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 America (Nasdaq: FRMI) announced on Nov 6, 2025 that it executed an Advance in Aid of Construction Agreement (AIAC) for $150 million with its first prospective client in Amarillo, Texas. The agreement represents a secured capital commitment tied to a specific client project and marks the company’s first disclosed AIAC.
Fermi (Nasdaq: FRMI) will release its financial results for the third quarter ended September 30, 2025, on Veterans Day — Tuesday, November 11, 2025, and will host a live webcast and conference call at 9:00 AM ET.
Management participants include Toby Neugebauer (CEO), Miles Everson (CFO) and Rodrigo Acuna (Investor Relations). Investor materials, a shareholder letter, presentation slides and a replay will be posted at https://investors.fermiamerica.com. Live webcast and preregistration are available at https://www.webcaster5.com/Webcast/Page/3144/53163, with U.S. toll-free dial-in (888) 506-0062 and international +1 973 528 0011 (access code 606769).
Fermi America (Nasdaq: FRMI) announced that the Texas Commission on Environmental Quality granted preliminary approval for 6 GW of clean natural gas power on Project Matador's planned 11 GW HyperGrid campus in the Texas Panhandle.
The approval, subject to a formal meeting and public input, enables Fermi to site one of the world’s largest clean natural gas facilities, remove 6 GW of AI-driven demand from the public grid, and begin installing generators that are en route with initial online targets in 2026. Fermi says the campus will integrate solar, hybrid cooling, and meet federal and state air quality standards.
Fermi America (Nasdaq: FRMI) entered a 20-year capital lease with Mobile Power Solutions for seven GE TM2500 gas turbines totaling 157.5 MW of nameplate capacity to support Project Matador's initial 500 MW of generation. The turbines will be delivered in Q4 2025 and enter commercial operation in early 2026, forming part of the HyperGrid campus' fast, dispatchable power stack alongside nuclear, solar, and battery storage.
The agreement establishes a long-term strategic partnership and contemplates collaboration on future TM2500 acquisitions to help meet rising AI-driven power demand on the 11 GW private grid.
Fermi America (Nasdaq: FRMI) announced partnerships with the City of Amarillo and Carson County to support an 11GW private energy campus in the Texas Panhandle.
Key terms include a 10-year tax abatement and reinvestment zone approved by Carson County, a 20-year water agreement with Amarillo to supply up to 2.5 MGD at a rate set at 2x Amarillo taxpayers, company-funded infrastructure, and a non-binding MoU to scale to 10 MGD in future phases. The project includes collaboration with the Texas Tech University System and emphasizes local jobs, investment, and regional economic diversification.
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.