Fermi shares plunge on $486mn net loss
Data centre property group faces investor concerns around lack of tenant revenue
Data centre property group faces investor concerns around lack of tenant revenue

Company co-founded by former Trump energy secretary beset by setbacks including loss of $150mn Amazon investment

Publicly traded vehicles are trading at steep discounts in gloomy sign for broader industry

Lack of sufficient cover means some investors are walking away from deals

Data from investment bank Houlihan Lokey shows 92% opting to cash out

The sector remains untested in a severe or prolonged economic downturn

Tech shares extend recent declines as rising debt piles in many major economies concern investors