Here is the news in plain terms: a company called Tachyon9, working through its publicly traded partner Nixxy (NASDAQ: NIXX), has lined up a paying customer for an AI data center it still plans to build in North Dakota. The customer is Nidar Infrastructure, the parent of India's Yotta, and the contract is what is called an offtake agreement, meaning Nidar commits in advance to buy computing capacity the project will produce. Nothing is built yet. The agreement reflects the terms of an MOU and covers a planned first phase worth about $156 million a year, with the larger numbers, up to $1.5 billion a year at full size, being projections that depend on financing and the campus actually getting built.
What was actually signed
Here is what that means in plain terms. The agreement covers the first phase of the planned campus, a 100 MW block of power and the computing it can support. The company says that first phase provides for roughly $156 million in annual recurring revenue. "Annual recurring" means revenue that, if the contract holds, would repeat each year rather than arrive once.
The agreement also gives Nidar and Yotta a right of first offer on the rest of the campus capacity. A right of first offer means that if Tachyon9 sells more capacity later, Nidar and Yotta get the first chance to buy it before anyone else is approached. The company describes this as a pathway toward nearly 1 GW of total capacity, and up to $1.5 billion in annual revenue potential if the project is fully built out.
The two numbers fit together. A gigawatt is about ten times the 100 MW first phase, and $156 million times ten is roughly $1.5 billion a year. The short version: the $156 million is tied to a phase the agreement covers now, and the $1.5 billion is a potential figure that depends on financing and on the full project getting built. Management is careful to call the larger number a pathway and a potential, not a sure thing.
What the campus is supposed to be
The Nakota AI Data Campus is planned for about 620 acres in Williams County, North Dakota, with a target of up to 1 GW of capacity. The design leans on one main idea: power that the project generates itself.
The campus is designed to run on independent, behind-the-meter natural gas power. "Behind-the-meter" means the site makes its own electricity on location instead of pulling it from the public grid. Tachyon9 says that matters because the slowest part of building AI data centers today is often waiting in line to connect to a utility grid. The fuel would come from the Williston Basin, a large natural gas region in North Dakota.
The plan also lists Tier III-capable, liquid-cooled buildings, integrated carbon capture and sequestration to handle emissions, support for current and next-generation NVIDIA GPUs, and multiple separate fiber routes into the site for reliable network access.
Who is involved and why it matters
Tachyon9 is a private company that works in energy infrastructure and data center assets. It is the main contributor in the deal with Nixxy, putting in roughly $64 million in equipment, land-option rights for the site, and a signed letter of intent for the full 1 GW development. Nixxy, Inc. is the public company, listed on NASDAQ under NIXX, through which this platform would trade. That is the detail an investor would track, but the news here is the project and the customer agreement, not the share price.
Nidar is the customer side and the credit support, backed by India's Hiranandani Group. Its subsidiary Yotta is a major force in Indian AI computing, holding an estimated 60 to 70 percent of India's deployed GPU capacity across three operating campuses in Navi Mumbai, Gujarat, and Greater Noida, with a fourth planned in Telangana. Yotta also runs Shakti Cloud, India's sovereign AI platform built with NVIDIA. In February 2026, Yotta announced a US$2 billion-plus plan 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 more than 10,000 GPUs set aside for India's IndiaAI Mission.
Why a normal reader should care
Put simply, a large, established buyer is lining up to take capacity from a project that does not exist yet. That gives the project a reason to attract financing, which is the next hurdle. Shahal Khan, Chairman and CEO of Tachyon9, said the agreement aligns long-term infrastructure with long-term customer demand and supports project financing. Darshan Hiranandani chairs Nidar and co-founded Yotta, and Sunil Gupta is Yotta's CEO.
What is next
The companies said more details on development, financing, and milestones will come as they become available. For now, the signed piece is a first-phase agreement and a right of first offer. The rest, the full gigawatt and the $1.5 billion potential, is a plan that still has to be funded and built.