Fermi’s first tenant of massive Trump-named power project backs out of funding deal



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Shares of Fermi Inc. crumpled Friday after the company with links to President Donald Trump was surprised by some bad news from what was supposed to be the first tenant of its massive data-center power project in Texas.

For a company

FRMI that plans to be a real-estate investment trust — which generates income from its tenants — not having any tenants would be a big problem.


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