Hagens Berman Investigating Fermi Inc. (FRMI) as Shares Tank 33% Amid First Tenant Contract Termination
Fermi LLCFermi LLC(US:FRMI) Businesswire·2025-12-23 14:30

SAN FRANCISCO--(BUSINESS WIRE)--On December 12, 2025, investors in Fermi Inc. (NASDAQ: FRMI) saw the price of their shares crater about 33% after the company revealed that a prospective anchor tenant ("First Tenant†) for Fermi's Project Matador (the company's Advanced Energy and Intelligence Campus at Texas Tech University) terminated an agreement that would have advanced $150 million to help fund construction. The company has billed Matador as a multi-gigawatt energy and data center developmen. ...