MarketPR
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.
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