The companies say their planned strategic combination is built to deliver power-ready AI infrastructure as more than 7 gigawatts of expected capacity risks missing schedule, with a 120-megawatt first phase slated for the second quarter of 2027.

NEW YORK, June 11, 2026

Nixxy, Inc. (NASDAQ: NIXX) and Tachyon9 Corporation on Thursday positioned their planned strategic combination as a direct answer to a deepening U.S. shortage of AI-ready data center capacity, citing industry analyst estimates, referenced in Nixxy's announcement, that more than 7 gigawatts of anticipated AI computing capacity may fail to come online as originally scheduled. The companies said the combined Nixxy-Tachyon9 platform is designed to integrate power generation, infrastructure, financing and compute deployment into a single execution framework, with a first phase of 120 megawatts slated for the second quarter of 2027.

Nearly half of all U.S. AI data center projects planned for 2026 deployment have been delayed or canceled because of power constraints, equipment shortages, permitting challenges and construction delays, according to industry reports cited by the company. Nixxy said the widening supply and demand imbalance reinforces the strategic rationale behind its recently announced combination with Tachyon9, which it described as a developer focused on large-scale AI infrastructure, power generation, data center development and GPU compute deployment.

Thursday's statement builds on a binding letter of intent between the two companies disclosed in a Nixxy Form 8-K filed with the U.S. Securities and Exchange Commission on June 10. Under terms stated in that filing, the platform's anchor development is the 620-acre Nakota Project in Williston, North Dakota, which the companies intend to scale to 1 gigawatt.

"We recognized early that AI's greatest bottleneck would not be models or GPUs - it would be infrastructure," said Shahal Khan, chief executive officer of Tachyon9. "The industry is now seeing what happens when demand for AI compute collides with limited power availability and delayed data center construction."

"Our vision with Nixxy/Tachyon9 is to develop an integrated platform capable of delivering power-ready AI infrastructure at a time when the market needs it most," Khan said. "We are building behind the meter gas turbines, so we avoid these delays."

Through its development pipeline, Tachyon9 is pursuing approximately $1 billion of planned capital investment, largely through debt facilities and construction loans intended to be backed by projected offtake agreements, according to the announcement. Tachyon9 is contributing approximately $64 million in equipment, land option rights for the Nakota project and a signed letter of intent covering the entire 1 gigawatt development, the companies said. Nixxy brings its public market platform, telecommunications infrastructure, AI technologies and capital markets capabilities.

A market struggling to build fast enough

Independent industry research describes a sector that cannot build as fast as demand arrives. Sightline Climate's February "Data Center Outlook," which tracks 190 gigawatts across 777 large data centers announced since 2024, found more than 16 gigawatts slated for delivery in 2026 across roughly 140 projects, of which only 5 gigawatts were actually under construction. Sightline analyst Olivia Wang wrote in the report that it "wouldn't be surprising" if 30 to 50 percent of the capacity slated for 2026 ends up delayed.

Grid interconnection remains the chokepoint. Projects entering utility queues in 2025 face average waits of more than seven years to reach operation, Data Center Knowledge reported in May. Lawrence Berkeley National Laboratory's December "Queued Up" study put the national interconnection queue above 2,060 gigawatts, with a median of roughly five years from request to operation.

Existing capacity, meanwhile, is effectively spoken for. North American colocation vacancy stood at a historic low of 2.3% as of August 2025, with 73% of under-construction capacity already pre-leased, according to JLL. "Power has become the new real estate," Andrew Batson, JLL's head of U.S. data center research, said at the time.

The behind-the-meter route

Khan's reference to gas turbines points to the strategy at the center of the companies' delay-avoidance pitch: behind-the-meter gas turbines built on site, bypassing the utility queue. Industry reporting from Data Center Knowledge and research firm SemiAnalysis indicates onsite gas generation can reach first power in roughly 18 months, compared with grid connection waits of four to seven years in major markets. The approach is gaining adherents at scale. Forty-six data centers totaling about 56 gigawatts plan their own behind-the-meter power, according to February reporting by Marketplace and Grist.

The demand side keeps growing. The four largest hyperscalers (Microsoft, Amazon, Alphabet and Meta) have guided to roughly $725 billion of combined 2026 capital expenditures, up 77% from $410 billion in 2025, according to a Tom's Hardware aggregation of first-quarter earnings reports. Microsoft CEO Satya Nadella described the constraint in November: "It's not a supply issue of chips; it's actually the fact that I don't have warm shells to plug into."

Against that backdrop, Nixxy said it believes the proposed transaction positions the company "to participate directly in one of the most significant infrastructure buildouts in modern technology history." Industry analysts increasingly believe access to reliable power generation and deployable infrastructure will become the defining competitive advantage in the AI economy, the company added, and demand for operational AI infrastructure is expected to substantially exceed available supply for years to come.

The nearest milestone on that pipeline is the Phase 1 buildout of 120 megawatts at the Nakota site, slated for the second quarter of 2027, according to the announcement. From there, the companies intend to take the development to a full gigawatt.

About Nixxy, Inc.

Nixxy, Inc. (NASDAQ: NIXX) is an AI communications and data infrastructure company focused on next-generation digital infrastructure platforms positioned at the intersection of artificial intelligence, high-performance compute, energy, and data center infrastructure. The Company is pursuing large-scale opportunities supporting the rapidly growing global demand for AI compute capacity, sovereign AI initiatives, and next-generation energy-backed digital infrastructure. For more information, visit www.nixxy.com.

About Tachyon9

Tachyon9 is a private operating company specializing in energy infrastructure, transmission equipment, and data center assets. Tachyon9 serves as the primary asset and revenue contributor in the proposed transaction, contributing approximately $64 million in equipment, land option rights for the Nakota project, and a signed LOI for the entire 1 GW development.

Contacts

Investor Relations: Nixxy, Inc., [email protected] Media: John Arundel, Managing Director, Perdicus Global Communications, Washington, DC, [email protected], (703) 963-4191

Forward-Looking Statements

This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the proposed strategic combination between Nixxy, Inc. and Tachyon9 Corporation, planned capital investment, development timelines, projected offtake agreements, and anticipated market conditions. Forward-looking statements are based on management's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Investors should review the risk factors described in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on April 15, 2026, and other filings with the Securities and Exchange Commission. Nixxy undertakes no obligation to update forward-looking statements except as required by law.