Fermi Inc
fermiamerica.comWhat Do They Do?
Develops and leases data-center space and private power infrastructure for hyperscale computing users, cloud providers and AI infrastructure operators.
10-K for FY2025, filed Mar 30, 2026Fermi Inc. (“Fermi,” “we,” “us,” or “our”) exists to power the artificial intelligence needs of tomorrow. We are building a private power…View ↗
Our strategy is anchored by Project Matador, a hyperscale power and AI infrastructure campus in the Texas Panhandle region secured by our…View ↗
We are developing a powered campus model in which we control a 5,236-acre site in Carson County, Texas under a 99-year ground lease (the…View ↗
How Do They Make Money?
No revenue reported yet.
10-K for FY2025, filed Mar 30, 2026
Who Are Their Customers?
Targets hyperscale and other large computing users, including cloud providers and AI operators, as well as chipmakers and government or other enterprise users. They are expected to lease powered-shell campus space or land directly from Fermi.
10-K for FY2025, filed Mar 30, 2026We are developing a powered campus model in which we control a 5,236-acre site in Carson County, Texas under a 99-year ground lease (the…View ↗
For tenants that elect to develop their own facilities on our land, tenant payments are expected to include:View ↗
Our target customers are hyperscale and other large-scale compute users, including cloud service providers, AI infrastructure operators…View ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 14, 2026
−$25.8MView ↗
- ▲ +310% (Loss)
- vs −$6.3M in Q2 FY2025
-
Aug 31, 2026
Appointed Lee McIntire as chief executive officer
The appointment took effect on August 11, 2026.
Sources
8-K, filed Aug 31, 2026
On August 12, 2026, the Company announced that independent director Lee McIntire had been appointed as Chief Executive Officer of the…View ↗
-
Jul 23, 2026
Appointed Rob Masson chief financial officer
The CFO appointment took effect on July 22, 2026.
Sources
8-K, filed Jul 23, 2026
On July 20, 2026, the Board of Directors (the “Board”) of Fermi Inc. (the “Company”) appointed the following individuals as officers of the…View ↗
-
May 6, 2026
Removed and terminated the former CEO for cause
The company said the former CEO sought shareholder action to take control of the board.
Sources
8-K, filed May 6, 2026
DALLAS, May 5, 2026 /PRNewswire/ -- Fermi Inc. (NASDAQ: FRMI) (LSE: FRMI), operating as Fermi America™ (“Fermi” or the “Company”), today…View ↗
Loading...
