Nixxy acquires EDGE data center and telecom assets

* Nixxy (NASDAQ:NIXX [https://seekingalpha.com/symbol/NIXX]) on Wednesday said it has acquired the EDGE data center assets of Everythink Innovations Limited, a telecom and edge infrastructure provider with existing operations in Freemont, CA and Vancouver, Canada.
* The transaction, valued at $3.65M in cash and stock, includes the acquisition of EIL's infrastructure and telecom assets, which includes more than $48M in contracted annual recurring revenue from wholesale data, VPN, and interconnect services, which will immediately add to Nixxy's July's $7.5M and factor into August's projected $10M revenue base.
* NIXX +5.82% premarket to $2.0.
* Source: Press Release [https://seekingalpha.com/pr/20199488-nixxy-inc-nasdaq-nixx-acquires-edge-data-center-and-telecom-assets-to-accelerate-ai]

MORE ON NIXXY

* Nixxy announces acquisition of Leadnova.ai platform assets from NexGenAI, reports $5.2M in May revenue [https://seekingalpha.com/news/4455363-nixxy-announces-acquisition-of-leadnovaai-platform-assets-from-nexgenai-reports-52m-in-may-revenue]
* Financial information for Nixxy [https://seekingalpha.com/symbol/NIXX/income-statement]