Fermi, TensorWave extend Project Matador data center lease closing to Oct. 31, 2026
FRMI•Remaining closing condition
The extension gives both sides more time to finalize an investment-grade guaranty tied to lease obligations, which remains a key closing condition.
Lease closing pushed back to Oct. 31, 2026
Fermi extended the closing date on its data center lease with TensorWave to Oct. 31, 2026 from Sept. 30.
The lease covers 222 MW at Project Matador and targets about $6.5 billion of expected revenue over the initial 15-year term.
