🟢 Fermi is trading 5% up today in after-hours trading after announcing a binding $6.5 billion TensorWave lease

Fermi is trading at $7.51, up +5.48%, after announcing its first binding customer lease with AI cloud provider TensorWave.

• The initial 15-year agreement supports 222 megawatts at Project Matador and represents approximately $6.5 billion in contracted revenue.
• Expansion rights could potentially exceed 650 megawatts.
• The move follows a 21.09% regular-session gain on August 11 while broader markets were modestly weaker; the lease is the clear company-specific catalyst, with financing and project guarantees remaining conditions.