Fermi signs 15-year, $6.5B lease with TensorWave for Texas AI campus

Go back to Fermi signs 15-year, $6.5B lease with TensorWave for Texas AI campus

Fermi Announces Binding Lease Agreement with TensorWave

August 10, 2026 5:12 PM EDT

Intends to grow the partnership to more than 650 megawatts (MW) over three phases

First phase to deliver a complete turnkey data center solution with 222 MW beginning in the second half of 2027, representing approximately $6.5 billion in total contracted revenue

Fermi and TensorWave have lined up world-class partners to collaborate on the project and expect certain of the obligations under the lease to be guaranteed by one of the global leaders in AI

DALLAS, TX / ACCESS Newswire / August 10, 2026 /... More