Despite being under a year old and having no revenue, Fermi America had a very successful initial public offering (IPO) this week. The company, which aims to provide data and power centers for ...

Fermi's shares opened 19 per cent above the offer price in their Nasdaq debut on Wednesday, valuing the data center real estate investment trust at $14.8 billion amid surging investor enthusiasm for ...

Fermi America, the company behind the planned 11GW data center mega campus in Amarillo, Texas, has signed two Letters of Intent (LOI) with Siemens Energy to support energy infrastructure build-out at ...

Amarillo residents urged city leaders at the Sept. 23 meeting to slow down and speak more openly about any potential water agreement tied to Fermi America’s proposed AI data and energy campus, warning ...

What does Rick Perry know about data centers? Enough to soon make him a very wealthy man. Fermi America, a real-estate investment trust (REIT) cofounded by the former Texas governor and Trump energy ...

Fermi America is launching an ambitious IPO to become a major power producer and data center landlord in Amarillo, TX. FRMI aims for 11 GW of generation capacity by 2038, featuring gas, nuclear, solar ...

Fermi, co-founded by former U.S. Energy Secretary Rick Perry, is targeting a $13.16 billion valuation in its U.S. initial public offering, it said on Wednesday, as the AI boom fuels spending on data ...

As the rise of artificial intelligence continues, companies operating in this space or relying on the technology are finding that they have two inextricable needs: data centers that can run and ...

Sept 24 (Reuters) - Fermi, co-founded by former U.S. Energy Secretary Rick Perry, is targeting a valuation of up to $13.16 billion in its U.S. initial public offering, it said on Wednesday, as the AI ...

AMARILLO, Texas, Sept. 24, 2025 /PRNewswire/ -- Fermi LLC (to be converted into Fermi Inc. prior to the effectiveness of its Registration Statement on Form S-11) ("Fermi America") announced today that ...