Tachyon9 Corporation said on June 15 it signed a binding 15-year memorandum of understanding with Nidar Infrastructure, parent of India hyperscaler Yotta Data Services, to anchor the first 100 MW of its planned Nakota AI Data Campus. The figure to fix on is the run-rate: at full utilization of that initial phase, Tachyon9 said the arrangement contemplates roughly $156 million in annual contracted infrastructure revenue. Carried across the stated 15-year term, that is the source of the company's ~$2.34 billion figure, a phase-one number, not a campus-wide one.
The figures, as stated
Every cell below is a company-stated figure or projection drawn from the release, not a reported result.
| Item | Company-stated figure | Scope |
|---|---|---|
| MOU term | 15 years (binding) | First-phase commitment |
| Annual contracted revenue | ~$156M | First 100 MW, at full utilization |
| Term total | ~$2.34B | First 100 MW over 15 years |
| First-phase capacity | 100 MW | Anchored by Nidar's U.S. affiliate |
| Full development target | Up to 1 GW | 10x the first phase |
| Tachyon9 contribution | ~$64M | Equipment + land-option rights |
| Tachyon9 LOI | Signed, entire 1 GW | Letter of intent, not contracted revenue |
The one math relationship that holds
There is a single internal relationship to check. Tachyon9 said the deal contemplates about $156 million in annual contracted infrastructure revenue at full utilization of the first 100 MW. Multiply that run-rate by the 15-year term and you get ~$2.34 billion, the figure the company attaches to the initial 100 MW deployment. The per-year number, the term, and the total are consistent.
What follows from that: the $2.34 billion is a 15-year cumulative figure for one-tenth of the stated capacity target. The "up to 1 GW" campus is the full development goal, ten times the first phase, and the company put no contracted-revenue number on the full gigawatt. The only signed dollar commitment is phase one; the 1 GW sits behind Tachyon9's signed letter of intent, which is an intent to develop, not booked revenue.
Signed versus proposed
The structure separates a binding piece from a proposed one. Nidar's U.S. affiliate is, per the MOU, expected to become the anchor customer for the first 100 MW while participating as an economic partner, the binding layer. Above it sits a proposed combination of Tachyon9 and Nixxy, Inc. (NASDAQ: NIXX), the public vehicle for the rollup, which management framed as intended to create a public AI-infrastructure company. That combination is proposed, not closed. Tachyon9 is contributing roughly $64 million in equipment and land-option rights into the NIXX transaction, plus the signed LOI covering the entire 1 GW.
The partner's stated scale
The counterparty is the scale story. Yotta is described as India's largest operator of NVIDIA GPU compute, holding an estimated 60-70% of the country's deployed GPU capacity. It is pursuing a pre-IPO financing targeting a roughly $4-6 billion valuation and a $600-900 million growth raise, investor-demand context the release supplies, not a valuation of this transaction. In February 2026, Yotta announced a $2 billion-plus investment to deploy 20,736 liquid-cooled NVIDIA Blackwell Ultra GPUs at its Greater Noida campus, paired with a four-year NVIDIA DGX Cloud engagement the company valued at over $1 billion and an allocation of 10,000-plus GPUs to India's IndiaAI Mission.
"This agreement is much more than a customer relationship," said Shahal Khan, Chairman and CEO of Tachyon9, framing it as a building block toward a publicly traded AI-infrastructure company. Darshan Hiranandani, Chairman of Nidar and Co-Founder of Yotta, described the NVIDIA tie as a co-development relationship rather than a vendor one; Sunil Gupta is Yotta's CEO.
The number that matters, and the caveat
Strip it down and the operative figure is $156 million a year, the stated run-rate that, over 15 years, produces the $2.34 billion phase-one total. Everything larger (the 1 GW campus, the $4-6 billion Yotta valuation, the multi-billion-dollar platform management describes) is a target, a projection, or a separate company's financing, not contracted revenue from this MOU.
The caveat: this is a binding MOU for a first phase plus a still-proposed Tachyon9-Nixxy combination, not a closed deal. The $156 million run-rate assumes full utilization of the first 100 MW; the $2.34 billion assumes that run-rate holds for the full 15 years. Those are the company's projections, attributed as such, and they should not be read as realized revenue.
Disclosure: NewsMeter is an independent financial-news publication. This article is editorial content and not investment advice. NewsMeter holds no position in the securities mentioned and was not compensated for this coverage. Figures are drawn from the company's press release.