| AMAZON-WEB-SERVICES-INC |
AMAZON-WEB-SERVICES-INC |
92%
|
In addition, our focus on the AI infrastructure segment introduces unique risks due to the high concentration of demand among a small number of potential hyperscaler tenants, such as X.AI Corp. (“xAI… |
| AMZN |
Amazon.com, Inc. |
92%
|
Reciprocal relationship from AMZN graph: Reciprocal relationship from FRMI graph: In addition, our focus on the AI infrastructure segment introduces unique risks due to the high concentration of dema… |
| ANTHROPIC-PBC |
ANTHROPIC-PBC |
92%
|
In addition, our focus on the AI infrastructure segment introduces unique risks due to the high concentration of demand among a small number of potential hyperscaler tenants, such as X.AI Corp. (“xAI… |
| GOOG |
Alphabet Inc. |
92%
|
In addition, our focus on the AI infrastructure segment introduces unique risks due to the high concentration of demand among a small number of potential hyperscaler tenants, such as X.AI Corp. (“xAI… |
| GOOG |
Alphabet Inc. |
92%
|
Reciprocal relationship from GOOG graph: Reciprocal relationship from FRMI graph: In addition, our focus on the AI infrastructure segment introduces unique risks due to the high concentration of dema… |
| META |
Meta Platforms, Inc. |
92%
|
Reciprocal relationship from META graph: Reciprocal relationship from FRMI graph: In addition, our focus on the AI infrastructure segment introduces unique risks due to the high concentration of dema… |
| META |
Meta Platforms, Inc. |
92%
|
In addition, our focus on the AI infrastructure segment introduces unique risks due to the high concentration of demand among a small number of potential hyperscaler tenants, such as X.AI Corp. (“xAI… |
| MSFT |
Microsoft Corporation |
92%
|
In addition, our focus on the AI infrastructure segment introduces unique risks due to thehigh concentration of demand among a small number of potential hyperscaler tenants, such as X.AI Corp. (“xAI”… |
| MSFT |
Microsoft Corporation |
92%
|
Reciprocal relationship from MSFT graph: Reciprocal relationship from FRMI graph: In addition, our focus on the AI infrastructure segment introduces unique risks due to thehigh concentration of deman… |
| OPENAI-GROUP-PBC |
OPENAI-GROUP-PBC |
92%
|
In addition, our focus on the AI infrastructure segment introduces unique risks due to the high concentration of demand among a small number of potential of potential hyperscaler tenants, such as X.A… |
| ORCL |
Oracle Corporation |
92%
|
Reciprocal relationship from ORCL graph: Reciprocal relationship from FRMI graph: Reciprocal relationship from ORCL graph: Reciprocal relationship from FRMI graph: Reciprocal relationship from ORCL g… |
| ORCL |
Oracle Corporation |
92%
|
In addition, our focus on the AI infrastructure segment introduces unique risks due to the high concentration of demand among a small number of potential hyperscaler tenants, such as X.AI Corp. (“xAI… |
| X-AI-CORP |
X-AI-CORP |
92%
|
In addition, our focus on the AI infrastructure segment introduces unique risks due to the high concentration of demand among a small number of potential hyperscaler tenants, such as X.AI Corp. (“xAI… |
| FERMI-MOBILE-GEN-LLC |
FERMI-MOBILE-GEN-LLC |
85%
|
ontrolled by Mr. Neugebauer. MPS Pre-commencement Lease Amendment On April 13, 2026, Fermi Mobile Gen LLC, a wholly owned subsidiary of the Company, entered into the First Amendment (the "Amendment")… |
| XEL |
Xcel Energy Inc. |
72%
|
t-level debt raised through special purpose entities (“SPEs”) whose collateral may consist of specific power generation, energy infrastructure, or other campus assets and the associated tenant paymen… |
| XEL |
Xcel Energy Inc. |
72%
|
