Tachyon9 secures $2.34 billion AI infrastructure deal, boosting merger with Nixxy

Nixxy Stock Rises After Merger Partner Tachyon9 Lands $2.34 Billion AI Data Center Deal - Nixxy (NASDAQ:N

The 15-year binding MOU is expected to contribute approximately $2.34 billion in revenue associated with the initial 100 MW deployment at the planned Nakota AI Data Campus, which is designed to support up to 1 GW of total capacity upon full development. At full utilization of the initial phase, the arrangement contemplates approximately $156 million in annual contracted infrastructure revenue. Under the agreement, Nidar's U.S. affiliate is expected to become the anchor customer for the first 100 MW of capacity at Nakota while also participating as an economic partner in the project. Yotta Data Services, described as India's largest operator of Nvidia GPU compute infrastructure, brings with it a partnership with Nvidia spanning Blackwell Ultra silicon, DGX Cloud orchestration, and the Shakti Cloud platform. The partnership supports the proposed combination of Tachyon9 and Nixxy, which is intended to create a publicly traded AI infrastructure platform participating across multiple layers of the AI value chain -- including power generation, hyperscale data center development, GPU compute deployment, AI cloud services, and long-term contracted colocation revenues. "This agreement is much more than a customer relationship," said Shahal Khan, Chairman and CEO of Tachyon9. "It represents strategic validation from one of the world's leading AI infrastructure operators and serves as another important building block in the creation of a publicly traded AI infrastructure company." Nixxy Shares Jump NIXX Price Action: At the time of publication, Nixxy shares are trading 22.99% higher at $1.07, according to data from Benzinga Pro. This illustration was generated using artificial intelligence via Midjourney. This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.

Tachyon9 signs $2.34 billion AI infrastructure deal with Yotta By Investing.com

CORAL GABLES, Fla. - Tachyon9 Corporation announced Monday it has signed a binding memorandum of understanding with Nidar Infrastructure Limited, the parent company of Yotta Data Services, for a 15-year partnership expected to generate approximately $2.34 billion in revenue from an initial 100 megawatt deployment at the planned Nakota AI Data Campus. Under the agreement, Nidar's U.S. affiliate is expected to become the anchor customer for the first 100 megawatts of capacity at Nakota. The arrangement contemplates approximately $156 million in annual contracted infrastructure revenue at full utilization of the initial phase, according to a press release statement. The Nakota AI Data Campus is designed to support up to 1 gigawatt of total capacity upon full development. Nidar and Yotta are expected to become strategic partners in the project, bringing commercial demand and operational expertise. The partnership supports Tachyon9's proposed combination with Nixxy Inc. (NASDAQ:NIXX), which is intended to create a public company focused on AI infrastructure. The combined platform is being designed to participate across power generation, data center development, GPU compute deployment and AI cloud services.Nixxy currently trades at $0.87 with a market capitalization of $23.4 million, though InvestingPro analysis suggests the stock is undervalued relative to its Fair Value. An InvestingPro Tip notes the company holds more cash than debt on its balance sheet, providing financial flexibility for the proposed infrastructure buildout. "This agreement is much more than a customer relationship," said Shahal Khan, Chairman and Chief Executive Officer of Tachyon9. "It represents strategic validation from one of the world's leading AI infrastructure operators." Yotta Data Services operates three data center campuses in India and holds an estimated 60-70% of India's total deployed GPU capacity. The company is pursuing a pre-IPO financing and targeting a public listing at a valuation of approximately $4-6 billion, with plans to raise $600-900 million in growth capital. Tachyon9 is a private operating company specializing in energy infrastructure and data center assets. The company is contributing approximately $64 million in equipment and land option rights for the Nakota project to the proposed Nixxy combination. In other recent news, Nixxy, Inc. announced its fiscal 2025 revenue reached approximately $98 million, marking a significant development as the company continues its transition into a telecommunications infrastructure platform. The company reported a narrowed net loss of about $15 million, down from $22.6 million in the previous year. Additionally, Nixxy has entered into a non-binding letter of intent with Tachyon9 Corporation, aiming to focus on AI infrastructure and energy generation. This proposed transaction includes plans for a 1-gigawatt data center project in Williston, North Dakota, with the first phase expected to be operational by the second quarter of 2027. The full buildout is planned over 36 months in 120-megawatt increments. Nixxy also highlighted a shortage in AI-ready data center infrastructure in North America, which has affected several planned AI data center projects. Industry reports suggest that over 7 gigawatts of anticipated AI computing capacity may not come online as initially scheduled due to various challenges. These developments underscore Nixxy's strategic shift and ongoing efforts to address infrastructure challenges in the AI sector. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.