StocksMedium•14 November 2026•
1 min read
Amazon Identified as Fermi Customer in 600 MW Data Center Power Deal
Key Facts
1Reports identified Amazon as the mystery hyperscaler that committed to 600 MW of capacity from Fermi.
2The deal includes a $200 million prepayment and a $15 million early construction agreement starting in 2027.
3Fermi shares surged as much as 42% following the identification of the customer before settling 27% higher.
Reports from the Financial Times identified Amazon as the hyperscale customer that committed to 600 MW of capacity from Fermi. The agreement includes a $200 million prepayment and a $15 million early construction deal set to begin in 2027, according to ZeroHedge.
Fermi shares surged as much as 42% following the identification of the customer before closing at $2.61 on November 13, 2026, a 27% increase. On the same date, Amazon closed at $266.66, while GE Vernova closed at $803.13 and Siemens closed at $154.23.