Nixxy, Inc. (NASDAQ: NIXX) has entered into a transformative and binding Letter of Intent (LOI) with Tachyon9 Corporation, a privately held energy and data infrastructure company. This strategic NASDAQ transaction is designed to create a fully operational, asset-backed public company dedicated to AI infrastructure, energy generation, GPU compute, and next-generation data center development. By combining these capabilities, the entity aims to address the unprecedented global demand for compute power and energy capacity, positioning itself at the center of the emerging AI economy.
Nixxy and Tachyon9 Nakota Project Development
The centerpiece of the proposed transaction is the development of the Nakota Project located on a 620-acre site in Williston, North Dakota. The company plans an investment of approximately $1 billion into power and energy infrastructure for the site, which is designed to deliver up to 1 gigawatt (GW) of capacity. This massive buildout is anticipated to take place over a 36-month period, with the first 150 megawatts (MW) of capacity expected to be operational by the second quarter of 2027.
To support the compute requirements, the company plans to build total compute power in 120MW increments over a 24-month period, with the first 120MW of compute power also planned for operation by Q2 2027. The project will utilize a power core delivered behind the meter, leveraging the abundant natural gas supply available in North Dakota and other states connected to the Northern Midwest Gas supply pipelines. This approach allows the platform to pursue large-scale AI infrastructure opportunities by securing the energy capacity necessary for hyperscale operations.
Financial Structure and Asset Integration
The initial transaction is structured to provide substantial operational scale and infrastructure capacity through several key financial and asset components:
- A planned $5 billion investment in GPU financing for phase 1 through a major offtake partner, for which a Memorandum of Understanding (MoU) has already been executed.
- A planned $75 million private placement financing to support the initiative.
- The integration of more than $64 million in hard infrastructure and equipment assets.
Upon completion of the transaction, the combined entity is expected to operate under the branding "TACC" while retaining its existing NASDAQ listing. This restructuring is intended to give public market investors direct exposure to one of the most significant energy infrastructure buildouts currently underway in North America. To ensure management and capital resources are focused fully on AI infrastructure and energy development, the company expects to divest its existing communications business through a strategic industry transaction following the closing.
Strategic Shift Toward AI Hyperscale Infrastructure
This move is the culmination of a year of restructuring by Nixxy, during which the company executed a broad repositioning initiative. This process included the separation of legacy operations and the expansion of its communications infrastructure platform to transition into an AI-enabled communications and AI data infrastructure company. The company stated that it has already secured the major foundational components necessary to advance these initiatives, including strategic site control, real estate agreements, infrastructure rights, licensing arrangements, and project-related approvals.
The long-term strategy for the combined entity will focus on high-performance compute ecosystems supporting hyperscale compute demand, sovereign AI initiatives, and enterprise AI. The company believes the AI infrastructure sector represents one of the largest generational investment opportunities in modern technology history, driven by the exponential growth of AI adoption and the need for scalable, energy-backed data center capacity. To lead this effort, the company plans to assemble a board of directors and senior executive team consisting of seasoned executives from the energy, capital markets, AI, and technology sectors with experience scaling enterprises globally.
The proposed transaction remains subject to the completion of due diligence, the execution of definitive agreements, regulatory approvals, board approvals, and shareholder consent. The company has not yet disclosed further details regarding the specific transaction structure or the identity of the offtake partner.
Key Takeaways
- The Nakota Project in North Dakota aims to deliver up to 1GW of capacity over a 36-month buildout, with the first 150MW expected by Q2 2027.
- The deal includes a planned $5 billion in GPU financing via an offtake partner and a $75 million private placement.
- The combined entity, expected to operate as TACC, will utilize natural gas supply from the Northern Midwest Gas supply pipelines to power its infrastructure.
EnergyInsyte's Take
This project highlights the increasing reliance on localized, behind-the-meter gas generation to meet the massive power requirements of hyperscale AI. Executives should monitor the execution of the 36-month buildout timeline and the finalization of the $5 billion GPU financing. The success of the platform depends on the seamless transition from a communications-focused business to a heavy infrastructure operator.
Source: Businesswire
