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Fermi Inc. signs 600MW power supply agreement with investment-grade hyperscaler

The Motley Fool +1 · ·by G4L

FRMI
FRMI Fermi Inc
$2.06 +13.81%
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  1. 1Fermi Inc. has signed a 600MW power supply agreement with an investment-grade hyperscaler.
  2. 2The company secured a $200 million advance payment from the investment-grade hyperscaler.
  3. 3Fermi Inc.'s cash and cash equivalents at the end of Q3 2026 are approximately $316 million.

So what's the key point?

Fermi Inc. signed a contract to supply power to a large-scale data center operator. This agreement includes a $200 million advance payment.

Source The Motley Fool +1 · View original ↗

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