StocksMedium•13 October 2026•
1 min read
Fermi Signs Credit Support Agreement with AMD for Project Matador
Key Facts
1Fermi Inc. signed a credit support agreement with AMD to support a lease for phase one of its Project Matador energy and AI buildout in Texas.
2The project's first phase has a gross power capacity of 222 megawatts, consistent with the company's first customer lease announced in August.
Fermi Inc. signed a credit support agreement with AMD to support a lease for phase one of its Project Matador energy and AI buildout in Texas. ACCESS Newswire reported that the project's first phase has a gross power capacity of 222 megawatts, consistent with the company's first customer lease announced in August.
The agreement serves as a milestone for Fermi to secure project financing for its large-scale AI infrastructure in Carson County. Regarding stock performance, FRMI closed at $3.25 on October 12, 2026, having reached an intra-day high of $3.39 and a low of $3.2.