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Fermi America’s 17GW Texas project stalls amid CEO departure and tenant uncertainty
Backed by allies of Donald Trump and carrying his name, the Texas AI campus is facing delays, leadership disruption and unresolved tenant agreements that are pushing back delivery timelines.
By João Marques Lima
Founder and Editor, The Tech Capital
5 Mins
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From left to right: Departing CEO Toby Neugebauer; interim CEOs Jacobo Ortiz and Anna Bofa. Photo: Fermi
Fermi Inc., operating as Fermi America (NASDAQ & LSE: FRMI), is facing mounting challenges in delivering its proposed large-scale data centre and energy campus in Texas, as delays, leadership changes and unresolved commercial agreements weigh on progress.
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João Marques Lima
Founder and Editor, The Tech Capital
4 Mins|June 03, 2026
4 Mins|June 03, 2026
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