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 ...

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 ...