NasdaqGS:FRMISpecialized REITs
Fermi (FRMI) Is Down 11.9% After Funding Massive Project Matador Build-Out For AI Power Demand
Fermi Inc., in partnership with the Texas Tech University System, recently arranged up to US$156.25 million in unsecured debt financing alongside a US$165.00 million equipment loan, while advancing permitting and regulatory filings for its large-scale Project Matador energy campus in Texas.
These moves, paired with a US$486.38 million net loss in 2025 and plans for up to ~17 GW of generation including nuclear, gas, solar, and batteries, highlight Fermi’s push to build a privately funded...