Fermi signs 15-year data center lease with TensorWave worth about $6.5 billion

Reuters2026/08/10 21:13

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Fermi signed a binding 15-year turnkey data center lease with TensorWave for 222 MW at its Project Matador campus in Texas.
Phase one is expected to generate about $6.5 billion in contracted revenue over the initial term.
Delivery is scheduled in phases starting in the second half of 2027, with first power targeted for 2026.
The lease includes expansion rights for two additional data centers, taking total capacity to more than 650 MW.
Closing is subject to customary conditions, including project guarantees and financing; some obligations may be guaranteed by a global AI company.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fermi Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202608101710ACCESSWRNAPR_____1205790) on August 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Fermi signs 15-year data center lease with TensorWave worth about $6.5 billion

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