Fermi’s Project Matador Lands First Major Tenant in Landmark AI Power Deal
Fermi announces binding $6.5B lease with TensorWave for 222 MW AI data center at Project Matador. Expansion to 650 MW possible.
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OpenAI’s Huge 10GW Ohio Data Center Deal Lifts Fermi Shares
OpenAI plans a huge Ohio data center with Nvidia support, boosting Fermi stock as investors expect new big AI deals.
Fermi Stock Surges on “Multiple Prospective Tenants” at Project Matador
Fermi stock surged after Co-President Anna Bofa revealed strong tenant interest from hyperscalers at Project Matador.
Trump-Backed World's Largest Data Center Project in Crisis as CEO Abruptly Quits
Fermi’s huge Texas AI data center project faces delays, CEO quits, no major customer, stock drops, doubts over the massive build plan.
No Tenant, Huge Losses: Inside Fermi’s 2025 Shareholder Letter
Fermi reported a $486.4M net loss and zero revenue in its first year. Still no signed tenant for Project Matador AI power campus. Stock drops sharply.
Fermi America Teams Up with Hyundai to Restart Big Nuclear Power in the US
Fermi America is partnering with Hyundai E&C to build massive nuclear plants for Project Matador in Texas. This could power AI data centers and restart large-scale US nuclear construction.