A class action lawsuit has been filed against Fermi Inc., a company based in Amarillo, Texas, that develops grid-independent data centers powered by nuclear, natural gas, solar, and battery energy. The lawsuit covers investors who acquired Fermi securities between October 1, 2025, and December 11, 2025, including shares purchased during the company's initial public offering. The complaint alleges that Fermi misled investors about tenant demand for its Project Matador AI campus and the status of construction funding. It further claims that the company concealed the fact that financing for Project Matador depended on a single tenant's funding commitment, putting the project at significant risk if the tenant withdrew support. Investors have until March 6, 2026, to seek appointment as a lead plaintiff in the case.

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