Yahoo Finance | EN590 Commodities

Crude Oil · 2026-05-15T02:21:03.000Z

Fermi America said it secured more than 2 gigawatts of power generation capacity and advanced permitting for roughly 11 GW of future development as the company pushes to build out its massive Texas AI and power infrastructure campus, even as quarterly losses widened amid aggressive expansion spending. The Dallas-based company, which trades as Fermi Inc.,reporteda net loss of $189 million for the first quarter of 2026, compared with a minimal loss in the year-earlier startup phase, driven largely by $134 million in non-cash share-based compensation and a $25 million debt extinguishment charge tied to repayment of its Macquarie term loan. Fermi said it ended the quarter with $243 million in cash and restricted cash and secured $785 million in new equipment financing facilities during the per

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