NIXX Signs LOI to Build a North Dakota AI Power and Compute Platform

A NASDAQ-listed company moves to the supply side of the AI buildout: a 620-acre North Dakota campus, up to 1 GW of planned power, and an MoU behind a planned $5 billion Phase I GPU deployment.

NEW YORK, NY, June 8, 2026. Nixxy, Inc. (NASDAQ: NIXX) is stepping into one of the most talked-about themes in technology and energy. The company said it has signed a Letter of Intent (LOI) with Tachyon9 Corporation, a privately held energy and infrastructure company, to pursue a strategic transaction that would create a publicly traded platform built around artificial intelligence infrastructure, power generation, and high-performance computing.

The thesis is straightforward. AI computing demand keeps climbing, and reliable, scalable power is central to meeting it. The company said the project addresses the challenge of securing reliable and scalable energy for next-generation data centers. This deal aims to put NIXX on the supply side of that equation, pairing dedicated energy with the compute it feeds.

If completed, the company said the combined business would operate under the TACC brand while keeping its NASDAQ listing. The focus would be energy-backed AI infrastructure: power generation assets, hyperscale data centers, and high-performance computing capacity for enterprise, hyperscale, and sovereign AI customers.

The numbers in the LOI are concrete. The proposed transaction includes more than $64 million in contributed infrastructure and equipment assets, plus a planned $75 million private placement financing. At the center sits the 620-acre Nakota Project in Williston, North Dakota, designed for up to 1 gigawatt (GW) of planned power generation capacity over an anticipated 36-month buildout. The first 120 megawatts (MW) of compute capacity is targeted to be operational during the second quarter of 2027. The company also said a signed memorandum of understanding (MoU) supports a planned $5 billion Phase I GPU deployment through a major compute offtake partner.

Location is doing a lot of work here. The Nakota Project sits in the Bakken energy region of North Dakota, designed to leverage abundant natural gas resources and existing pipeline infrastructure to support large-scale AI computing. In plain terms, the power is already close to where the data center would go.

That siting choice reflects the "Bring Your Own Power" (BYOP) trend, a model that pairs dedicated energy infrastructure directly with data center campuses for long-term operational reliability. Rather than waiting on grid interconnections, developers bring the generation with them. For a 1 GW ambition in a gas-rich basin, that is the whole point.

Leadership framed the opportunity in clear 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 repositioning over the past year. "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.

There is a revenue story attached to Tachyon9 as well. The company said Tachyon9 projects approximately $275 million in revenue during 2026 and is expected to contribute the majority of the infrastructure assets tied to the proposed transaction. Post-completion, the combined company would focus on AI data centers, power generation, GPU compute capacity, and related digital infrastructure, while management evaluates strategic alternatives for the communications business. Additional announcements on financing, governance, executive leadership, and development milestones are expected in the coming months.

A standard note for readers: 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. Taken together, the LOI sets out a concrete plan at the intersection of AI and energy.

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.