Fermi Inc. operates as a software company providing data center management and optimization solutions, including services relevant to Texas's growing data center infrastructure sector.
Referenced in 4 briefingsLast referenced: August 11, 2026
Fermi Inc. reset its narrative with a binding $6.5 billion, 15-year lease to TensorWave for 222 MW at Project Matador in Carson County, phased from 2H 2027, with expansion rights toward 650-plus MW still uncommitted and still subject to project financing and third-party guarantees.
Fermi Inc. CEO Toby Neugebauer stepped down with shares down 31 percent in extended trading and 78 percent since the October IPO, after the anchor tenant for the 11 GW Project Matador withdrew and triggered a class action.