not a current-company share-price forecast.
What would the remaining equity cash flows be worth once the selected project is operating? Its valuation date and share denominator differ from today’s beginning-holder value.
What does a property earnings multiple imply after remaining debt, prepaid rent and investor claims? This endpoint is separate from the cash-flow valuation, and is not added to it.
Keep rent, construction cost and nominal tenant cash constant to isolate lease duration. Physical replacement spending, renewal assumptions, debt maturity and power coverage have their own clocks. A longer lease does not automatically mean a larger advance or a longer loan.
The archived v2.0 Reference retains its original mechanics. The corrected matched comparison is shown separately; it is not described as a lease-only change from that historical reference.
Change rent, build cost, debt and tenant support explicitly. Direct construction contributions and prepaid rent are different sources of cash. Every lender and investor claim must be paid, and a requested ownership percentage is not funded ownership.
Use the live funding and investor-return checks, then reprice public subscriptions. Generated comparison tables are identified separately from the selected live calculation.
Choose a preset, edit its inputs, then inspect who funds the project and what each investor receives. Reprice investor funding after material edits; a stale price curve is clearly flagged.
Loading the complete model. Initial calculation can take several seconds.
The modeled scope is Phase 1 alone or 757 MW in total. Gross electrical capacity is converted to critical IT capacity using visible PUE and operating-reserve assumptions. Phase 2 generation, timing and financing remain distinct from Phase 1.
An annual funding balance can hide a monthly construction shortfall. The calculator shows dated gaps and the first shortfall month, including delayed tenant advances.
Replacement power, a loan balloon and refinancing need explicit prices and funding. Extending the lease does not remove those obligations.
Receipt taxes, cash collateral, rent credits and concessions can change how much tenant cash is usable. The written review includes these adverse cases.
A mathematically priced common interest or public subscription is conditional on investor participation. Future share sales and exercise proceeds are not secured financing.
The 2.86 MB workbook contains live selected-case formulas and requires no external calculation service. Saved public subscription prices are marked stale after material edits; use the calculator’s repricing action to test a new funding equilibrium.
Formula cells are not protected against manual overwriting. Edit the designated inputs and retain an original copy. The live core uses an explicit 30-year physical horizon; the longer lifecycle continuation is a separately labeled generated diagnostic.
SHA-256: 118c610912232041ee00d1d4a5634b478a67dcc1a8f818323a5ffbf1da9ece84
32 sheets · 118,942 formulas · September 23, 2026 information cutoff
The review distinguishes executed and closed facts, conditional terms, management guidance and analyst assumptions. Comparable leases and financings inform the calibration; they are not NUAI commitments. Source links and calculation provenance are also available inside the calculator.
Review the NUAI source library
This release separates phase lease terms, asset age, power obligations and debt maturity; retains historical presets; prices dated funding; and reconciles current, completed and mature values. The underlying conditional transaction remains subject to the funding and claim checks shown in the model.