Fermi Inc. Restructures for Project Matador

0:00It's April 20th, you're listening to U.S. News today, AI-powered national coverage. Fermi Inc. just announced a major leadership shake-up to level up their project Matador and West Texas. It's a 17-gigawatt data center campus sprawling across 5,800 acres, dubbed the Trump Advanced Energy and Intelligence Campus. They're dubbing this Fermi 2.0, moving from Startup Hustle to big league corporate structure for long-term wins. Co-founder Toby Nuga-Bauer stepped down as CEO, but stays on the board. Marius Haas took over as chairman, CFO Miles Everson resigned that role and joined the board with an interim CFO coming this week. Meanwhile, they've set up an office of the CEO, run by co-presidents Jockebo Ortiz Blains and Anabofa during the search for a new top dog. The company plans a new headquarters in Dallas and growth in Amarillo right by the site, co-founded by Nuga-Bauer and Rick Perry, Trump's old energy secretary, they're aiming

1:01to tighten governance and build partnerships. Texas Tech University System is still locked in, with Chancellor Brandon Creighton calling it a game changer for national security, energy, independence, and West Texas research. The project mixes natural gas, nuclear, solar, and batteries to fuel AI in heavy industry. Along with the shareholder lawsuit brewing over a bail tenant, Fermi's doubling down on Matador, extending talks with Texas Tech to keep this. Former House Project, charging ahead.