Welcome to our dedicated page for Fermi news (Ticker: FRMI), a resource for investors and traders seeking the latest updates and insights on Fermi stock.
Fermi Inc., operating as Fermi America, develops private electric grids and site infrastructure for AI compute and high-performance computing customers. Its Project Matador campus is described as a gigawatt-scale private power platform combining private generation, grid power, powered shell buildings, substations, distribution networks, water and cooling systems, and related infrastructure.
Company news commonly covers Project Matador development, equipment and power infrastructure financing, potential tenant and partner activity, earnings releases, and governance matters. Recent updates also address board composition, executive leadership changes, shareholder solicitations, and strategic-plan disputes tied to the company's transition from startup-stage development toward a larger infrastructure enterprise.
Fermi (NASDAQ:FRMI)(LSE:FRMI) announced that three Siemens Energy SGT6-5000F natural gas turbines, totaling up to 780 MW in simple-cycle mode, have arrived at the Port of Houston for Project Matador, its advanced energy and AI campus near Amarillo, Texas.
The shipment is described as one of the project’s largest single power-equipment moves and supports phase two of the power buildout, alongside six SGT-800 turbines in phase one. Fermi has secured or leased 7,570 acres in the Texas Panhandle and invested over $1.4 billion in site buildout. Subject to binding tenant agreements, Project Matador is expected to ramp to approximately 1.5 GW through 2027 as part of a planned multi-source private grid for AI and advanced computing.
Fermi (NASDAQ & LSE: FRMI) plans to release its second quarter 2026 financial results on Thursday, August 13, 2026 at 7 a.m. Eastern Time / 12 p.m. British Time, followed by an earnings conference call at 9 a.m. Eastern / 2 p.m. British. According to Fermi, the earnings release and supplemental materials will be available in the Investors section of its website before the call.
Investors can join the live call by dialing 888-506-0062 in the U.S. or +1 973-528-0011 internationally and using conference code 587288. The call will also be webcast via the Investor Relations Events & Presentations page, with a replay accessible for one year.
Fermi America develops next-generation private electric grids at gigawatt scale, including the 11 GW behind-the-meter Project Matador campus designed to integrate natural gas, nuclear, utility grid power, solar, and battery storage to support hyperscale AI and advanced computing.
Fermi (Nasdaq:FRMI, LSE:FRMI) detailed the strategic rationale for its upsized offering of $431.25 million aggregate principal amount of 5.00% Convertible Senior Notes due 2031, which includes the full exercise of the initial purchasers' option for an additional $56.25 million.
According to Fermi, the notes are intended to strengthen its balance sheet, enhance liquidity and support execution of Project Matador as the company advances tenant agreements, strategic partnerships and power-delivery milestones. The notes have an initial conversion price of $9.52 per share (a 30% premium to the July 9, 2026 close) and are paired with capped call transactions that effectively raise the conversion price to $14.64 per share, a 100% premium.
Net proceeds were approximately $416.81 million, of which about $34.5 million will fund the capped calls and the remainder will be used for general corporate purposes. Fermi stated the five-year term to July 15, 2031, low coupon, lack of financial maintenance covenants and alignment with nearly $1 billion of existing commitments and more than $1.4 billion invested in Project Matador support parallel progress on multiple commercial tracks.
Summary not available.
Fermi (NASDAQ:FRMI, LSE:FRMI) priced an upsized private offering of 5.00% convertible senior notes due 2031 with an aggregate principal amount of $375 million, plus an option for initial purchasers to buy an additional $56.25 million. The notes are senior unsecured, pay interest semiannually starting January 15, 2027, and mature on July 15, 2031.
The initial conversion rate is 105.0862 shares per $1,000, implying a conversion price of about $9.52 per share, a 30% premium to the July 9, 2026 close of $7.32. Fermi entered capped call transactions that raise the effective conversion price to $14.64 per share (100% premium), aiming to avoid dilution below that level.
According to Fermi, net proceeds are expected to be about $362.25 million (or $416.81 million if the option is fully exercised), of which approximately $30.0–$34.5 million will fund the capped calls, with the remainder for general corporate purposes.
Fermi (NASDAQ:FRMI) plans a private offering of $350 million convertible senior notes due 2031 to qualified institutional buyers under Rule 144A, with a $52.5 million option for additional notes.
According to Fermi, proceeds will fund capped call transactions to limit dilution and general corporate purposes.
Summary not available.
Fermi (Nasdaq: FRMI) founder and largest shareholder Toby Neugebauer suspended his current proxy campaign to call a special shareholder meeting after the presiding Texas Business Court judge recused himself shortly before a key hearing, disrupting the timetable.
Neugebauer reports that over 70% of votes cast supported holding a special meeting, and he plans to continue pursuing governance changes through the courts while monitoring execution of Project Matador.
Summary not available.
Fermi (FRMI) announced a major agreement with Primoris Services to engineer, procure, and construct the balance of plant for the first six SGT-800 gas turbines in phase one of its power buildout at the Project Matador hyperscale campus in Amarillo, Texas.
The deal extends Primoris' earlier site work, aiming to compress timelines, de-risk delivery, and accelerate bringing the simple cycle Siemens 6x1 facility online as part of Fermi's 2.0 execution strategy.