Tachyon9, Nixxy Sign Offtake Deal With Nidar for Planned North Dakota AI Campus

Tachyon9 Corporation and Nixxy, Inc. (NASDAQ: NIXX) said on June 22, 2026 that they executed an offtake agreement with Nidar Infrastructure Limited, the parent company and majority shareholder of India's Yotta Data Services, advancing a strategic partnership the parties announced earlier in the week. The companies said the agreement reinforces the commercial foundation of the planned Nakota AI Data Campus in North Dakota and provides for roughly $156 million in annual recurring revenue from an initial 100 MW phase.

Terms of the agreement

The agreement reflects the commercial terms contemplated under the parties' previously announced memorandum of understanding, according to the release. It grants Nidar and Yotta a right of first offer on the campus's remaining capacity, which the companies said supports a pathway to nearly 1 GW of development and up to $1.5 billion in annual revenue potential at full buildout. The $156 million figure applies to the initial 100 MW phase. The $1.5 billion figure is described as potential revenue tied to the full 1 GW target, which is roughly ten times the initial phase, and is dependent on financing and buildout.

Shahal Khan, chairman and chief executive officer of Tachyon9, said in a statement that the deal "provides revenue visibility, supports project financing, and significantly de-risks the path toward developing a world-class AI infrastructure platform." Management said the agreement establishes the economic foundation for a large-scale AI compute platform but did not characterize any of the projected figures as realized revenue.

The planned campus

The Nakota AI Data Campus is planned across approximately 620 acres in Williams County, North Dakota, with a targeted buildout of up to 1 GW of capacity, the companies said. The release described the site as designed for up to 1 GW of independent, behind-the-meter natural gas power drawn from the Williston Basin, with integrated carbon capture and sequestration, Tier III-capable liquid-cooled infrastructure, support for current and next-generation NVIDIA GPUs, and multiple diverse fiber entrances. The companies described the campus as planned and designed, not built or operational.

Tachyon9's contribution

Tachyon9, a private operating company in energy infrastructure, transmission equipment and data center assets, is the primary asset and revenue contributor in the NIXX transaction, according to the release. The company said it is contributing roughly $64 million in equipment, land-option rights for the Nakota project, and a signed letter of intent for the entire 1 GW development. NIXX is the public vehicle through which the platform would trade.

Yotta and Nidar

Yotta Data Services holds an estimated 60 to 70 percent of India's deployed GPU capacity, the release said. It operates three campuses, in Navi Mumbai, Gujarat and Greater Noida, with a fourth planned in Telangana, and built Shakti Cloud, India's sovereign AI platform, with NVIDIA. In February 2026, the release said, Yotta announced a US$2 billion-plus investment to deploy 20,736 liquid-cooled NVIDIA Blackwell Ultra GPUs at Greater Noida, a four-year NVIDIA DGX Cloud engagement valued at more than US$1 billion, and the allocation of more than 10,000 GPUs to India's IndiaAI Mission.

Nidar serves as the parent and credit-support entity for the transaction and is backed by the Hiranandani Group, the companies said. Darshan Hiranandani is chairman of Nidar and a co-founder of Yotta. Sunil Gupta is chief executive officer of Yotta.

The companies said additional details on project development, financing and future milestones would be announced as they become available.