Core Insights - Fermi, a Texas-based real estate investment trust focused on AI-driven power and data center infrastructure, has seen its stock rise over 25% to $26.27 following its IPO priced at $21 [1] Company Overview - Fermi plans to develop a 15 million square foot (approximately 1.3935 million square meters) power plant and data center on the Texas Tech University campus, named "Project Matador" [1] - The company has signed a long-term lease agreement for the site, and the project is currently in the planning stage [1] Project Details - Fermi aims to complete the construction of 1 million square feet (approximately 92,900 square meters) of data center capacity and deploy 1 gigawatt (GW) of power by the end of 2026 [1] - By 2038, the company's power capacity is expected to expand to nearly 11 GW, with energy sources including solar, natural gas, and nuclear [1] Financial Status - It is noteworthy that Fermi has not yet generated any revenue [1]
Fermi(FRMI.US)登陆美股市场 开盘涨超25%