Fermi Inc. said it fired its former chief executive officer after his actions threatened the company’s efforts to build what it describes as the world’s largest private power complex for data centers.
Fermi Inc. said it fired its former chief executive officer after his actions threatened the company’s efforts to build what it describes as the world’s largest private power complex for data centers.
US power-plant developer Fermi Inc. changed its rules around director appointments to block efforts by its former chief executive officer to reshape the company’s board.
US power-plant developer Fermi Inc. changed its rules around director appointments to block efforts by its former chief executive officer to reshape the company’s board.
Toby Neugebauer Photographer: Victor J. Blue/Bloomberg
Fermi Inc. has won the backing of its second-largest shareholder as its former chief executive officer seeks a special meeting to seize control of the data-center developer’s board.
Fermi Inc. has won the backing of its second-largest shareholder as its former chief executive officer seeks a special meeting to seize control of the data-center developer’s board.
Former Fermi Inc. CEO Toby Neugebauer at the company's initial public offering in New York, last year. Photographer: Victor J. Blue/Bloomberg
Toby Neugebauer, the ousted leader of Fermi Inc., is calling for a special shareholder meeting on May 29 to expand the nuclear data-center developer’s board and elect himself and several additional directors.
Toby Neugebauer, the ousted leader of Fermi Inc., is calling for a special shareholder meeting on May 29 to expand the nuclear data-center developer’s board and elect himself and several additional directors.
Toby Neugebauer, chief executive officer of Fermi Inc., speaks before ringing the closing bell during the company's initial public offering (IPO) at the Nasdaq MarketSite in New York, US, on Wednesday, Oct. 1, 2025. Fermi Inc. shares rose 55% in their debut after the energy real estate investment trust raised $682.5 million in its US listing, the latest sign of investors’ hunger for exposure to a boom in artificial intelligence.
The firm plans to power data centers on a grand scale but has struggled to secure clients.
Neugebauer, center left, and Rick Perry, center right, ringing the closing bell during the company's initial public offering at the Nasdaq on October 1, 2025. Photographer: Victor J. Blue/Bloomberg
Fermi Inc. plunged more than 20% Monday after a management shakeup that included the abrupt departure of its chief executive officer, potentially threatening its plans to build the world’s biggest private power grid for a data-center campus.
Fermi Inc. plunged more than 20% Monday after a management shakeup that included the abrupt departure of its chief executive officer, potentially threatening its plans to build the world’s biggest private power grid for a data-center campus.
Fermi Inc. signage at the Nasdaq MarketSite in New York.
Amazon.com Inc. canceled funding for Fermi Inc.’s massive artificial intelligence data center in West Texas, Business Insider reported on Wednesday.
Toby Neugebauer, chief executive officer of Fermi Inc., before ringing the closing bell during the company's initial public offering (IPO) at the Nasdaq MarketSite in New York, US, on Wednesday, Oct. 1, 2025.
Fermi Inc. plunged as much as 46% on Friday after the power developer, co-founded by former Texas governor Rick Perry, said a tenant terminated a $150 million agreement tied to its proposed artificial intelligence campus in West Texas.
Fermi Inc. plunged as much as 46% on Friday after the power developer, co-founded by former Texas governor Rick Perry, said a tenant terminated a $150 million agreement tied to its proposed artificial intelligence campus in West Texas.
Fermi Inc. signage during the company's initial public offering (IPO) at the Nasdaq MarketSite in New York, US, on Wednesday, Oct. 1, 2025. Fermi Inc. shares rose 55% in their debut after the energy real estate investment trust raised $682.5 million in its US listing, the latest sign of investors’ hunger for exposure to a boom in artificial intelligence.
Fermi Inc. plunged as much as 46% on Friday after the power developer, co-founded by former Texas governor Rick Perry, said a tenant terminated a $150 million agreement tied to its proposed artificial intelligence campus in West Texas.
Fermi Inc. plunged as much as 46% on Friday after the power developer, co-founded by former Texas governor Rick Perry, said a tenant terminated a $150 million agreement tied to its proposed artificial intelligence campus in West Texas.
Fermi Inc. signage during the company's initial public offering (IPO) at the Nasdaq MarketSite in New York, US, on Wednesday, Oct. 1, 2025. Fermi Inc. shares rose 55% in their debut after the energy real estate investment trust raised $682.5 million in its US listing, the latest sign of investors’ hunger for exposure to a boom in artificial intelligence.
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