Tachyon9 and Nixxy Sign Offtake Deal With Nidar to Anchor Planned North Dakota AI Campus

In focus this session: the planned Nakota AI Data Campus in North Dakota just landed its first named source of demand. Nidar Infrastructure Limited, parent of India's Yotta Data Services, has signed an offtake agreement that, per management, reflects the terms of the companies' earlier memorandum of understanding and points to roughly $156 million in annual recurring revenue from the campus's initial 100 MW phase. NASDAQ-listed Nixxy (NIXX) is the public vehicle here, and the offtake, still a commercial agreement ahead of financing and buildout rather than a closed deal, is the detail markets readers will track.

The companies said the offtake reflects the commercial terms contemplated under the memorandum of understanding announced earlier in the week. It is an offtake agreement, not a closed financing or a completed campus: the figures attached to it are management's projections, conditional on financing and buildout.

What's in focus

Per the announcement, the offtake provides for approximately $156 million in annual recurring revenue from the campus's initial 100 MW phase. It also grants Nidar and Yotta a right of first offer on the remaining capacity. Management framed that option as a pathway toward nearly 1 GW of development and, at full buildout, up to $1.5 billion in annual revenue potential. The full-buildout figure is conditional and roughly ten times the phase number, consistent with 1 GW being about ten times the initial 100 MW. The company did not present either figure as contracted or realized.

Shahal Khan, Chairman and Chief Executive Officer of Tachyon9, said the agreement "provides revenue visibility, supports project financing, and significantly de-risks the path toward developing a world-class AI infrastructure platform." Tachyon9 is the private operating company at the center of the transaction. It is contributing roughly $64 million in equipment, land-option rights for the site, and a signed letter of intent for the entire 1 GW development, making it the primary asset and revenue contributor in the NIXX deal.

The campus

The Nakota AI Data Campus is planned across approximately 620 acres in Williams County, North Dakota, targeting up to 1 GW of capacity. The design calls for independent, behind-the-meter natural-gas power drawn from the Williston Basin, Tier III-capable liquid-cooled infrastructure, integrated carbon capture and sequestration, support for current and next-generation NVIDIA GPUs, and multiple diverse fiber entrances. The pitch is self-generated power on site rather than a multi-year wait in a utility interconnection queue. All of it remains at the planning and design stage.

The customer

Nidar is the parent and credit-support entity for the transaction, backed by the Hiranandani Group. Through Yotta, it brings a sizable Indian AI footprint. By the companies' account, Yotta holds an estimated 60 to 70 percent of India's deployed GPU capacity and runs three operational campuses, in Navi Mumbai, Gujarat, and Greater Noida, with a fourth planned in Telangana. Yotta also operates Shakti Cloud, India's sovereign AI platform built with NVIDIA. In February 2026 it announced a US$2 billion-plus investment to deploy 20,736 liquid-cooled NVIDIA Blackwell Ultra GPUs at Greater Noida, a four-year NVIDIA DGX Cloud engagement valued at over US$1 billion, and an allocation of more than 10,000 GPUs to India's IndiaAI Mission. Darshan Hiranandani chairs Nidar and co-founded Yotta; Sunil Gupta is Yotta's chief executive.

What it means for the setup

For NIXX holders, the readable detail is that the public company's value here rides on a private asset. Tachyon9's equipment, land options, and the 1 GW LOI are the contributed assets, and the offtake is the first committed demand attached to them. The $156 million phase figure is the near-term number with a counterparty named; the $1.5 billion and the full 1 GW remain potential, gated on the financing and construction that have not yet happened.

What to watch next

The next confirmable milestones are a definitive agreement to firm up the offtake terms, evidence of project financing, and the company's own filings detailing the transaction. Management said further details on development, financing, and milestones will follow as they become available. Until those land, the contracted piece is the 100 MW phase; the rest is a stated plan.