I posted a bit ago about $NIXX as both a trading vehicle as well as a swing.
Here's an update that revisits the charts but, more importantly, takes a look at the entities behind the merger and how much sweat and treasure has already been deployed to make it happen. Small caps always seem to present a catalyst that gets us excited then leaves us in an infinite hurry up and wait cycle. The upshot here is these guys are getting things done and it doesn't look like that will be the case with this one.
[If you read through the project overview ](https://www.sec.gov/Archives/edgar/data/1462223/000168316826004843/nixxy_ex1001.htm)for the Nakota1 campus (which is sort of the centerpiece of the merger) the main takeaway you'll get as an investor is it isn't a hypothetical being thrown into a reverse-merger deck. For me, the amount of execution infrastructure already around this project eliminates the uncertainty I would typically have about an opportunity like this reaching fulfillment.
I'm pretty much persuaded that they have the right people in place at all points, from procurement to execution. **FX Solutions,** the company that shares the cover slide with $NIXX merger partner, [Tachyon9, ](https://tachyon9.net/)has a successful track record of massive hyper-scale buildouts in spite of tremendous regulatory friction. They previously developed the Atlas Power campus in Williams County, North Dakota, which was designed to scale to 700 MW. Now they are positioned around the proposed Nakota AI campus.
The investor materials also list Barnard Construction as EPC/civil contractor alongside 3 Forks Services, and Barnard has prior history with FX Solutions on high-power infrastructure projects, including the CryptoWatt facility in Montana and later the Atlas Power project in North Dakota. This is a veteran team who know how to work together. That inspires a lot of confidence.
But capital is the ultimate tell, to me it overrides anything you could say about the team or the timeline or scale or anything else. An they have deployed a lot of capital.
You can see in the attached image they have committed nearly $55M in equipment and materials, plus land and engineering investments bringing total reported project deployment to roughly $59.5M. If the project already has land, engineering, transformers, electrical equipment, and custom steel buildings tied to it, you know they mean business and aren't leaving anything to chance.
So the offtake agreement and the charts are what brought attention to the stock, but the deeper story to me is they have the land, equipment, engineering, contractors, prior operating experience, and a power-heavy data-center team already attached. It almost reads like project completion is a foregone conclusion and everything between now and completion is just formality.
In reality, there's still a lot of benchmarks between now and merger completion, but enough real-world execution has been demonstrated that this feels markedly less speculative to me than most of the merger I trade. It simply looks like a project that expects to get done.
For a chart update, the daily and hourly, 15, 5 & 1 minute are attached.
It's been a while since my first look but it has continued to be an incredible range player for me and, overall, I like the charts considerably more now. :-)
So we're past the potential of a one day spike, P&D, or any of that. The first takeaway always is the fact it did not round trip from the original surge.
Across the short time periods you can see repeated tests of the $1.60's and each rejection found buyers in the $1.40's. Today's bi-polar pullback occurred on dramatically lighter volume. The hourly 20 EMA is around $1.52, the 50 EMA is rising near $1.45, and the hourly RSI has cooled to neutral without destroying the uptrend. The daily remains well above its rising short-term averages and the reclaimed 200-day average. What all this means to me is, $NIXX might bee too good of a channel trader. :-) The tourists come, then the tourists go, but the price has remained elevated.
Keep in mind, it's holding up here and has built an upper-level trading range without any additional catalysts. And the merger process, as well as the Nakota project, will almost certainly provide many additional catalysts before completion.
This merger could be a windfall for $NIXX holders when the final PR drops. Until then, I'm enjoying the accumulation and digestion as it's helping me build my swing position.
Thanks and GLTA.