Fermi Inc. Common Stock
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Toby R. Neugebauer
- Full Time Employees
- 35
- Sector
- Utilities
- Industry
- Regulated Electric
- Address
- 600 S. Tyler St., Suite 1501, Amarillo, TX 79101, USA Amarillo TX United States of America 79101
- IPO Date
- Oct 1, 2025
- CIK
- 0002071778
- Website
- fermiamerica.com
- Similar Companies
- Business
- Fermi Inc. Fermi Inc. (Nasdaq: FRMI) operates as a real estate investment trust (REIT) focused on developing advanced energy infrastructure and hyperscale data centers to power artificial intelligence applications at gigawatt scale. The company develops next-generation private electric grids, known as HyperGrids, delivering highly redundant, on-demand power through integrated sources including nuclear reactors, combined-cycle natural gas plants, utility grid connections, solar arrays, and battery energy storage systems; it leases data center space, powered shells, and on-site electricity services to AI hyperscalers, cloud providers, and computing-intensive tenants on its campuses. Fermi Inc. targets the U.S. market, primarily serving AI infrastructure needs with low-carbon, behind-the-meter power solutions that ensure grid independence and minimal downtime. Founded in 2025 and headquartered at 620 S. Taylor St., Suite 300, Amarillo, Texas, the company is led by CEO Toby Neugebauer and co-founded by former U.S. Energy Secretary Rick Perry. Its flagship Project Matador spans a 5,236-acre shovel-ready site under a 99-year lease with Texas Tech University System, planning 11 gigawatts of capacity and 18 million square feet of AI infrastructure, with 1 gigawatt targeted online by end-2026. Recent developments include an October 2025 initial public offering on Nasdaq at $21 per share; commencement of on-site construction for Project Matador in Q3 2025; acquisitions of power generation equipment such as a 487-megawatt combined-cycle gas plant from Siemens Energy and 157.5 megawatts of GE TM2500 turbines via Mobile Power Solutions; strategic partnerships with Westinghouse Electric for nuclear reactors, Hyundai Engineering & Construction, and Siemens Energy; execution of a $150 million advance in aid of construction agreement with its first prospective client; and ongoing discussions for over $4 billion in project financing as of late November 2025.
Fermi Announces Second Quarter 2026 Earnings Release and Call Date
Fermi Outlines Strategic Rationale for Upsized $431 Million Convertible Notes Offering
Neugebauer Addresses $375mm Convertible Note Offering that Resulted in Former Fermi CFO Miles Everson's Resignation from Fermi Board; Reaffirms Confidence in Company Securing Its Tenant
Neugebauer Addresses $375mm Convertible Note Offering that Resulted in Former Fermi CFO Miles Everson's Resignation from Fermi Board; Reaffirms Confidence in Company Securing Its Tenant
Neugebauer Addresses $375mm Convertible Note Offering that Resulted in Former Fermi CFO Miles Everson's Resignation from Fermi Board; Reaffirms Confidence in Company Securing Its Tenant
Fermi America Sinks 11.5% with $375 Million Offering
Fermi, Delta Air Lines And Other Big Stocks Moving Lower In Friday's Pre-Market Session
Fermi to raise $350m in note offering
Fermi to raise $350m in note offering
Fermi Inc. Prices Upsized Offering of $375 Million of Convertible Senior Notes - Dilution Offset Until $14.64 per Share
Fermi Inc. Announces Proposed Offering of $350 Million of Convertible Senior Notes with Capped Call Anti-Dilution Protection
Fermi Shareholders Send Clear Message They Do Not Support Former CEO's Special Meeting Proposal: Company Presses Ahead Executing Strategic Plan Without Distraction
Neugebauer Suspends Current Proxy Campaign While Leading with About 70% of Votes Recorded, Following Judge's Inexplicable Last-minute Recusal That Throws off Timeline for Strategic Process; Reaffirms
Fermi CEO Neugebauer suspends proxy campaign after judge's recusal
Neugebauer Suspends Current Proxy Campaign While Leading with About 70% of Votes Recorded, Following Judge's Inexplicable Last-minute Recusal That Throws off Timeline for Strategic Process; Reaffirms Confidence in Fermi's Future
Fermi: Betting On The Most Valuable Asset In The AI Race
Neugebauer Asks: What Is the Fermi Board Afraid to Say Under Oath? As Company Dismisses Litigation Prior to Discovery
Neugebauer Asks: What Is the Fermi Board Afraid to Say Under Oath? As Company Dismisses Litigation Prior to Discovery
Fermi Inc. (FRMI) Shareholder/Analyst Call Transcript
Fermi Selects Primoris Services Corporation to Engineer and Construct Balance of Plant for First Six SGT-800 Gas Turbines of Phase One Power Buildout