Fermi America’s Project Matador

Project Matador is Fermi America’s planned power and data center campus near Amarillo, designed to pair on-site generation with facilities for large computing customers.

Its progress depends not only on power and site infrastructure, but also on financing, construction, permits, and securing tenants. Governance has become part of that picture: co-founder and shareholder Toby Neugebauer sought a board change and strategic review while advocating continued leasing efforts. Together, these issues shape the project’s execution and the company’s decisions about its future.