The Nixxy-Tachyon9 LOI pairs a 620-acre North Dakota campus, up to 1 GW of power, and a planned $5 billion Phase I GPU deployment, putting NASDAQ-listed NIXX in front of AI's biggest bottleneck: electricity.
NEW YORK, NY, June 8, 2026. The biggest bottleneck in artificial intelligence right now is not chips or talent. It is electricity. Nixxy, Inc. (NASDAQ: NIXX) is moving to put itself squarely in front of that problem. The company said it 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 platform spanning AI infrastructure, power generation, and high-performance computing.
The thesis is simple and timely. AI computing demand is climbing fast, and per the announcement, analysts and policymakers have flagged access to reliable power as one of the most significant constraints facing the next wave of AI data center development. Nixxy and Tachyon9 want to build for that exact gap.
If the deal closes, the combined company is expected to operate under the TACC brand while keeping its NASDAQ listing. The stated focus is energy-backed AI infrastructure: power generation assets, hyperscale data centers, and high-performance computing capacity for enterprise, hyperscale, and sovereign AI customers.
At the center of it sits the Nakota Project, a 620-acre development in Williston, North Dakota. The company said the project targets up to 1 gigawatt of planned power generation capacity over an anticipated 36-month buildout, with the first 120 megawatts of compute capacity targeted to be operational during the second quarter of 2027. That phased approach lets the platform stand up real capacity early while the larger campus scales behind it.
The proposed transaction, per the announcement, also includes more than $64 million in contributed infrastructure and equipment assets, a planned $75 million private placement financing, and a signed memorandum of understanding supporting a planned $5 billion Phase I GPU deployment through a major compute offtake partner. Tachyon9 projects approximately $275 million in revenue during 2026 and is expected to contribute the majority of the infrastructure assets tied to the deal.
Location is a big part of the pitch. The Nakota Project sits in the Bakken energy region of North Dakota, and it is designed to use abundant natural gas resources and existing pipeline infrastructure to power large-scale AI computing. In other words, the energy is already close to the ground.
"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," said John Arundel, Managing Director at Perdicus Global Communications, which represents Tachyon9. The Northern Midwest pipeline network is central to that pitch: it carries the gas that feeds dedicated generation right where the compute will live.
That fits a broader pattern the companies describe as "Bring Your Own Power," or BYOP, the practice of pairing dedicated energy infrastructure directly with data center campuses for long-term operational reliability. Instead of waiting in a grid interconnection queue, you build the power and the compute together.
Leadership framed the opportunity in plain terms.
"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," said Shahal Khan, Chairman and CEO of Tachyon9.
Mike Schmidt, CEO of Nixxy, pointed to the company's own repositioning. "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.
After completion, the company said the focus would center on AI data centers, power generation infrastructure, GPU compute capacity, and related digital infrastructure. Management also expects to evaluate strategic alternatives for its communications business so it can concentrate on AI and energy. More announcements on financing, governance, executive leadership, development milestones, and long-term infrastructure plans are expected in the coming months.
A standard note for the road: this is a Letter of Intent, not a closed deal. The company said 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. For investors tracking the AI-energy convergence, though, NIXX just became a name worth watching in this theme.
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.