Market Chatter: Amazon Strikes 600-Megawatt Computing Power Deal With Fermi

MT Newswires Live11-14 05:19

Amazon.com (AMZN) struck a 600-megawatt power deal for computing power with Fermi (FRMI), the Texas-based data centre developer, on Thursday, The Financial Times reported Friday.

The agreement, which is set to begin next year, marks a significant reversal after talks between the two companies fell apart last December, according to the report.

Amazon is expected to build its own data centres on the site, with the deal including a $200 million pre-payment to fund construction, The Financial Times said.

Amazon and Fermi did not immediately respond to requests for comment by MT Newswires.

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