AMARILLO, Texas, Aug. 29, 2025 /PRNewswire/ — Fermi America(TM), developing the world’s largest, behind-the-meter artificial intelligence private grid campus (the “HyperGrid(TM) Project”), in partnership with the Texas Tech University System, today announced the successful close of its $100 million Series C preferred equity financing round led by Macquarie Group (“Macquarie”), alongside the establishment of a $250 million senior loan facility, funded solely by Macquarie’s Commodities and Global Markets business, with $100 million drawn at close.
This financing marks a major milestone for Fermi America as it accelerates the velocity of execution of the HyperGrid(TM) Project, including securing long-lead supply chain assets, critical for America’s success in the AI race.
“Macquarie’s leadership in both our Series C and senior loan facility underscores their conviction that our speed of execution is based on our team’s experience in real-time power generation and construction,” said Fermi America Co-Founder & CEO Toby Neugebauer. “Like generations of entrepreneurs and workforces before us from this very region, we are delivering on energy promises made so that America can win again.”
“We are excited to be supporting Fermi America in the development of its power and data center platform,” said Joshua Stevens, Managing Director in Macquarie’s Commodities and Global Markets business. “Its distinctive strategy and ability to tap into near-term power solutions make it well placed to address the fast-growing needs of AI and other high-performance computing applications.”
The Series C equity round and senior loan facility provide a strong foundation for Fermi America to continue locking up global long-lead time items, adding subject matter experts and executers to the Fermi team, and constructing phase one of the HyperGrid(TM) Project.
Fermi America was advised by Cantor, Newmark, and Donovan & Co. Legal counsel for the transaction was provided by Haynes Boone, Latham & Watkins, and Vinson & Elkins L.L.P.