contract value usdcommitted
$6.5BAs stated by Fermi ·
Approximately $6.5 billion total contracted revenue over the initial 15-year term, phase one, excluding renewals.
Fermi sourceDealscolocation lease
Fermi × TensorWave × AMD · Project Matador phase one lease
Amended since Agent-reviewed
Fermi signed a binding 15-year lease with TensorWave for phase one of Project Matador (222 MW of facility power, about $6.5 billion of contracted revenue), and on Oct. 13, 2026 signed a credit support agreement under which AMD supports that lease once construction is complete and rent starts.
Participants & roles
Terms as stated
Initial 15-year term with two 5-year renewals.
Announced
Figures as stated
facility capacity mwcommitted
222 MWAs stated by Fermi ·
Total facility power after the final delivery phase.
Fermi sourceit capacity mwcommitted
156 MWAs stated by Fermi ·
Critical IT capacity per the 8-K fact sheet.
Fermi (SEC Form 8-K) sourceterm yearscommitted
15 yearsAs stated by Fermi ·
Initial term.
Fermi sourceStatus history
- Amended from Signed
Fermi signs a credit support agreement with AMD supporting the phase one lease.
Fermi ↗Agent review