The new leadership at AI power startup Fermi is feuding with its fired CEO and top shareholder over a potential sale of the company.
The struggling Texas firm, which went public last year at a nearly $20 billion market cap, aspires to build the largest data center campus in the world, called Project Matador, in the Texas Panhandle, but it has struggled to nail down anchor tenants. Fermi is now advising against recommendations from its fired cofounder and CEO to sell the company.
