Fermi Inc. signed a binding 15-year lease with TensorWave for a 222 MW facility at Project Matador in Carson County, Texas. The deal is expected to generate approximately $6.5 billion in contracted revenue. Fermi shares surged about 19.4% in post-market trading, with some after-hours prints showing gains as high as 35%. The announcement validates Project Matador after a collapsed deal with Amazon, marking a turning point for the company which has already invested over $1.5 billion in this 7,570-acre campus.
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