It'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 in 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 Nugabauer 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 Jacobo Ortiz Blaines and Anna Bofa, 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 Nugabauer and Rick Perry, Trump's old energy secretary, they're aiming to 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 makes its natural gas, nuclear, solar, and batteries to fuel AI and heavy industry. Even with a shareholder lawsuit brewing over a bail tenant, Fermi's doubling down on Matador, extending talks with Texas Tech to keep this.
Powerhouse Project charging ahead.