The former CEO wants to sell the company to make money for shareholders rather than move Fermi’s plans to fruition.

Former CEO Toby Neugebauer, also the company's largest shareholder, proposed selling Fermi as a strategic pivot to boost its value. ・Fermi said it had received significant positive feedback from ...

Fermi America, the AI data center company backed by former Gov. Rick Perry, is facing an assortment of financial and legal ...

The startup, co-founded by former U.S. Energy Secretary Rick Perry, has faced headwinds with its AI campus in Texas.

Neugebauer highlighted Fermi’s accomplishments, including Project Matador, while adding that a sale would be in the best interest of all shareholders. ・Project Matador is Fermi’s massive power campus ...

Fermi Inc. shares climbed sharply in early trading Wednesday, rising 13.14 percent to $5.72 as investors appeared to shake ...

In October, Fortune reported that former U.S. energy secretary and Texas governor Rick Perry’s AI power startup Fermi “went ...

The struggling AI power startup Fermi is losing both its CEO and chief financial officer as it launches a “2.0” reset to ...

Fermi Inc., a developer of energy and data center infrastructure for AI, reported a notable insider sale amid ongoing sector expansion.

NEWPORT — DTE Energy’s 40-year-old Fermi 2 nuclear power plant in Newport was granted its first license renewal. A 20-year license renewal was approved in 2016 by the U.S. Nuclear Regulatory ...

Fermi Inc. plunged more than 20% Monday after a management shakeup that included the abrupt departure of its chief executive ...

Former Texas Gov. Rick Perry’s energy infrastructure REIT has filed for an initial public offering as it looks to develop a nearly 6,000-acre data center and power generation campus outside of ...