London Stock Exchange welcomes Fermi America to the Main Market

The London Stock Exchange today welcomes Fermi Inc. ("Fermi" or the "Company"), (NASDAQ and LSE: FRMI), the Texas-based company, focused on developing electric grids that deliver on-demand power at the gigawatt scale required to create next-generation artificial intelligence (AI), in celebration of the Company’s admission today to the Main Market of the London Stock Exchange.

The team celebrating on the balcony at LSEG during the welcome ceremony.

Fermi successfully raised over $680m, giving it a valuation of close to $12.5bn.

Fermi America is pioneering the development of next-generation electric grids that deliver highly redundant power at gigawatt scale, required to create next-generation artificial intelligence.

Project Matador, a 5,236-acre site in Amarillo, Texas, plans to deliver up to 11 gigawatts of low-carbon, behind-the-meter power by building a HyperGrid™ that is expected to house one of the largest nuclear power complexes in America, with combined-cycle natural gas, utility grid power, solar power, and battery energy storage, to support the power needs of artificial intelligence at scale.

“We are delighted to announce our admission to trading on the Main Market today. The exchange is a natural fit for Fermi, given we are a global company with global partners, suppliers, and team members. With the exchange providing access to deep pools of international capital as well as investors who share our long-term vision, we look forward to working together to secure the future of AI. We are humbled and pleased with the strong investor demand in both the New York and London IPOs, and are already back to work, delivering long-term value for all of our stakeholders.”

Toby Neugebauer
CEO of Fermi

Fermi America Market Open Ceremony:

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