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Fermi Inc. Announces New Contract with Investment-Grade Hyperscale Customer and Q3 2026 Results

ACCESSWIRE +1 · ·by G4L

FRMI
FRMI Fermi Inc
$1.81 +17.53%
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  1. 1Fermi Inc. announced its Q3 2026 financial results and a new contract with an investment-grade hyperscale customer.
  2. 2An undisclosed commitment of approximately $200 million from an investment-grade hyperscale customer was committed to the development of 600 MW of power capacity for Project Matador.
  3. 3Fermi Inc. and TensorWave terminated a data center lease and service agreement signed in August 2026.

So what's the key point?

Fermi Inc. signed a new contract worth approximately $200 million with a large-scale customer. This contract will be used to build facilities that use power.

Source ACCESSWIRE +1 · View original ↗

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