Fermi (#FRMI) announced that TensorWave will be the first customer for its Project Matador, securing a 15-year, 222 MW power lease with approximately $6.5 billion in projected lifetime revenue. Fermi also raised $431 million through 5% convertible notes, while its Hillcore alliance targets approximately 2.6 GW of additional power generation. Sector: AI Infrastructure / Power Generation Key Highlights ⚡ 222 MW power lease with TensorWave 📅 15-year agreement 💰 Approximately $6.5B projected lifetime revenue 💵 Raised $431M through 5% convertible notes 🔋 Hillcore alliance targets approximately 2.6 GW additional generation 🤖 Strengthens Fermi's AI data center power infrastructure position Why It Matters The long-term power agreement gives Fermi a major contracted revenue opportunity while positioning Project Matador to serve the rapidly growing electricity needs of AI data centers. Read More: https://www.thinksabio.com/reports/isr/FRMI