Fermi Says TensorWave Data Center Lease Missed Oct. 31 Closing Deadline
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Fermi Inc. said Tuesday its planned data center lease with TensorWave had not taken effect by the Oct. 31 closing deadline, leaving a 222-megawatt Texas project without an effective lease. Fermi said the closing conditions were not fully satisfied. As of the company’s Nov. 3 update, neither party had exercised a termination right, and the companies continued working toward closing. “Both Fermi and TensorWave remain committed to this lease, and we are continuing to work through the remaining conditions prior to close,” Fermi CEO Lee McIntire said. Fermi Campus 1 LLC and TensorWave TEX1 LLC entered the agreement Aug.
Source: TokenPost
