FRMI — Fermi Inc. - Common Stock
Session close: $2.06. Regular-session share volume: 69,344,792. Change from previous close: +13.81%.
Key developments
Fermi reported a wider-than-expected quarterly loss with no revenue yet, but announced agreements with an undisclosed investment-grade hyperscaler to develop six hundred megawatts of capacity at Project Matador starting next year, including a large prepayment and early construction funding. A definitive long-term lease is still being negotiated.
Company news Why Is Fermi Stock Gaining Thursday? · Company news Fermi Inc. Reports Q3 2026 Results and Secures Hyperscaler Agreement for Project Matador
The company terminated its prior data-center lease and services agreement with TensorWave, along with related credit support, replacing a complex turnkey deal with a simpler direct hyperscaler arrangement that requires less of Fermi's own capital. Management said the new deal is larger and does not depend on third-party credit.
Company news Why Is Fermi Stock Gaining Thursday? · Company news Fermi Q3 2026 Earnings Call Transcript
News sources
Company news Why Is Fermi Stock Gaining Thursday? · Company news Fermi’s New AI Deal Softens the Blow of a $6.5 Billion Setback · Company news Intuitive Machines, Mobility Global, Fermi And Other Big Stocks Moving Higher On Thursday · Company news Fermi Q3 2026 Earnings Call Transcript · Company news Fermi Inc. Reports Q3 2026 Results and Secures Hyperscaler Agreement for Project Matador · Company news Fermi Announces Multiple New Agreements With Investment-Grade Hyperscaler To Advance 600 Megawatts Of Power Capacity At Project Matador · Company news Fermi Q3 EPS $(0.22) Misses $(0.09) Estimate · Company news Fermi Announces New Agreements with Investment-Grade Hyperscaler and Third Quarter 2026 Financial Results