07:32 AM EST, 11/25/2025 (MT Newswires) -- Fermi America (FRMI) said Tuesday it is in discussions for more than $4 billion in project financing for its first tenant.

The company, which develops large-scale, private power grids, said the project financing is expected to be non-recourse financing through a special purpose vehicle.

Shares of Fermi America were up 2.7% in recent Tuesday premarket activity.