Customers

Data-center capacity with on-site power.

A powered shell behind the meter. Delivery follows Fermi’s construction schedule, not an interconnection queue.

~6GW
Natural gas permitted by the TCEQ
~2.2GW
Turbines landed in Texas
222MW
First facility under binding lease
up to ~15M sq ft
Data-center capacity planned at full build-out
Delivery phasesGuidance, August 2026

How capacity is delivered.

Capacity is released as construction phases complete.

Phase 1, 2027Target (forward-looking)
~200 MW

First power

Grid-supplied first, then on-site generation to the anchor tenant from July 2027.

Phase 2, 2028Target (forward-looking)
~2.2 GW

Landed fleet in service

The nine turbines already in Texas, installed and generating.

Phase 3, ~2029Target (forward-looking)
~4.8 GW

Hillcore power center

If the Hillcore alliance reaches definitive agreements and is built.

Phase 4, full buildPlanned (forward-looking)
~17 GW

Full build, including nuclear

Subject to permits, land closings and financing. Nuclear in the 2030s if licensed.

How a lease is reached

  1. Expression of interestThe prospective tenant states the capacity required, the year it is needed and the density profile. Neither party is committed.
  2. Phase allocationCapacity is matched to a delivery phase against the construction schedule, with the status of each figure disclosed.
  3. Term sheet and leaseA data-center lease with phased delivery, in the structure of the first binding lease signed in August 2026.
Specifications

What a tenant is leasing.

  • The offerGeneration, switchyard, fiber and building under one lease with one landlord. Power reaches the hall from the campus switchyard, not from a public interconnection.
  • Generation~6 GW of natural gas permitted and ~2.2 GW landed in Texas. Four AP1000 units are docketed at the NRC. Solar and storage are planned and neither is permitted.
  • BuildingsDesigned for direct liquid cooling. The first facility, 222 MW, is designed to support tens of thousands of AMD Instinct GPUs per the lease announcement. Rack density, redundancy and floor loading are scoped per tenant and are not yet published.
  • FuelNatural-gas supply arrangement with Energy Transfer for up to ~300,000 MMBtu a day through the Transwestern interconnect; ~4.6 miles of on-site high-pressure pipeline installed.
  • WaterUp to 2.5 million gallons a day contracted from the City of Amarillo. Heat rejection is dry and hybrid at the plant and closed-loop in the halls, so compute growth does not scale water draw proportionally.
Campus switchyard, concept render
Leasing

How capacity is leased.

The TensorWave lease is the template: phased delivery against construction, a 15-year initial term running from the final phase, two five-year renewals, and expansion options. A tenant may also bring its own power configuration instead of taking Fermi generation.

Questions

Contact

Leasing inquiries.

Tell us the capacity and timing you need. Fermi scopes technical fit and delivery phases with each prospective tenant.

A submission is an expression of interest only. It creates no contract, reservation or commitment by either party.

Concept site

Concept site. This is an independent design study of how Fermi America could present itself online. It is not the official Fermi America website and is not published by Fermi Inc. Official sites: fermiamerica.com and investor.fermiamerica.com.

Fermi, doing business as Fermi America, is developing Project Matador, a private power grid and AI data-center campus in Carson County, Texas, near Amarillo.

Listings
Nasdaq: FRMI · LSE: FRMI
ISIN
US3149111086

Offices

Headquarters · 1845 Woodall Rodgers Fwy, Suite 1100
Dallas, Texas 75201
Project office · 620 S. Taylor St., Suite 301, Amarillo, Texas 79101

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Fermi America™ and HyperGrid™ are trademarks of Fermi Inc. (Nasdaq and LSE: FRMI). For authoritative disclosure, refer to Fermi Inc.’s filings with the U.S. Securities and Exchange Commission. Forward-looking statements and disclaimers