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A small energy-infrastructure company called Tachyon9 Corporation said on June 15 it has signed a binding agreement with Nidar Infrastructure, the parent of India's large data-center operator Yotta Data Services, to be the first big customer at a planned U.S.
Here is what that means in plain terms, who the players are, and why the numbers being quoted are projections rather than money already in the bank.
What actually happened Tachyon9 entered into what it called a binding Memorandum of Understanding with Nidar Infrastructure.
Put simply, an MOU is a written agreement that two sides intend to do business and have agreed on the broad terms; "binding" means parts of it are meant to be enforceable.
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