Data center REIT Fermi tumbles 40% after potential customer backs out of funding deal

Core Viewpoint - Shares of Fermi experienced a significant decline of 40% following the announcement that a prospective tenant had terminated a deal intended to fund construction at its Texas site [1] Company Summary - Fermi is a data center real estate investment company [1] - The termination of the deal represents a setback for the company's construction plans in Texas [1]