Nixxy Acquires EDGE Data Center Assets for $3.65M

Nixxy has acquired the EDGE data center assets of Everythink Innovations Limited for $3.65M in cash and stock. The acquisition includes existing operations in Fremont, CA and Vancouver, Canada. The move expands Nixxy's data center and telecom assets.

Nixxy Inc. (NASDAQ:NIXX), a technology company specializing in AI-powered business services, has announced the acquisition of EDGE data center assets from Everythink Innovations Limited. The deal, valued at $3.65 million in cash and stock, includes existing operations in Fremont, CA and Vancouver, Canada, significantly expanding Nixxy's data center and telecom assets [1].

The acquisition brings immediate access to Tier 3 infrastructure, enabling Nixxy to deploy AI-enhanced services and establish a cross-border platform for North American market expansion. The deal also includes $48 million in contracted annual recurring revenue (ARR) from wholesale data, VPN, and interconnect services, which will immediately add to Nixxy's July revenue and factor into its projected August revenue base [1].

Mike Schmidt, CEO of Nixxy, stated, "This strategic asset purchase is a transformative step forward for Nixxy. It accelerates our AI data infrastructure rollout and positions us with operational assets across two key North American data center hubs, while serving as the blueprint for future edge data center expansion in North America, Europe, and Asia" [1].

The acquisition marks a critical inflection point in Nixxy's strategic transformation into a global AI Data Infrastructure provider. It adds scale and operational maturity, significantly improving time to market for the company's AI-powered services and partnerships [1].

References:
[1] https://www.stocktitan.net/news/NIXX/nixxy-inc-nasdaq-nixx-acquires-edge-data-center-and-telecom-assets-a3s6hici3lw8.html