Fermi America announces $6.5 billion contract with TensorWave

CARSON COUNTY, Texas (KFDA) - Fermi America announced today its first binding customer lease at its Project Matador campus in Carson County.

The agreement is with TensorWave Inc. and covers a facility supported by 222 megawatts (MW) of total facility power.

According to a news release, once fully delivered, the facility is expected to support tens of thousands of next-generation AMD Instinct GPUs for large-scale AI training and inference.

The lease is expected to generate around $6.5 billion in total revenue over the initial 15-year term.

The least also carries expansion rights for two additional data centers that would bring the partnership to a total of more than 650 MW.

“A lease of this size and this term is a tremendous vote of confidence in Fermi,” said Marius Haas, chairman of the board of directors of Fermi Inc. “In delivering this first binding agreement, we’ve now fulfilled the most important objective we shared with the market in May. The committed partner ecosystem of developers, guarantors, and financing providers are all industry-leading companies, and TensorWave is exactly the kind of anchor customer our project was designed for. I am incredibly proud of our team for executing the site buildout to date, and for delivering this agreement and advancing others that we expect to announce soon.”

The Texas Tech University System has supported the transaction and says this contract sends a strong signal about the potential of this project in the Texas Panhandle.