· Context
Fermi reports groundwater leases and on-site water pipeline in earnings update
In its fiscal-year 2025 update, Fermi said it had entered groundwater leases in Carson County and controlled up to 18.5 MGD of water supply, and had completed a 20-inch water pipeline across 7.2 miles of the campus and a water tank.[1]
Fermi America (Fermi, Inc.)
What the sources say
- ✓ Verified
Fermi America: Fermi said it had entered into groundwater leases in Carson County and controlled up to 18.5 MGD of water supply, and that a 20-inch water pipeline across 7.2 miles of the campus and a water tank were complete (company-reported).[1]
- Controlled supply mgd
- 18.5
- Pipeline miles
- 7.2
- ✓ Verified
Fermi America: Fermi said its letter of intent with an initial prospective tenant remained in place although that prospective tenant cancelled an advance-in-aid-of-construction agreement in fall 2025; Fermi had not announced any definitive tenant leases. It reported a 2025 net loss of $486.4 million, of which all but $44.6 million were non-cash charges, and $408.5 million in cash at December 31, 2025.[1]
- Net loss 2025
- $486,400,000
- Cash net loss
- $44,600,000
- Cash
- $408,500,000