Headquartered in Dallas, TX Fiscal year ends December NASDAQ: FRMI fermiamerica.com
Fermi Inc., operating as Fermi America, is a pre-revenue development-stage company building one of the world's largest advanced private power grids and AI campus sites. The company is developing Project Matador, an approximately 8,400-acre site in the Texas Panhandle designed to deliver behind-the-meter, utility-grade private power at gigawatt scale to support hyperscale AI and advanced computing workloads. The project integrates natural gas turbines from multiple OEMs (Siemens and GE Vernova), with plans to eventually incorporate combined-cycle natural gas generation, nuclear power, solar, and battery energy storage. Fermi has secured a 6 GW federal air permit with an additional 5 GW application filed, and envisions scaling up to 17 GW. The company has invested more than $1.5 billion in site buildout including natural gas pipelines, water distribution lines, and perimeter infrastructure. Fermi's commercial model centers on long-term turnkey lease agreements with data center and AI infrastructure customers, with its first binding agreement signed with TensorWave. The company trades on both NASDAQ and the London Stock Exchange under the ticker FRMI. Updated
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Fermi Inc., operating as Fermi America, is a pre-revenue development-stage company building one of the world's largest advanced private power grids and AI campus sites.
The Wall Street consensus 12-month price target for FRMI is $16.62.
