Movement Alert｜Fermi Inc. Rises 21.8% in Regular Trading, Signs First Binding Lease Agreement at Project Matador

Market Focus08-11 21:32

On August 11, Fermi Inc. rose 21.8% in regular trading, trading at $7.055/share, with turnover of $44.0023 million.

On the news front, Fermi Inc. announced it has signed its first binding customer lease agreement at its Project Matador campus in Texas with TensorWave TEX1, a subsidiary of TensorWave. The lease covers a facility supported by 222 megawatts of total power once the final delivery phase begins, with an initial term of 15 years expected to generate approximately $6.5 billion in revenue for the first phase. The agreement also includes expansion rights for two additional data centers that would bring the partnership to more than 650 MW if exercised.

Project Matador's first power delivery is targeted for this year, with construction already underway and permits secured for approximately 6 GW of the planned 17-GW campus. Additionally, the company is scheduled to report its latest quarterly earnings on August 13 before market open, with consensus estimates projecting revenue of $184 million, representing a 46.26% year-over-year increase.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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