Fermi Finally Has Its First Customer With A Potential AI Leader Guarantor — Now Q2 Will Be The Next Real Test

Fermi Inc. has secured its first binding customer lease for its Project Matador campus in Texas, signing a 15-year agreement with AI cloud provider TensorWave. This deal involves 222 MW of capacity with expansion rights up to 650 MW, generating an expected $6.5 billion in revenue. The lease is anticipated to be guaranteed by a global AI leader, widely speculated to be Advanced Micro Devices (AMD), given its investment in TensorWave and the latter's exclusive use of AMD accelerators.