NewsDialy
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.
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.
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