The case Tachyon9 is putting to public investors comes down to one distinction: how much of this is signed, and how much is still proposed. The company says it has signed a binding 15-year memorandum of understanding with Nidar Infrastructure, the parent of Indian AI-infrastructure operator Yotta Data Services, to anchor the first 100 MW of its planned Nakota AI Data Campus, and it attaches roughly $2.34 billion of revenue to that opening phase over the full term. It frames the agreement as the cornerstone of a proposed combination with Nasdaq-listed Nixxy. The partner's quality is the real draw; the signed-versus-proposed split is what an investor should weigh.
The case Tachyon9 is making
Strip away the language about platforms and value chains and the argument is simple: a credible operator has agreed to take down the first slice of capacity. Under the MOU, Nidar's U.S. affiliate is expected to become the anchor customer for Nakota's first 100 megawatts while participating as an economic partner. At full utilization of that initial phase, Tachyon9 said the arrangement contemplates roughly $156 million a year in contracted infrastructure revenue. Run that across the 15-year term and you arrive at the headline $2.34 billion, the cumulative figure for the first 100 MW, not an annual run-rate and not the full campus.
That distinction is worth holding onto, because the company keeps it. Nakota is designed to support up to 1 GW at full development, ten times the opening phase, and Tachyon9 says it has a signed letter of intent for the entire 1 GW build. But a letter of intent is not a contract, and the company does not stretch the $156 million figure across the larger target. Neither should a reader. The contracted economics here attach to 100 MW; everything above is a development goal.
The partner is what gives the announcement weight. Yotta, co-founded by Darshan Hiranandani and run by chief executive Sunil Gupta, holds an estimated 60 to 70 percent of India's deployed GPU capacity, by the company's account. In February 2026 it announced a $2 billion-plus investment to deploy 20,736 liquid-cooled NVIDIA Blackwell Ultra GPUs at its Greater Noida campus, paired with a four-year NVIDIA DGX Cloud engagement the company values at more than $1 billion and an allocation of more than 10,000 GPUs to India's IndiaAI Mission. Nidar, the parent and credit-support entity, is backed by the Hiranandani Group. Tachyon9's own contribution is about $64 million in equipment and land-option rights, plus that 1 GW LOI. In a sector where anchor demand is the hard part, lining up an operator of this profile is the substance of the news.
The counterargument
Almost everything load-bearing here is still conditional, and the release does not hide it. The MOU is binding, but it describes a framework: Nidar and Yotta are "expected to become" foundational partners, the U.S. affiliate is "expected to become" the anchor customer, and the GPU language outlines what "could ultimately be integrated." The $2.34 billion is contingent on full utilization of capacity that does not yet exist, at a campus that is, for now, land options and a development plan.
The vehicle adds a second layer. The path to public-market exposure runs through a proposed combination of Tachyon9 and Nixxy (NASDAQ: NIXX), and a proposed combination is not a closed transaction. Investors looking at the listed ticker are looking at a deal management intends to complete, not one that has. There is financing risk on the partner side too: Yotta is pursuing a pre-IPO round and targeting a listing at a roughly $4 billion to $6 billion valuation while seeking $600 million to $900 million in growth capital, management's targets, not raised money. Each is a milestone that has to clear before the projected economics become realized revenue, and each is the company's projection, attributed as such.
On balance
Tachyon9 has put a genuine anchor relationship with a serious AI-infrastructure operator on the table, scoped honestly to a first phase with figures that are internally consistent, more than many development-stage announcements offer. What it has not put forward is a closed combination, contracted full-campus revenue, or a funded partner; the company's own conditional language is the tell. The signal to weight is the named partner and the disciplined scoping. The 1 GW vision, the $2.34 billion, and the Nixxy listing are projections that live or die on execution and financing that have not yet happened.
> Disclosure: NewsNovo is an independent financial-news publication. This article is editorial content and not investment advice. NewsNovo holds no position in the securities mentioned and was not compensated for this coverage. Figures are drawn from the company's press release.