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Fermi Inc. (FRMI) deepens losses while securing $6.5B AI lease and $431M notes

Fermi Inc. Appoints Lee McIntire as Interim CEO

Fermi Inc. has appointed existing director Lee McIntire as its interim CEO, effective August 11, 2026. McIntire's compensation package includes a $750,000 base salary, eligibility for a significant annual bonus, a monthly housing allowance, and standard severance. He also received $3 million in restricted …

Rick Perry’s Fermi Finally Finds a Customer for Its Giant Texas AI Power Bet

Fermi, a data-center and power startup co-founded by former Energy Secretary Rick Perry, has secured its first customer and appointed a new CEO, aiming to overcome recent legal and shareholder disputes. The company, which had a high-profile IPO last year, has been working to …

What Could Fermi (FRMI) Gain From Its CEO Change And Power Buildout Deal?

Fermi (FRMI) has appointed Lee McIntire as CEO and partnered with Hillcore for a 2.6 GW power facility on a Build-Own-Operate-Transfer basis to support its supply of power to AI and hyperscale customers. This strategic move aims to address project execution risks and financing …

Fermi Announces Second Quarter 2026 Results and Delivers on All Five 90-Day Objectives

Fermi Inc. announced its second quarter 2026 results, highlighting the successful completion of all five aggressive 90-day objectives. Key achievements include signing a binding agreement with TensorWave as their first anchor customer, appointing Lee McIntire as CEO, establishing a strategic alliance with Hillcore for …

Why Fermi Stock Is Down 10% Today

Fermi (NASDAQ: FRMI) reported Q2 results this morning, and investors didn't like what they saw. The Texan real estate investor and private energy grid operator celebrated a 15-year anchor customer, delivery of key infrastructure components, and nearly $417 million of debt-based financing in the …

Fermi Q2 Earnings Call Highlights

Key Points Interested in Fermi Inc.? Here are five stocks we like better. Commercial milestone: Fermi signed a binding agreement with TensorWave for up to 650 MW, starting with a 15-year, 222 MW commitment valued at approximately $6.5 billion in revenue. Construction and revenue …

Transcript : Fermi Inc., Q2 2026 Earnings Call, Aug 13, 2026

Fermi Inc. 2026 Q2 - Results - Earnings Call Presentation (NASDAQ:FRMI) 2026-08-13

Fermi Inc. Announces Q2 2026 Earnings and Files Form 8-K with SEC

Fermi Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026

Earnings Flash (FRMI) Fermi Posts Q2 Loss $0.04 a Share, vs. FactSet Est of $0.06 Loss

Fermi Inc. GAAP EPS of -$0.04 beats by $0.02

* Fermi Inc. press release [https://seekingalpha.com/pr/20617858-fermi-announces-second-quarter-2026-results-and-delivers-on-all-five-90-day-objectives] (FRMI [https://seekingalpha.com/symbol/FRMI]): Q2 GAAP EPS of -$0.04 beats by $0.02. * $91.7 million of total cash and restricted cash on hand. MORE ON FERMI INC. * Fermi Signs Its First Tenant, But Significant Execution Risks Remain [https://seekingalpha.com/article/4934650-fermi-signs-its-first-tenant-but-significant-execution-risks-remain] * …

Hillcore to build 2.6GW power complex at Fermi Matador site in US

Fermi, which operates as Fermi America, has signed a framework agreement with Hillcore Energy Capital for an approximately 2.6GW power complex at its Project Matador campus in Carson County, Texas. Under the arrangement, Hillcore will finance, construct, own and operate the facility, to be …

Fermi Names New CEO Ahead Of Earnings: Retail Says ‘FRMI 2.0 Off To A Great Start’

AI nuclear power firm Fermi finally has a new CEO

Fermi, an AI nuclear power firm, has appointed Lee McIntire as its new CEO, more than three months after the departure of co-founder Toby Neugebauer. McIntire, a current board member with previous CEO experience at CH2M Hill and TerraPower, will lead Fermi's Project Matador, …

Fermi Names McIntire CEO Four Months After Ousting Co-Founder

Fermi Inc. has appointed Lee McIntire as its new chief executive officer, four months after the company's co-founder was removed from the position. McIntire, who has been an independent director at the AI power firm since September, assumed the CEO role on Tuesday.

