Tachyon9 Signs Indian Offtake Deal That Bets North Dakota Gas Can Win the AI Power Race

A data-center deal signed in Coral Gables this week says as much about the global race for AI compute as it does about either company involved. Tachyon9 Corporation and Nixxy, Inc. (NASDAQ: NIXX) said on June 22 that they have executed an offtake agreement with Nidar Infrastructure Limited, the parent and majority shareholder of India's Yotta Data Services, advancing a strategic partnership the parties announced earlier in the week and reinforcing the commercial foundation of the planned Nakota AI Data Campus in North Dakota. According to the companies, the agreement provides for roughly $156 million in annual recurring revenue from an initial 100 MW phase.

The structure matters more than the single number. The companies said the offtake reflects the commercial terms contemplated under the parties' earlier memorandum of understanding, and that it grants Nidar and Yotta a right of first offer on the campus's remaining capacity. That, management said, supports a pathway toward nearly 1 GW of development and up to $1.5 billion in annual revenue potential at full buildout. The figures are consistent with the phased math the company laid out: roughly 1 GW is about ten times the initial 100 MW phase, and ten times $156 million lands near the $1.5 billion ceiling. Both the larger capacity and the larger revenue figure remain conditional, dependent on financing and a buildout that has not yet been completed.

The constraint is power, and that is the sector cycle

The broader cycle this deal reads into is no longer about chips alone. As AI workloads scale, the binding constraint across the industry has shifted to electricity and the multi-year interconnection queues that gate access to it. Tachyon9 and Nixxy are positioning the Nakota campus against that backdrop: the project is designed to deliver up to 1 GW of independent, behind-the-meter natural-gas power drawn from the Williston Basin, rather than waiting on a constrained utility grid.

"We believe the future winners in AI infrastructure will be those who control power," Shahal Khan, Chairman and Chief Executive Officer of Tachyon9, said in the statement. He described an asset that is "being built around energy first" and "not dependent on grid availability."

As planned, the campus would span roughly 620 acres in Williams County, North Dakota, with Tier III-capable liquid-cooled infrastructure, integrated carbon capture and sequestration, multiple diverse fiber entrances, and deployment capability for current and next-generation NVIDIA GPUs. None of that is built yet. The company describes the campus as planned and designed for that capacity, and frames the revenue beyond the first phase as potential rather than contracted.

Tachyon9 is the asset, NIXX is the listed vehicle

For investors parsing the structure, the operating substance sits with Tachyon9, a private company specializing in energy infrastructure, transmission equipment, and data-center assets. The company said it is the primary asset and revenue contributor in the NIXX transaction, contributing roughly $64 million in equipment, land-option rights for the Nakota site, and a signed letter of intent covering the entire 1 GW development. Nixxy, Inc. is the public vehicle through which that platform would trade. Nidar, backed by the Hiranandani Group, serves as the parent and credit-support entity for the deal.

The cross-border read-through

What gives the offtake its weight is who is on the other side of it. Yotta, under Chairman Darshan Hiranandani and CEO Sunil Gupta, holds an estimated 60 to 70 percent of India's deployed GPU capacity, runs three operational campuses in Navi Mumbai, Gujarat, and Greater Noida, with a fourth planned in Telangana, and built Shakti Cloud, India's sovereign AI platform, with NVIDIA. In February 2026 it announced a more than US$2 billion 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 10,000-plus GPUs allocated to India's IndiaAI Mission.

That is the cross-border context a North Dakota gas play would not otherwise carry: a credit-support parent whose affiliate is among Asia's largest AI infrastructure operators, signing for capacity on American soil. For now it is a contracted first phase and a right of first offer on the rest, a commercial framework rather than a finished campus. Whether the pathway to 1 GW and $1.5 billion in annual revenue materializes will depend on the financing and the build that follow.