Nixxy, Inc. Reports Second Quarter 2026 Financial Results

Nixxy reported Q2 2026 revenue of $16.1 million, up 20% year-over-year, while first-half revenue surged to $45.2 million from $14.6 million in the prior year period. Operating efficiency improved materially with operating expenses excluding cost of revenue down 52% year-over-year, narrowing the net loss for the first six months of 2026 to $(1.8) million. The company regained compliance with Nasdaq’s minimum bid price requirement and appointed David Kratochvil as Chief Executive Officer, succeeding Mike Schmidt.

•1mo ago

Nixxy Announces Strategic AI Infrastructure Platform Initiative

Nixxy announced it is in negotiations to directly procure the Nakota property and provide all necessary funds for permitting, aiming to own a larger percentage of the project than previously planned. The company also confirmed that the Letter of Intent for the proposed Tachyon9 transaction has concluded upon its expiration as Nixxy prioritizes the direct development of Nakota. Management views Nakota as a cornerstone for its AI infrastructure platform, focusing on owning and operating the power and digital assets that support artificial intelligence computing.

•2mo ago

Nixxy, Inc. Regains Full Nasdaq Compliance with Minimum Bid Price Requirement

Nixxy, Inc. received formal notification from Nasdaq confirming it has regained compliance with the minimum bid price requirement of $1.00 per share. The company met the requirement by maintaining a closing bid price at or above $1.00 for ten consecutive business days from June 17 through July 1, 2026, officially closing the compliance matter. Chairman David Kratochvil stated that resolving the issue supports continued access to capital markets and strengthens the company's position for strategic growth.

•3mo ago

Nixxy and Tachyon 9 Unveil $1 Billion Carbon-Conscious AI Data Campus Designed Around Hydrogen Power, Low-Water Cooling and U.S. Energy Security

Nixxy and its proposed merger partner Tachyon 9 unveiled the Nakota Data Campus, a $1 billion development in North Dakota designed to deliver up to one gigawatt of AI computing capacity powered by hydrogen and low-water cooling technology. The project aims to address grid constraints and environmental issues by using behind-the-meter hydrogen-capable turbines and closed-loop liquid cooling, potentially qualifying for U.S. clean hydrogen incentives. Initial operations of 120-150 megawatts are targeted for Q2 2027, subject to financing and the closing of the strategic combination, with Tachyon 9 contributing $64 million in assets to the venture.

•3mo ago

Tachyon9 Secures Offtake Agreement Supporting $156 Million Annual Revenue Platform and Up to 1 GW of Grid-Independent AI Infrastructure Powered by Abundant North Dakota Natural Gas

Tachyon9, the primary asset contributor to NIXX, executed an offtake agreement with Nidar Infrastructure for the planned Nakota AI Data Campus in North Dakota. The contract secures approximately $156 million in annual recurring revenue from the initial 100 MW phase, with a right of first offer for the remaining capacity up to 1 GW. At full buildout, the project targets up to $1.5 billion in annual revenue, leveraging behind-the-meter natural gas power to address the constraints of grid-dependent AI infrastructure.

•3mo ago

Tachyon9 Announces Strategic Partnership with Yotta Data Services Parent Nidar Infrastructure to Anchor Nakota AI Data Campus

Tachyon9 announced a binding 15-year Memorandum of Understanding with Nidar Infrastructure and its subsidiary Yotta Data Services to anchor the Nakota AI Data Campus. The partnership secures Yotta as the anchor customer for the initial 100 MW phase, generating approximately $156 million in annual contracted revenue and $2.34 billion in total revenue over the contract term. This deal serves as critical validation for the proposed combination of Tachyon9 and Nixxy (NIXX), aiming to create a public AI infrastructure platform with up to 1 GW of capacity. Yotta, a leading AI infrastructure operator in India with deep NVIDIA ties, is also pursuing a pre-IPO financing at a $4–6 billion valuation, highlighting strong market demand for such assets.

•3mo ago

Nixxy and Tachyon9 Position to Address Growing U.S. AI Infrastructure Capacity Shortfall

Nixxy is leveraging its strategic combination with Tachyon9 to address a critical shortage of power-ready AI data center infrastructure in the U.S. Tachyon9 is pursuing approximately $1 billion in capital investment, backed by projected offtake agreements, to build integrated power and compute facilities. The combined platform aims to bypass industry-wide delays by using behind-the-meter gas turbines, with a 120MW Phase 1 build slated for Q1 2027.

•4mo ago

Power, Not Chips, Is Now AI's Biggest Constraint: NASDAQ Firm Backs $1B Infrastructure Buildout as Nixxy, Inc. (NIXX) announces a binding LOI with Tachyon9 to Create a NASDAQ-Listed AI Hyperscale Infrastructure and Energy Platform.

Nixxy, Inc. (NIXX) announced a binding Letter of Intent with Tachyon9 Corporation to execute a strategic transaction creating a NASDAQ-listed AI hyperscale infrastructure and energy platform. The deal involves a planned $1 billion investment in the 620-acre Nakota Project in North Dakota, targeting 1 GW of capacity over 36 months, with the first 120 MW of compute power expected by Q2 2027. Tachyon9 will contribute approximately $64 million in hard assets and land rights. The transaction includes a planned $75 million private placement financing and a separate MoU for $5 billion in GPU financing. The combined entity will operate under the TACC brand, divest Nixxy’s legacy communications business, and focus on AI data centers and power infrastructure. The deal requires shareholder approval and definitive agreements.

•4mo ago