# Fermi secures 600MW power agreement as TensorWave lease ends

_Published Friday, November 13, 2026 at 5:51 AM EST · Infrastructure · Latest · Tier 2 — Notable_

![Fermi secures 600MW power agreement as TensorWave lease ends — DCD](https://media.datacenterdynamics.com/media/images/Fermi_III.2e16d0ba.fill-1200x630.png)

Fermi says an investment-grade hyperscaler agreed to develop 600MW of power at its planned Project Matador campus in Texas, with $200 million up front and capacity beginning to come online next year. The customer is also providing $15 million for early construction and site development.

The customer has not signed a lease. Separately, Fermi and TensorWave terminated their agreement for up to 650MW of data center space, along with the associated AMD credit support agreement, leaving the campus without tenants.

Fermi and the hyperscaler are finalizing a separate $90 million agreement for structural steel and building materials.

## Sources

- [DCD](https://www.datacenterdynamics.com/en/news/fermi-does-600mw-power-deal-with-hyperscaler-but-tensorwave-lease-is-officially-dead/)

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Canonical: https://techandbusiness.org/newswire/hPNIIvstlOnquK41H8cp9x
Published: 2026-11-13T10:51:05.465Z
Story chronology: 2026-11-12T00:00:00.000Z
Retrieved: 2026-11-13T14:08:33.563Z
Publisher: Tech & Business (techandbusiness.org)