Nixxy in talks to acquire Nakota AI infrastructure project

Nixxy, Inc. (Nasdaq: NIXX) said it is in negotiations with the developer of the Nakota project to procure the property and fund permits and approvals needed to advance the development, according to a press release from the company.

The New York-based company said it is also working toward a long-term global definitive agreement to acquire the entire Nakota project, a structure it said would give Nixxy a larger ownership stake than previously planned.

Nixxy also disclosed that a previously announced Letter of Intent related to a proposed transaction with Tachyon9 has expired and concluded.

The Nakota project is described as a planned AI infrastructure campus intended to integrate power generation, natural gas infrastructure, and digital infrastructure to support demand for artificial intelligence computing.

"Over the past several months, we have continued to evaluate the extraordinary pace of investment occurring across the AI ecosystem. That work reinforced our belief that the greatest long-term opportunity is not simply participating in individual transactions, but building a platform capable of developing, owning, financing, and operating the infrastructure that powers artificial intelligence," said Chairman and CEO David Kratochvil.

The company said it intends to continue development activities while evaluating strategic capital partners, customers, and infrastructure investors for the project.

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