Fermi Inc.: the history behind its technology business

Fermi Inc. is a very young company: it was formed in Texas as Fermi LLC on 10 January 2025 and converted to a corporation in September 2025 as part of its public-market reorganisation.

How Fermi Inc. developed

During its first year it pursued Project Matador, a large energy and data-centre campus in the Texas Panhandle designed around the heavy power requirements of next-generation AI computing. The company completed a dual-listed initial public offering in 2025.

Fermi Inc. in 2026

By 2026, Fermi was developing power and data-centre infrastructure intended for large-scale AI and high-performance-computing tenants rather than operating as a conventional mature technology vendor.

Why the history matters

Its short history reflects a new infrastructure theme: AI deployment is increasingly constrained not only by processors but by land, power generation, grid connections, cooling and data-centre construction.

This profile was checked against company disclosures, regulatory filings and reputable independent or industry sources where applicable. Information reflects public material available on 18 September 2026.