Nixxy and Tachyon9 Sign LOI to Build Energy-Backed AI Infrastructure Platform Anchored by North Dakota's Nakota Project

Breaking: A Letter of Intent pairs NASDAQ-listed Nixxy with energy developer Tachyon9 to build the Nakota Project, a 620-acre North Dakota campus targeting up to 1 GW of power and a planned $5 billion Phase I GPU deployment under the Bring Your Own Power model.

NEW YORK, NY, June 8, 2026 Nixxy, Inc. (NASDAQ: NIXX) has entered into a Letter of Intent with Tachyon9 Corporation, a privately held energy and infrastructure company, to pursue a strategic transaction aimed at creating a publicly traded artificial intelligence infrastructure, power generation, and high-performance computing platform. The announcement puts a small NASDAQ-listed company squarely at the center of one of the defining bottlenecks in the AI buildout: where the electricity will come from.

That bottleneck is real. AI computing demand is accelerating globally and pressuring electrical grids, and the announcement frames the project as addressing the need to secure reliable and scalable energy for next-generation data centers. The Nixxy and Tachyon9 plan is built around solving exactly that.

If the deal is completed, the combined company is expected to operate under the TACC brand while maintaining its NASDAQ listing. The focus would be energy-backed AI infrastructure: power generation assets, hyperscale data centers, and high-performance computing capacity serving enterprise, hyperscale, and sovereign AI customers.

The proposed transaction has substance behind the vision. Per the announcement, it includes more than $64 million in contributed infrastructure and equipment assets and a planned $75 million private placement financing. The centerpiece is the 620-acre Nakota Project in Williston, North Dakota, designed for up to 1 gigawatt of planned power generation capacity over an anticipated 36-month buildout. The company said the first 120 megawatts of compute capacity is targeted to be operational during the second quarter of 2027. A signed memorandum of understanding supports a planned $5 billion Phase I GPU deployment through a major compute offtake partner.

Shahal Khan, Chairman and CEO of Tachyon9, framed the thesis directly. "This transaction is designed to provide public market investors with exposure to one of the most important infrastructure themes of our time, the convergence of artificial intelligence and energy. The future of AI will depend on access to reliable, scalable power. We believe the Nakota Project has the potential to become a foundational asset supporting that transformation," he said.

Why North Dakota, and why "Bring Your Own Power"

Location is part of the bet. The Nakota Project sits in the Bakken energy region of North Dakota, and per the announcement it is designed to leverage abundant natural gas resources and existing pipeline infrastructure to support large-scale AI computing operations. The idea is to address one of the industry's most pressing challenges, securing reliable and scalable energy for next-generation data centers, by building near the fuel rather than waiting in line for grid interconnection.

John Arundel, Managing Director at Perdicus Global Communications, which represents Tachyon9, pointed to the regional pipeline network as a core advantage. "The Nakota project is strategically positioned to leverage abundant natural gas resources and existing pipeline infrastructure in the Northern Midwest, addressing one of the most critical constraints facing the AI industry," he said.

That approach reflects a broader shift the company described as the "Bring Your Own Power" trend, pairing dedicated energy infrastructure with data center campuses for long-term operational reliability. Instead of treating power as something to procure later, BYOP folds it into the project from day one.

Mike Schmidt, CEO of Nixxy, pointed to the repositioning that brought the company here. "Artificial intelligence is driving unprecedented demand for compute power, data centers, and energy infrastructure. Over the past year, we have repositioned Nixxy to participate in this rapidly growing sector, and we believe this proposed transaction creates a platform capable of addressing critical infrastructure needs for the AI economy," he said.

On the numbers side, Tachyon9 projects approximately $275 million in revenue during 2026 and is expected to contribute the majority of the infrastructure assets associated with the proposed transaction. Management also expects to evaluate strategic alternatives for its communications business to sharpen the focus on AI and energy initiatives. The company said additional announcements regarding financing, governance, executive leadership, development milestones, and long-term infrastructure plans are expected in the coming months.

A standard caveat applies, and it matters. This is a Letter of Intent, not a closed deal. The proposed transaction remains subject to due diligence, negotiation and execution of definitive agreements, regulatory approvals, board approvals, shareholder approval, financing arrangements, and other customary closing conditions. Those conditions, and the additional announcements the company has flagged for the coming months, will determine whether the platform described in the LOI takes shape.

This content is for informational purposes only and is not investment advice or a recommendation to buy or sell any security. It describes a proposed transaction that remains subject to due diligence, definitive agreements, financing, and regulatory, board, and shareholder approvals, and may not be completed. Forward-looking statements involve risks and uncertainties; see the company's filings with the SEC.