Add as a preferred source on GoogleFermi America Announces 600-Megawatt Capacity Deal With Hyperscaler
The agreement includes a $200 million upfront prepayment and early construction commitments. Fermi did not name the customer.
Fermi America announced a 600-megawatt capacity agreement with an unnamed investment-grade hyperscaler on Nov. 12, adding a customer commitment to its planned Project Matador campus in Texas.
The agreement includes a $200 million upfront prepayment and commitments tied to early construction and materials purchases. Fermi did not identify the customer.
Project Matador is planned for land leased from the Texas Tech University system. The campus could eventually generate up to 17 gigawatts of on-site power using nuclear, natural gas, solar and wind. The 600-megawatt agreement covers part of that potential capacity.
A previous $150 million tenant arrangement for the project collapsed in December 2025.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.