🟢 FRMI rallies 9.8% in pre-market following co-founder's confidence in Project Matador tenant deal, alongside positive executive testimony on water conservation
Fermi Inc.
FRMI shares are up 9.76% to $8.77 in pre-market today.
This follows co-founder Toby Neugebauer's letter expressing "high confidence" in an upcoming tenant deal for the Project Matador AI data center campus.
The positive sentiment is further supported by executive testimony on June 24, 2026, detailing advanced water conservation strategies for Project Matador, aiming for 80% less water usage than conventional methods.
