Fermi Posts $189 Million First-Quarter Loss as Project Investment Accelerates

Fermi (NASDAQ:FRMI) reported a net loss of $189 million for the first quarter of 2026 as the company continued to invest heavily in infrastructure development and expansion projects. The quarterly ...

Investment firm supports Fermi actions, opposes ex-CEO's plans

A shareholder backed the decisions of the current board handling the Project Matador AI campus, while Fermi's co-founder ...

Data center startup Fermi promised nuclear power for AI. But it couldn’t sign a single client

“Going from zero to a 17-gigawatt AI hyper campus in one leap before they had a single tenant or a dollar of project finance ...
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Fermi America Secures Siemens Energy Deal for 1.1 GW Gas and Nuclear Tech

Fermi America, in partnership with the Texas Tech University System, has signed two letters of intent with Siemens Energy to secure 1.1 gigawatts of gas-fired generation equipment and collaborate on ...

Fermi Flags AI Power Push as Q1 Loss Widens on Expansion Costs

Learn more Fermi America said it secured more than 2 gigawatts of power generation capacity and advanced permitting for ...

Fermi reports "uptick" in interest at Project Matador energy campus

Project Matador is Fermi's US hypergrid campus near Amarillo, Texas, aiming to power high-density AI data centers using a mix of natural gas, solar, and nuclear energy. Construction at the project is ...