Reciprocal relationship from XEL graph: Reciprocal relationship from FRMI graph: t-level debt raised through special purpose entities (“SPEs”) whose collateral may consist of specific power generatio… |
| CAPE-COMMERCIAL-FINANCE-LLC |
CAPE-COMMERCIAL-FINANCE-LLC |
62%
|
utflows with available liquidity through the assessment period. Certain of the Company's near-term cash commitments, including obligations to post collateral and credit support in connection with cer… |
| CLMG-CORP |
CLMG-CORP |
62%
|
nd the applicable lender. Advances generally fund up to 80 % of the purchase price of the related equipment, with the remaining 20 % funded by HVW and/or its affiliates. As of the closing date, HVW h… |
| CONSTRUCTION-CO-LTD |
CONSTRUCTION-CO-LTD |
62%
|
d for accelerated energization by year-end 2026. The timing for this incremental 114 MW may extend into 2027, depending on regulatory approvals, SPS interconnection work schedules, generation plannin… |
| DOOSAN-ENERBILITY-CO-LTD |
DOOSAN-ENERBILITY-CO-LTD |
62%
|
d for accelerated energization by year-end 2026. The timing for this incremental 114 MW may extend into 2027, depending on regulatory approvals, SPS interconnection work schedules, generation plannin… |
| FIREBIRD-EQUIPMENT-HOLDCO-LLC |
FIREBIRD-EQUIPMENT-HOLDCO-LLC |
62%
|
pplicable lender. Advances generally fund up to 80% of the purchase price of the related equipment, with the remaining 20% funded by HVW and/or its affiliates. As of the closing date, HVW had funded … |
| KEYSTONE-NATIONAL-GROUP-LLC |
KEYSTONE-NATIONAL-GROUP-LLC |
62%
|
utflows with available liquidity through the assessment period. Certain of the Company's near-term cash commitments, including obligations to post collateral and credit support in connection with cer… |
| MACQUARIE-EQUIPMENT-CAPITAL-INC |
MACQUARIE-EQUIPMENT-CAPITAL-INC |
62%
|
Table of Contents Advances generally fund up to 80% of the purchase price of the related equipment, with the remaining 20% funded by HVW and/or its affiliates. As of the closing date, HVW had funded … |
| MAD-ENERGY-LIMITED |
MAD-ENERGY-LIMITED |
62%
|
tive. 5. Acquisitions Firebird Acquisition On July 29, 2025, the Company completed the acquisition of 100 % of the membership interests in Firebird Equipment Holdco from MAD Energy Limited Partnershi… |
| MUFG-BANK-LTD |
MUFG-BANK-LTD |
62%
|
utflows with available liquidity through the assessment period. Certain of the Company's near-term cash commitments, including obligations to post collateral and credit support in connection with cer… |
| OVERVIEW-FERMI-INC |
OVERVIEW-FERMI-INC |
62%
|
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations The following discussion and analysis of our financial condition and results of operations should be read… |
| PJM-INTERCONNECTION-LLC |
PJM-INTERCONNECTION-LLC |
62%
|
e or inability to comply with, local, state, federal and applicable international laws and regulations, including related to taxation, real estate and zoning laws, and increases in real property tax … |
| SIEMENS-ENERGY-INC |
SIEMENS-ENERGY-INC |
62%
|
nd the applicable lender. Advances generally fund up to 80 % of the purchase price of the related equipment, with the remaining 20 % funded by HVW and/or its affiliates. As of the closing date, HVW h… |
| SMERY |
SMERY |
62%
|
Reciprocal relationship from SMERY graph: Reciprocal relationship from FRMI graph: nd the applicable lender. Advances generally fund up to 80 % of the purchase price of the related equipment, with th… |
| SOUTHWESTERN-PUBLIC-SERVICE-COMPANY |
SOUTHWESTERN-PUBLIC-SERVICE-COMPANY |
62%
|
t-level debt raised through special purpose entities (“SPEs”) whose collateral may consist of specific power generation, energy infrastructure, or other campus assets and the associated tenant paymen… |
