Fermi has signed an agreement with AI infrastructure company TensorWave for up to 650MW of data center capacity at a site known as Project Matador, according to Data Center Dynamics. The deal positions TensorWave to access large-scale compute capacity as demand for AI training infrastructure continues to outpace available supply. Financial terms were not disclosed, but the 650MW ceiling places the agreement among the larger capacity reservations reported this year.
A 650MW capacity agreement between two named companies signals that demand for purpose-built AI compute campuses is moving well beyond hyperscaler circles and into specialized AI infrastructure providers. Project Matador's scale will require substantial power procurement and could become a reference point for how emerging AI companies structure large infrastructure agreements.
Named companies Fermi and TensorWave, a specific 650MW figure, and the named project site triggered selection. The scale of the capacity agreement ranked this story above smaller construction and market items in this run.