Nixxy backs $1B AI power and data center buildout with Tachyon9

Nixxy said June 8 it signed a letter of intent with Tachyon9 to build a publicly traded AI infrastructure and power platform centered on a North Dakota hyperscale campus. The plan includes up to 1 gigawatt of generation, a $5 billion GPU deployment target and a move into the fast-growing market for power-backed AI data centers.

Why it matters: - AI data center growth is hitting a new bottleneck: power. - The proposed Nixxy-Tachyon9 platform is built around electricity generation, not just chips and servers. - The transaction aims to give public market investors exposure to AI infrastructure tied directly to energy assets. - The Nakota Project could become a large-scale example of the “Bring Your Own Power” model spreading across the sector.

What happened: - Nixxy, Inc. (NASDAQ: NIXX) entered into a letter of intent with Tachyon9 Corporation to pursue a strategic transaction. - The proposed deal would create a publicly traded artificial intelligence infrastructure, power generation and high-performance computing platform. - The combined company is expected to operate under the TACC brand while keeping its NASDAQ listing. - The announcement was made June 8, 2026.

The details: - The proposed transaction includes more than $64 million in contributed infrastructure and equipment assets. - The structure also includes a planned $75 million private placement financing. - The plan centers on the 620-acre Nakota Project in Williston, North Dakota. - The project targets up to 1 gigawatt of power generation capacity over an anticipated 36-month buildout. - The first 120 megawatts of compute capacity is targeted to be operational in 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. - The Nakota Project is located in the Bakken energy region and is designed to use natural gas resources and existing pipeline infrastructure. - The platform is intended to serve enterprise, hyperscale and sovereign AI customers. - Tachyon9 projects about $275 million in revenue during 2026. - Tachyon9 is expected to contribute the majority of the infrastructure assets in the proposed transaction.

Between the lines: - The deal reflects a broader shift in AI infrastructure toward pairing power generation with data center campuses. - Reliable electricity is becoming a constraint on AI expansion, alongside chip supply and data center availability. - Nixxy has been repositioning itself over the past year to focus on AI and related infrastructure. - The company also plans to evaluate strategic alternatives for its communications business, which suggests a narrower focus on AI and energy. - The transaction could give Nixxy a differentiated public-market story if it secures financing and approvals.

What’s next: - The proposed transaction still needs due diligence, definitive agreements, regulatory approvals, board approval, shareholder approval and financing arrangements. - Nixxy said more details on financing, governance, executive leadership, development milestones and long-term plans are expected in the coming months. - The company plans to focus after closing on AI data centers, power generation infrastructure, GPU compute capacity and related digital infrastructure opportunities.

The bottom line: - Nixxy is trying to turn power access into the core asset of an AI infrastructure company. If the deal closes, the Nakota Project could become a major test case for the next wave of energy-backed AI buildouts.