Fermi America is rapidly advancing its ambitious Project Matador to build the world's largest private grid for AI, achieving significant milestones in land acquisition, power generation equipment, strategic partnerships, and financing. The company successfully completed its IPO, raising substantial capital to accelerate development and position itself as a key player in energy and AI infrastructure.
Successfully completed Initial Public Offering (IPO) raising approximately $785 million in gross proceeds, trading on Nasdaq and London Stock Exchange.
positiveSecured or under LOI approximately 2.2 gigawatts of gas-fired generation capacity, surpassing the initial 1-gigawatt 2026 target.
positiveCommenced 99-year campus lease with Texas Tech University System and began on-site development and construction work.
positiveExecuted a collaboration agreement with Westinghouse Electric Company for licensing and deployment of four AP 1000® reactors.
positiveSecured a $150 million Advance in Aid of Construction Agreement with a prospective investment-grade tenant.
positiveYear-to-date net loss of $353.2 million, primarily driven by non-cash charges including a $173.8 million charitable contribution and $111.6 million in fair value adjustments.
attentionYear-to-date cash used in operating activities was $8.3 million, with $99.3 million of restricted cash associated with the Macquarie Term Loan.
attentionSignificant portion of cash and cash equivalents ($99.3 million) is restricted, limiting immediate availability.
attentionMargin metrics will be available once backend extracts data from insights_json
Fermi America is building what we believe will be the world’s largest private grid in the Texas Panhandle, dedicated to supporting next-generation artificial intelligence at scale.
Our purpose is to pioneer next-generation private electric grids that deliver highly redundant, gigawatt-scale power for AI and high-performance computing, while leveraging low-carbon, clean energy sources.
We are answering the call to defend our country and Western Civilization against the national security threat of our time, securing America's energy and AI dominance.
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