🟢 Fermi is trading 4.6% up in pre-market after announcing a $6.5 billion TensorWave lease

Fermi is trading 4.6% up in pre-market at $7.45 after announcing a 15-year, approximately $6.5 billion lease with AI cloud provider TensorWave.

• The agreement covers 222 megawatts at Project Matador and is Fermi’s first binding customer contract.
• It strengthens commercial validation of Fermi’s Texas data-center campus.
• The deal follows an approximately 21% gain on August 11; second-quarter results are scheduled before the August 13 open.