Fermi
Dallas, Texas, United States · Artificial Intelligence, Biomass Energy, Energy
Fermi, co-founded by former U.S. Energy Secretary Rick Perry, is a Texas-based real estate investment trust (REIT) aiming to build one of the world’s largest data center campuses. It plans to integrate massive on-site power generation (nuclear, natural gas, solar) with data centers to support the booming demand from artificial intelligence (AI) workloads. Founded in January 2025, Fermi remains a d
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Key facts
- Headquarters
- Dallas, Texas, United States
- Employees
- 90
- Industries
- Artificial Intelligence, Biomass Energy, Energy
- Status
- Public (FRMI)
- Website
- fermienergy.com
- Company page
Recent activity at Fermi
- : SEC 8-K (7.01): On November 12, 2026, Fermi Inc. published an investor presentation on its investor relations website as part of a Regulation FD disclosure. This presentation is intended to inform shareholders and potential investors about recent developments and financial results. The investor presentation, dated November 12, 2026, is furnished as Exhibit 99.2 of the filing. The company emphasizes that the information provided should not be deemed 'filed' under certain sections of the Exchange Act but is critical for transparency to investors.
- : Fermi Inc. Appoints Lee McIntire as Chief Executive Officer
- : SEC 8-K (8.01): On October 16, 2026, Fermi Inc. announced that its subsidiaries, Fermi Turbine Warehouse LLC and Firebird Equipment Holdco LLC, entered into a Limited Waiver and Amendment No. 1 to the Equipment Supply Loan Financing Agreement with MUFG Bank, Ltd. This amendment waives the covenant requiring the Company to secure a lease or offtake arrangement for 400 MW by November 10, 2026, which would have led to additional principal payments of approximately $22 million in Q4 2026, $19 million in Q1 2027, and $15 million in Q2 2027. In connection with the Amendment, the Company paid amendment fees of $25 million, providing significant financial relief and flexibility going forward.
About Fermi: questions and answers
What does Fermi do?
Fermi, co-founded by former U.S. Energy Secretary Rick Perry, is a Texas-based real estate investment trust (REIT) aiming to build one of the world’s largest data center campuses. It plans to integrate massive on-site power generation (nuclear, natural gas, solar) with data centers to support the booming demand from artificial intelligence (AI) workloads. Founded in January 2025, Fermi remains a d
Where is Fermi headquartered?
Fermi is headquartered in Dallas, Texas, United States.
How many employees does Fermi have?
Fermi has about 90 employees.
What is the latest news on Fermi?
On Nov 12, 2026, SEC 8-K (7.01): On November 12, 2026, Fermi Inc. published an investor presentation on its investor relations website as part of a Regulation FD disclosure. This presentation is intended to inform shareholders and potential investors about recent developments and financial results. The investor pres
Is Fermi a public company?
Yes. Fermi is publicly traded under the ticker FRMI.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy