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Fermi (FRMI) investor relations material
Fermi Investor presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Leadership and governance
Leadership team has deep experience in energy, technology, and project finance, with recent board expansion and an active CEO search underway.
New headquarters established in Dallas, TX, reflecting operational growth and strategic focus.
Project scale and infrastructure
Campus spans approximately 7,570 acres, making it one of the world's largest advanced energy and AI campus sites.
Infrastructure includes over 15 million sq. ft. of data center space, major natural gas pipelines within 20 miles, and extensive water and fiber access.
Project Matador has completed significant foundational work, including installation of natural gas and water lines, and site preparation for over 11 million sq. ft.
Power generation and permitting
Permitted for 6 GW of federal air capacity, with an additional 5 GW application filed; long-term scalability targets up to 17 GW.
Diverse generation portfolio includes gas and nuclear, with multiple turbine platforms secured and staged for deployment.
Closed-loop water system reduces water use by 80% compared to conventional cooling.
- Board urges shareholders to reject Neugebauer's bid, citing risk to value and ongoing progress.FRMI
Proxy filing22 Jun 2026 - Board urges shareholders to reject a disruptive Special Meeting and support ongoing strategic growth.FRMI
Proxy filing15 Jun 2026 - Shareholders are urged to reject Neugebauer's proposals and support current board leadership.FRMI
Proxy filing12 Jun 2026 - Shareholders are urged to support a Special Meeting to overhaul the Board and restore voting rights.FRMI
Proxy filing10 Jun 2026 - Board urges shareholders to reject Neugebauer’s proposals and support Fermi 2.0’s strategic direction.FRMI
Proxy filing3 Jun 2026 - Shareholders are urged to vote on a new board to pursue all options for maximizing value.FRMI
Investor update21 May 2026 - $189M net loss, $441M invested, and no revenue as AI power campus advances.FRMI
Q1 202620 May 2026 - Board strengthens governance to block former CEO's takeover bid and protect shareholder value.FRMI
Proxy filing18 May 2026 - Board urges shareholders to reject Neugebauer's proposals and support Fermi 2.0's strategic plan.FRMI
Proxy filing15 May 2026
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