Fundz

Fermi

Amarillo, Texas, United States · Artificial Intelligence, Energy, Information Technology · 90 employees

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

Funding history

  • Funding Round — $165.0M — Mar 2026

Recent signals

  • Apr 20, 2026: Fermi Inc Appoints Jacobo Ortiz Blanes and Anna Bofa as Co-Presidents
  • Apr 19, 2026: SEC 8-K (5.02): On April 19, 2026, Fermi Inc. appointed Jeffrey S. Stein as a new Class II director of the Board, with his term set to expire at the 2027 annual meeting. Additionally, Miles Everson was confirmed as a Class III director, with a term expiring at the 2028 annual meeting. This strategic addition is aimed at enhancing the Board's expertise and oversight capabilities, aligning with the Company's growth initiatives. Mr. Stein brings valuable consultancy experience as Co-Founder and Managing Partner of Breakpoint Advisory Partners, which could benefit Fermi Inc. in its future projects and direction.
  • Mar 27, 2026: Raised $165.0M
  • Feb 19, 2026: SEC 8-K (1.01): On February 19, 2026, Fermi High Voltage Warehouse LLC entered into a Master Loan Agreement with Keystone National Group, LLC acting as the administrative agent and collateral agent for multiple lenders. The agreement provides for senior secured credit, where Keystone Private Income Fund serves as the initial lender. This transaction involves significant financing that could impact Fermi High Voltage Warehouse's operations and growth potential. The detailed terms, including the financial amounts were not specified in the content but it's notable that such agreements often indicate a strengthening of financial backing for ongoing or new projects.
  • Feb 10, 2026: SEC 8-K (1.01): On February 10, 2026, Fermi Inc. entered into a material definitive agreement with MUFG Bank, Ltd. for a strategic financing venture known as the MUFG Equipment Financing. This agreement supports Fermi's development of its AI-powered data center campus, Project Matador, located in Amarillo, Texas. The financing allows for the purchase of three Siemens Energy F-class gas turbine units and associated equipment, refinancing existing loans, and facilitating the construction and deployment of turbines within Fermi's fleet. The transaction is part of the company's capital plan aimed at enhancing its operational capabilities.

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