🟢 Fermi is trading 4.9% up today after announcing an approximately $6.5 billion TensorWave lease

Fermi is trading at $7.46, up +4.85%, after announcing a 15-year, approximately $6.5 billion lease with TensorWave.

• The binding agreement covers 222 megawatts at Project Matador and marks Fermi’s first customer contract.
• Expansion rights could take the partnership beyond 650 megawatts, reinforcing AI infrastructure demand.
• The stock follows Tuesday’s +21.09% close, with momentum continuing during August 12 trading.