$FRMI

On Thursday, significant insider trading activity was reported for U.S. stocks. Pale Fire Capital bought $31.45M of Coursera (COUR) shares, while Liberty Energy (LBRT) CEO acquired $377K in stock. Flowco (FLOC) and Blackstone Mortgage (BXMT) also saw insider purchases. Galaxy Digital (GLXY) CEO bought $9.86M in shares. On the sell side, Fermi (FRMI) director sold $13.02M in stock, Hyatt (H) CEO sold $16M, and Ibotta (IBTA) saw $41.8M in sales. Snowflake (SNOW) director sold $14.62M in shares.

Fermi (FRMI) co-founder Toby Neugebauer urged the company to pursue an immediate sale and criticized the board's strategy. Shares rose on the news. Neugebauer warned against recapitalization, citing shareholder opposition.

NEUGEBAUER TOBY R sold 7,657,800 indirectly-held shares of Fermi Inc. (FRMI) at an average of $1.70 ($1.52–$2.04, $13.02M total) across 4 trades over 2026-11-03 to 2026-11-05. Filed jointly with Melissa A. Neugebauer 2020 Trust (10% owner).

Fermi Inc. (FRMI) may see a 19% stock price swing on its Nov. 12 earnings report, per Bloomberg options data. The company's stock has exceeded implied moves in 3 of 4 recent earnings announcements, with swings ranging from -25.6% to +32.6%.

Fermi Inc. (FRMI) filed an SEC Form 8-K — Submission of Matters to a Vote of Security Holders. Item 5.07. Submission of Matters to a Vote of Security Holders. Fermi Inc., a Texas corporation (the “Company”), held its 2026 Annual Meeting of Shareholders (the “Annual Meeting”) on October 30, 2026. There were 641,259,703 shares issued and outstanding and entitled to vote as o

Fermi Inc. (NASDAQ:FRMI, LSE:FRMI) and TensorWave TEX1, LLC missed the October 31, 2026 deadline for a data center lease. Both parties remain committed and are working to satisfy closing conditions. Fermi expects to provide updates during its earnings call next week. The lease, signed in August 2026, requires executing related documents, finalizing schedules, obtaining board approvals, and securing project financing.

Fermi (NASDAQ:FRMI) advanced Project Matador and shifted to a powered-land strategy after shareholders rejected two Class I director nominees. The company's auditor ratification was approved. Fermi focuses on AI and high-performance computing data centers, with Project Matador in Texas using mixed power sources. Chairman Marius Haas noted a quorum was present for the vote.

Rick Perry lost reelection to Fermi's board. Fermi, a data center company, saw shares drop 90% from peak. Perry's son owns ~10% of shares. Fermi denies Neugebauer's breach claims. Fermi plans to advance Project Matador. Perry holds 5% of shares, worth $41M.

Data centers are becoming a political issue ahead of midterm elections, focusing on their location, power usage, and cost allocation. Host Digital Inc.'s Chairman Shawn Matthews argues for smaller, community-integrated projects. Equinix Inc. (EQIX) raised 2026 guidance and highlighted grid cost partnerships. Fermi Inc. (FRMI) secured a lease for a Texas project. Soluna Holdings Inc. (SLNH) reduced debt, while Galaxy Digital Inc. (GLXY) financed a data center expansion.

NEUGEBAUER TOBY R sold 420,749 indirectly-held shares of Fermi Inc. (FRMI) at $3.04 ($1.28M total) on 2026-10-20. Filed jointly with Melissa A. Neugebauer 2020 Trust (10% owner).