Facility will support AMD GPU deployments once completed
Data center company Fermi America has signed a binding lease agreement with TensorWave for up to 650MW of data center capacity at its Project Matador site in Texas.
According to Fermi, the deal supports an initial 222MW of capacity beginning in the second half of 2027, but includes expansion rights for two additional data centers that would total 650MW.
Fermi's paradox
A new data center provider without data centers, now worth billions. Make it make sense
07 Oct 2025
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Fermi (FRMI) stock jumps 19% after securing a $6.5B, 15-year Project Matador AI data center lease with TensorWave.
