Mystery solved: Amazon is the tenant in talks with data center developer rocked by stock plunge

Amazon is the prospective tenant that withdrew funding from Fermi America's massive data-center project, sending the developer's stock plummeting earlier this month, Business Insider has learned. In September, Fermi, which is developing an 11-gigawatt data-center campus in the Texas Panhandle, said it had agreed to a nonbinding letter of intent with an investment-grade tenant to anchor the project. The tenant would take the first gigawatt of power across 12 facilities.On Friday, December 12, Fermi's stock ...