Fermi Inc.
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- 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.
Company News
Fermi Provides Letter to Shareholders from CEO Lee McIntire on Financing Fermi's Next Chapter
The AI Data Center Race: 3 Stocks Cashing In Today and 1 Aiming to Next Year
The Data Center Doomsday Scenario
Insider Selling: Fermi (NASDAQ:FRMI) Major Shareholder Sells $10,257,500.00 in Stock
Insider Selling: Fermi (NASDAQ:FRMI) Major Shareholder Sells $4,086,180.00 in Stock
AMD's Support Could Help Fermi Stock Overcome Its Biggest Hurdle
The AI Data Center Race Heats Up: Three Winners Getting Paid Now, One Waiting for Next Year
Stock Market Today, Oct. 13: Fermi Surges 14% on AMD Credit Support for Project Matador
Fermi Signs Credit Support Agreement with AMD and Announces Partnership
Fermi Announces Third Quarter 2026 Earnings Release and Call Date
Fermi: The Risks Are Still Rising
Fermi Inc. (NASDAQ:FRMI) Stock Has Consensus Target Price of $20.67 According to Brokerages
Fermi (NASDAQ:FRMI) Hits New 1-Year Low – Here’s What Happened
Jim Cramer: This Real Estate Company 'Should Never' Have Gone Public
Fermi Selects NAES to Operate and Maintain Its Natural Gas Turbine Fleet
Fermi (NASDAQ:FRMI) Hits New 12-Month Low – Time to Sell?
Fermi Selects CBRE to Operate and Maintain Its First Data Center
Fermi and TensorWave Agree to Extend Closing Date to October 31, 2026
Toby Neugebauer Sues Three Fermi Directors, Alleging a Coordinated Effort to Take Control of Company and Disenfranchise Fermi Shareholders According to the Complaint
Texas Business Court Denies Former CEO's Request for Emergency Relief Against Fermi's Board