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. (d/b/a Fermi America) (FRMI) appears frequently in news coverage related to large-scale energy development and artificial intelligence infrastructure. The company describes itself as pioneering next-generation private electric grids that deliver highly redundant power at gigawatt scale, centered on its 11 GW Project Matador campus in the Texas Panhandle.
News about FRMI often focuses on agreements that advance the build-out of Project Matador. Recent announcements include an Electric Service Agreement with Southwestern Public Service Company, a subsidiary of Xcel Energy, to provide up to 200 megawatts of electrical capacity to the campus, and a long-term capital lease with Mobile Power Solutions for GE TM2500 gas turbines to support the first 500 megawatts of generation capacity. These items highlight how Fermi America is assembling power supply and generation assets for its private grid campus.
Coverage also emphasizes environmental and community aspects. The company has announced a non-binding Memorandum of Understanding with MVM EGI to develop hybrid dry–wet cooling towers that prioritize air-based cooling and closed-loop water circulation, with the stated goal of conserving regional water resources. Additional news details agreements with the City of Amarillo and Carson County involving water supply, tax abatement, and a reinvestment zone linked to the 11 GW private grid campus.
Investors and observers following FRMI news can expect updates on regulatory milestones, such as preliminary approval from the Texas Commission on Environmental Quality for natural gas-based power generation, as well as shareholder communications like quarterly letters and earnings call information. This news stream provides context on how Fermi America is progressing with its private grid model for AI-related power demand and its interactions with partners, regulators, and local stakeholders.
Highland Global Allocation Fund (NYSE: HGLB) named Scott Johnson as a portfolio manager effective October 7, 2025, joining existing manager James Dondero.
On October 1, 2025 the Fund's net asset value rose 18.86% ($2.24), driven primarily by an investment in a data center REIT that converted from convertible preferred to common stock and listed on Nasdaq under ticker FRMI. The position was not large by weight but had an outsized impact on NAV following the IPO. The Fund will continue to follow its stated investment objective and strategies.