In September, Fermi, which is developing an 11-gigawatt data-center campus in the Texas Panhandle, said it had agreed to a nonbinding letter of intent with an investment-grade tenant to anchor the project. Neugebauer said the talks between Fermi and the tenant remain constructive, and that the ending of the AICA didn't indicate any breakdown in conversation. Analysts at Cantor Fitzgerald said in a note published December 12 that they had spoken to Fermi America's management and learned that, per the company, the anchor tenant "tried to make last-minute changes to the agreement pricing that were unacceptable to" Fermi.
Author: dcampbell+web@insider.com (Dakin Campbell)
Published at: 2025-12-17 23:42:18
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