Cartis diligence evidence schedule
Project Matador Data Center Campus
PRJ-0395 · Site · Texas Panhandle near Amarillo, Texas, United States
Record last updated Oct 28, 2026
Scope and capacity
On August 10, 2026, Fermi announced its first binding TensorWave lease for 222 MW of total facility power, with phased delivery targeted from the second half of 2027 and an initial 15-year term. The transaction remains subject to project guarantees and financing; closing and satisfaction of the separate Texas Tech conditions are not established. The 222 MW figure is total facility power, not IT load, and expansion rights are not additional committed capacity. Project Matador's data-center component is a tenant-gated powered-shell campus on Texas Tech-controlled land. Project Matador Data Center Campus is located in Texas Panhandle near Amarillo, TX, US and is a data center campus with site development underway and phased powered-shell delivery targeted.
Headline: Not established in published records
Numbers refer to their stated physical boundaries and are not added together. Source dates, claim dates and record updates have different meanings. Missing dates and locators are not inferred.
Claims and exhibit sources
Jump to a claim (8)
Leased site area · 5,236 acres
Actual · Project Matador Data Center Campus (Project)
Claim 36672 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated
- Fermi Form 10-Q for quarter ended March 31, 2026
U.S. Securities and Exchange Commission · Document date: May 14, 2026 · Primary
Source reference: SRC-2046 · Recorded authority: Official primary
Source URL
https://www.sec.gov/Archives/edgar/data/2071778/000207177826000032/frmi-20260331.htm
https://www.sec.gov/Archives/edgar/data/2071778/000207177826000032/frmi-20260331.htm
Expanded site area expected · 7,570 acres
Actual · Project Matador Data Center Campus (Project)
Claim 36673 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated
- Fermi Form 10-Q for quarter ended March 31, 2026
U.S. Securities and Exchange Commission · Document date: May 14, 2026 · Primary
Source reference: SRC-2046 · Recorded authority: Official primary
Source URL
https://www.sec.gov/Archives/edgar/data/2071778/000207177826000032/frmi-20260331.htm
https://www.sec.gov/Archives/edgar/data/2071778/000207177826000032/frmi-20260331.htm
- Project Matador current project website
Fermi America · Document date: Not stated · Corroborating
Source reference: SRC-2049 · Company announcement · Recorded authority: Party primary
Source URL
https://fermiamerica.com/
https://fermiamerica.com/
Planned compute space · 15 million square feet
Actual · Project Matador Data Center Campus (Project)
Claim 36674 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated
- Fermi Form 10-Q for quarter ended March 31, 2026
U.S. Securities and Exchange Commission · Document date: May 14, 2026 · Primary
Source reference: SRC-2046 · Recorded authority: Official primary
Source URL
https://www.sec.gov/Archives/edgar/data/2071778/000207177826000032/frmi-20260331.htm
https://www.sec.gov/Archives/edgar/data/2071778/000207177826000032/frmi-20260331.htm
- Fermi Form 10-Q describing Project Matador powered-shell campus
U.S. Securities and Exchange Commission · Document date: Nov 10, 2025 · Corroborating
Source reference: SRC-2056 · Recorded authority: Official primary
Source URL
https://www.sec.gov/Archives/edgar/data/2071778/000121390025109371/ea0263311-10q_fermiinc.htm
https://www.sec.gov/Archives/edgar/data/2071778/000121390025109371/ea0263311-10q_fermiinc.htm
Preliminary site development started · 2025
Actual · Project Matador Data Center Campus (Project)
Claim 36675 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated
- Fermi Form 10-Q for quarter ended March 31, 2026
U.S. Securities and Exchange Commission · Document date: May 14, 2026 · Primary
Source reference: SRC-2046 · Recorded authority: Official primary
Source URL
https://www.sec.gov/Archives/edgar/data/2071778/000207177826000032/frmi-20260331.htm
https://www.sec.gov/Archives/edgar/data/2071778/000207177826000032/frmi-20260331.htm
Vertical construction requires definitive tenant lease · True
Actual · Project Matador Data Center Campus (Project)
Claim 36677 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated
- Fermi Form 10-Q for quarter ended March 31, 2026
U.S. Securities and Exchange Commission · Document date: May 14, 2026 · Primary
Source reference: SRC-2046 · Recorded authority: Official primary
Source URL
https://www.sec.gov/Archives/edgar/data/2071778/000207177826000032/frmi-20260331.htm
https://www.sec.gov/Archives/edgar/data/2071778/000207177826000032/frmi-20260331.htm
Ttus notice to proceed required · True
Actual · Project Matador Data Center Campus (Project)
Claim 36678 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated
- Fermi Form 10-Q for quarter ended March 31, 2026
U.S. Securities and Exchange Commission · Document date: May 14, 2026 · Primary
Source reference: SRC-2046 · Recorded authority: Official primary
Source URL
https://www.sec.gov/Archives/edgar/data/2071778/000207177826000032/frmi-20260331.htm
https://www.sec.gov/Archives/edgar/data/2071778/000207177826000032/frmi-20260331.htm
First powered shell operations target · 2027
Actual · Project Matador Data Center Campus (Project)
Claim 36683 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated
- Fermi Form 10-Q for quarter ended March 31, 2026
U.S. Securities and Exchange Commission · Document date: May 14, 2026 · Primary
Source reference: SRC-2046 · Recorded authority: Official primary
Source URL
https://www.sec.gov/Archives/edgar/data/2071778/000207177826000032/frmi-20260331.htm
https://www.sec.gov/Archives/edgar/data/2071778/000207177826000032/frmi-20260331.htm
Phase zero one incremental capex over · $3 billion
Actual · Project Matador Data Center Campus (Project)
Claim 36685 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated
- Fermi Form 10-Q for quarter ended March 31, 2026
U.S. Securities and Exchange Commission · Document date: May 14, 2026 · Primary
Source reference: SRC-2046 · Recorded authority: Official primary
Source URL
https://www.sec.gov/Archives/edgar/data/2071778/000207177826000032/frmi-20260331.htm
https://www.sec.gov/Archives/edgar/data/2071778/000207177826000032/frmi-20260331.htm
Counterparties and capital
Fermi Inc. · Developer · CMP-0981
Texas Tech University System · Landowner · CMP-0982
This schedule captures public Cartis research. It is not a title, lien or legal-opinion report. Document page/section locators and claim review timestamps are included only when published; this version has no separate locator or claim-review-time feed.