A $6.5 Billion Reason to Buy FRMI Stock Now

AI Infrastructure by FOTOGRIN via Shutterstock Fermi (FRMI) stock just went parabolic after the company announced a binding customer lease for Project Matador, its massive artificial intelligence (AI) data-center campus in Texas. Shares of the energy and infrastructure company jumped roughly 21% in trading …

FRMI Stock Price Prediction 2025-2026 | Fermi Inc. Forecast

Fermi Names Lee McIntire as Chief Executive Officer

Fermi Inc. has appointed Lee McIntire as its new Chief Executive Officer, effective August 11, 2026. McIntire, who has been an independent director on Fermi's Board since September 2025, brings over 40 years of experience in engineering, construction, and global infrastructure from companies like …

What date does Fermi Inc.'s (FRMI) report Earnings - Earnings Calendar & Announcement

Should I buy Fermi Inc. (FRMI)

Fermi Inc. (FRMI) Just Scored Its First Big Win. Now The Real Test Begins

Fermi Inc. (NASDAQ:FRMI) saw its share price jump by 21 percent on Tuesday to finish at $7.12 apiece, after officially bagging its first billion-dollar deal for its flagship development in Texas. In an updated report, the company said that it inked a definitive agreement …

Fermi rises on deal to add 2.6 GW power capacity at Texas AI campus

[Equipment in server room] Erik Isakson/DigitalVision via Getty Images Fermi (FRMI [https://seekingalpha.com/symbol/FRMI]) up 4.9% post-market Tuesday after announcing a framework agreement [https://seekingalpha.com/pr/20615841-fermi-and-hillcore-energy-capital-announce-2_6-gigawatt-power-strategic-alliance-for-project] with Hillcore Energy Capital in which Hillcore will finance, build, own, and operate the 2.6 GW Hillcore Power Center at Fermi's Project …

Fermi and Hillcore Energy Capital Announce 2.6 Gigawatt Power Strategic Alliance for Project Matador

Fermi Inc. has announced a strategic alliance with Hillcore Energy Capital Corporation to build and operate a 2.6 GW power complex at Fermi's Project Matador campus in Texas. This Build-Own-Operate-Transfer (BOOT) structure will double Fermi's power to market to 4.8 GW within approximately 30 …

Fermi announces $6.5B lease agreement at Project Matador AI campus

Fermi America has announced a binding lease agreement with TensorWave for its Project Matador AI campus near Amarillo, Texas. This 15-year agreement is expected to generate approximately $6.5 billion in revenue and will provide TensorWave with a 222-megawatt data center designed to support tens …

Fermi Finally Has Its First Customer With A Potential AI Leader Guarantor — Now Q2 Will Be The Next Real Test

Fermi Inc. (FRMI) has secured its first binding customer lease with AI cloud provider TensorWave for its Project Matador campus, a significant step towards becoming a large-scale AI power and data-center hub. The deal is for 15 years, covers an initial 222 MW, and …

RCS - Fermi Inc. - CORRECTION Fermi Announces Agreement w/ TensorWave

Fermi Inc. announced a binding lease agreement with TensorWave TEX1, LLC, a subsidiary of AI cloud provider TensorWave Inc. The agreement, valued at approximately $6.5 billion over 15 years for the first phase, involves Fermi providing a turnkey data center solution with 222 MW …

Fermi signs $6.5 billion lease for 'world's largest data center' after months of turmoil

Fermi Inc. has signed a significant $6.5 billion lease with AI cloud provider TensorWave for a portion of its Project Matador data center and power campus in the Texas Panhandle. This agreement, covering a 15-year term for a 222-megawatt data center, marks a crucial …

Fermi surges after securing first data center lease in $6.5B deal (FRMI:NASDAQ)

Fermi Inc. (FRMI) experienced a significant post-market surge of 19.4% after announcing it secured its first binding customer lease at its Project Matador campus in Texas. This deal is projected to generate approximately $6.5 billion in contracted revenue over an initial 15-year period, with …

Fermi secures first data center lease worth $6.5 billion

Fermi Inc. has secured its first binding customer lease at its Project Matador campus in Texas, valued at approximately $6.5 billion over an initial 15-year term. The lease is with TensorWave TEX1, LLC, a subsidiary of AI cloud provider TensorWave Inc., and covers a …

Why Fermi Stock Collapased 37.9% in July

Shares of Fermi (NASDAQ: FRMI) fell 37.9% in July, according to data from S&P Global Market Intelligence. The AI trade came to a halt in July, and power beneficiaries like Fermi crashed along with it. A company trying to build a private electric grid …

Renaissance Technologies LLC Buys 1,062,400 Shares of Fermi Inc. $FRMI

Renaissance Technologies LLC significantly increased its stake in Fermi Inc. (NASDAQ:FRMI) by 311.3% in the first quarter, acquiring an additional 1,062,400 shares to bring its total holding to 1,403,700 shares valued at approximately $8.2 million. This move comes amidst mixed analyst sentiment, with an …