AI Meets the Grid: Nixxy's LOI Puts a Bring Your Own Power Bet on North Dakota's Bakken

A North Dakota LOI ties AI compute to its own power supply: a 620-acre Bakken campus, up to 1 GW over 36 months, and a Northern Midwest gas and pipeline advantage feeding the buildout.

NEW YORK, NY, June 8, 2026. The story of the next decade in computing may turn out to be a story about electricity. As demand for artificial intelligence accelerates, the bottleneck is shifting from chips to the power needed to run them. Nixxy, Inc. (NASDAQ: NIXX) is leaning directly into that thesis. The company said it has entered into a Letter of Intent (LOI) with Tachyon9 Corporation, a privately held energy and infrastructure company, to pursue a strategic transaction aimed at creating a publicly traded platform spanning AI infrastructure, power generation, and high-performance computing.

The idea is straightforward and increasingly fashionable among infrastructure developers: stop fighting for scarce grid capacity and build your own. That approach has a name in the industry, "Bring Your Own Power," and it pairs dedicated energy assets with data center campuses so the compute and the electrons live on the same site. Per the announcement, the proposed combination reflects exactly this integrated power-and-compute model.

If completed, the combined company is expected to operate under the TACC brand while keeping its NASDAQ listing, the company said. Its focus would be energy-backed AI infrastructure, including power generation assets, hyperscale data centers, and high-performance computing capacity for enterprise, hyperscale, and sovereign AI customers.

The geography is the interesting part. The centerpiece is the 620-acre Nakota Project in Williston, North Dakota, sited in the Bakken energy region. Per the announcement, the location is designed to leverage abundant natural gas resources and existing pipeline infrastructure to support large-scale AI computing. In a region long defined by oil and gas, that is a notable repurposing of an energy advantage toward digital infrastructure. The pitch puts the site's energy logistics front and center. "The Nakota project is strategically positioned to leverage abundant natural gas resources and existing pipeline infrastructure in the Northern Midwest, addressing one of the most critical constraints facing the AI industry," said John Arundel, Managing Director at Perdicus Global Communications, which represents Tachyon9. The framing is deliberate: in the Northern Midwest, the gas is already flowing and the pipeline network is already built, so the power can scale alongside the compute rather than waiting on it.

The numbers attached to the LOI sketch out an ambitious buildout. According to the company, the proposed transaction includes more than $64 million in contributed infrastructure and equipment assets and a planned $75 million private placement financing. The Nakota Project targets up to 1 gigawatt of planned power generation capacity over an anticipated 36-month buildout, with the first 120 megawatts of compute capacity targeted to be operational during the second quarter of 2027. The company also pointed to a signed memorandum of understanding supporting a planned $5 billion Phase I GPU deployment through a major compute offtake partner. Tachyon9 projects approximately $275 million in revenue during 2026 and is expected to contribute the majority of the infrastructure assets tied to the deal.

Leadership framed the opportunity in clear terms. "This transaction is designed to provide public market investors with exposure to one of the most important infrastructure themes of our time, the convergence of artificial intelligence and energy. The future of AI will depend on access to reliable, scalable power. We believe the Nakota Project has the potential to become a foundational asset supporting that transformation," said Shahal Khan, Chairman and CEO of Tachyon9.

Nixxy's chief executive echoed the macro picture. "Artificial intelligence is driving unprecedented demand for compute power, data centers, and energy infrastructure. Over the past year, we have repositioned Nixxy to participate in this rapidly growing sector, and we believe this proposed transaction creates a platform capable of addressing critical infrastructure needs for the AI economy," said Mike Schmidt, CEO of Nixxy.

Management said additional announcements on financing, governance, executive leadership, development milestones, and long-term plans are expected in the coming months. As with any LOI, the path runs through standard gates. The company said the proposed transaction remains subject to due diligence, negotiation and execution of definitive agreements, regulatory approvals, board approvals, shareholder approval, financing arrangements, and other customary closing conditions. For investors tracking where AI and energy meet, it is a name worth watching in this theme.

This content is for informational purposes only and is not investment advice or a recommendation to buy or sell any security. It describes a proposed transaction that remains subject to due diligence, definitive agreements, financing, and regulatory, board, and shareholder approvals, and may not be completed. Forward-looking statements involve risks and uncertainties; see the company's filings with the SEC.