Fermi Inc.

Fermi Inc. is a real estate investment trust (REIT) specializing in advanced energy infrastructure and hyperscale data center development. Established in 2025 and headquartered in Amarillo, Texas, Fermi’s primary undertaking is Project Matador—a multi-gigawatt data center campus designed to deliver up to 11 GW of low-carbon, highly redundant, and on-demand power directly to tenants operating compute-intensive applications, particularly in artificial intelligence and cloud services. The project spans over 5,200 acres leased from Texas Tech University, with the campus engineered to provide up to 15 million square feet of dedicated AI computing space. Fermi’s energy strategy uniquely integrates natural gas, solar, and planned nuclear generation, enabling grid-independent operations and ensuring high reliability for critical computing infrastructure. By developing and operating both the power generation assets and the data center facilities, Fermi Inc. positions itself at the intersection of the rapid growth in AI computing and the escalating demand for reliable power supply. The company serves clients from nuclear, solar, and gas industries and is actively developing partnerships with technology and utility stakeholders, reinforcing its role as a foundational enabler in the U.S. digital infrastructure landscape.