AI Power Darling Fermi Implodes After $150M Deal Collapses
6 days ago · The development has reinforced growing skepticism around the AI-power trade, particularly whether developers can translate early interest into binding, long-term contracts. …
Fermi drops as tenant terminates $150 million AI campus ... - MSN
Fermi (FRMI) shares sank as much as 43% on Friday after the power developer revealed that a tenant had canceled a $150 million agreement linked to its proposed Project Matador AI …
Fermi share price craters as tenant pulls back from $150m ...
3 days ago · Fermi’s share price tumbled on Friday after it revealed that the first tenant at its planned 11GW data center campus in Texas had pulled out of an agreement worth an initial …
Fermi Falls 51% After AI Campus Tenant Ends $150 Million Deal
6 days ago · Fermi Inc. plunged as much as 43% on Friday after the power developer, co-founded by former Texas governor Rick Perry, said a tenant terminated a $150 million agreement tied …
$150M Deal Fails at HyperGrid AI Project
Dec 12, 2025 · Fermi's $150M funding deal for its HyperGrid AI campus collapses, causing a 43% stock drop but the company remains hopeful about future plans.
Fermi stock crashes 40% as $150M funding deal collapses
6 days ago · Fermi shares plunge after a key tenant scraps a $150 million funding agreement for its Texas data-center project, raising early questions for the newly listed firm.
Fermi Stock Drops as Key Tenant Cancels $150M Texas AI Power ...
6 days ago · Fermi Inc. shares plummeted after a key tenant canceled a $150M funding agreement for its private AI power grid in West Texas, a major setback for the startup co …