9Suppliers
30Customers
2Debt Items
20Related Chains

Source-Backed Evidence Depth

Fermi Inc. (FRMI) is shown with relationship data already present in ChainSifter's database. Counts below come from stored supply-chain records and filing/source URLs where available; missing source URLs are not filled in or estimated.

53Total relationships
4Distinct source URLs
26High confidence
0.762Average confidence
2026-09-13Latest database update
ChainSifter does not infer unreported suppliers, customers, ownership, acquisitions, debt exposure, revenue dependency, or future supply-chain events on this public page.

Fermi Inc. Suppliers

TickerNameConfidenceEvidence
TFC-UTILITIES-MANAGEMENT-LP TFC-UTILITIES-MANAGEMENT-LP 92% In 2025, we paid TFCU $1,332,177 under the Services Agreement, including a $750,000 discretionary bonus in connection with our initial public offering.
WESTINGHOUSE WESTINGHOUSE 92% Our nuclear facilities will rely heavily on Westinghouse and its partners for design compliance, engineering support, component manufacturing, and field commissioning.
CSG-INVESTMENTS CSG-INVESTMENTS 90% Beal Equipment Financing On March 26, 2026, Fermi Turbine Warehouse II LLC ("FTW II"), a Texas limited liability company and indirect wholly owned subsidiary of the Company, entered into an Equipment…
MUFG-BANK-LTD MUFG-BANK-LTD 90% The MUFG Equipment Financing enables the Company to fund the acquisition of three Siemens Energy F-class gas turbine units and related equipment for Project Matador.
SMERY SMERY 90% Proceeds of borrowings on the Closing Date in respect of Siemens Energy F-Class Equipment will be used, in part, to make a payment to Siemens Energy in an amount equal to $168,300,000 pursuant to the…
SMERY SMERY 90% Reciprocal relationship from SMERY graph: Reciprocal relationship from FRMI graph: Reciprocal relationship from SMERY graph: Reciprocal relationship from FRMI graph: Proceeds of borrowings on the Clo…
BEAL-BANK-USA BEAL-BANK-USA 85% Beal Equipment Financing On March 26, 2026, Fermi Turbine Warehouse II LLC, a Texas limited liability company and indirect wholly owned subsidiary of the Company ("FTW II"), entered into an Equipment…
CLMG-CORP CLMG-CORP 85% The Keystone Master Loan Agreement includes a minimum liquidity covenant of $ 20,000 , a mandatory prepayment requirement if an approved customer agreement has not been received by December 31, 2026,…
FIREBIRD-EQUIPMENT-HOLDCO-LLC FIREBIRD-EQUIPMENT-HOLDCO-LLC 80% Fermi Turbine Warehouse LLC, a Texas limited liability company and an indirect, wholly-owned subsidiary of the Company, entered into an Equipment Supply Loan Financing Agreement with Firebird Equipme…

Fermi Inc. Customers

TickerNameConfidenceEvidence
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: Reciprocal relationship from AMZN graph: Reciprocal relationship from FRMI graph: In addition, our focus on the AI in…
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% Reciprocal relationship from GOOG graph: Reciprocal relationship from FRMI graph: Reciprocal relationship from GOOG graph: Reciprocal relationship from FRMI graph: In addition, our focus on the AI in…
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…
META Meta Platforms, Inc. 92% Reciprocal relationship from META graph: Reciprocal relationship from FRMI graph: Reciprocal relationship from META graph: Reciprocal relationship from FRMI graph: In addition, our focus on the AI in…
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% Reciprocal relationship from MSFT graph: Reciprocal relationship from FRMI graph: Reciprocal relationship from MSFT graph: Reciprocal relationship from FRMI graph: Reciprocal relationship from MSFT g…
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”…
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% 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…
ORCL Oracle Corporation 92% Reciprocal relationship from ORCL 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…
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: Reciprocal relationship from XEL graph: Reciprocal relationship from FRMI graph: Reciprocal relationship from XEL grap…
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…
CORPORATE-CONVERSION-FERMI-INC CORPORATE-CONVERSION-FERMI-INC 62% for periods prior to the Corporate Conversion, refer to Fermi LLC, and, where appropriate, its consolidated subsidiaries and (ii) for periods after the Corporate Conversion, refer to Fermi Inc., and,…
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…
FERMI-EQUIPMENT-HOLDCO-LLC FERMI-EQUIPMENT-HOLDCO-LLC 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 …
FERMI-HIGH-VOLTAGE-WAREHOUSE-LLC FERMI-HIGH-VOLTAGE-WAREHOUSE-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…
FERMI-LLC-FERMI-INC FERMI-LLC-FERMI-INC 62% for periods prior to the Corporate Conversion, refer to Fermi LLC, and, where appropriate, its consolidated subsidiaries and (ii) for periods after the Corporate Conversion, refer to Fermi Inc., and,…
FERMI-TURBINE-WAREHOUSE-II-LLC FERMI-TURBINE-WAREHOUSE-II-LLC 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 …
FERMI-TURBINE-WAREHOUSE-LLC FERMI-TURBINE-WAREHOUSE-LLC 62% handle, a multi-phased development on a 5,236-acre site under a long-term ground lease that is designed to deliver up to 11 GW of predominantly private power generation capacity supplemented by stron…
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…

Fermi Inc. Debt Obligations

InstrumentDescriptionConfidenceEvidence
FRMI-DEBT-9643 Xbrl Convertible 90% xbrl convertible detail from xbrl 2025-12-31.
FRMI-DEBT Debt stack $1.0B 90% Market cache reports total debt of $1.0B.

Fermi Inc. Acquisitions

No acquisitions on recordNo completed or pending acquisitions found in our database for Fermi Inc..

Fermi Inc. Ownership

HolderNameConfidenceEvidence
FRMI-OWNER-CITADEL-ADVISORS-LLC CITADEL ADVISORS LLC 90% 13F overlay lists CITADEL ADVISORS LLC as top holder; 217 tracked holders.

Fermi Inc. Extended Supply Chain Network

TickerNameChain IndexHopsRelationship Types
VNORP Vornado Realty Trust 100.00 2
NVDA NVIDIA Corporation 100.00 2
ELC Entergy Louisiana, LLC COLLATERAL TR MT 100.00 2
OTEX Open Text Corporation 100.00 2
NBIS Nebius Group N.V. 100.00 2
RNG RingCentral, Inc. 100.00 2
EAI Entergy Arkansas, Inc. 1M BD 4.875%66 100.00 2
SWX Southwest Gas Holdings, Inc. 100.00 1 ['customer']
BTCW WisdomTree Bitcoin Fund 100.00 2
LGCB Linkage Global Inc 100.00 2
AMZN Amazon.com, Inc. 100.00 1 ['customer']
NWE NorthWestern Energy Group, Inc. 100.00 2
VERI Veritone, Inc. 100.00 2
SMERY Siemens Energy AG 100.00 1 ['customer', 'supplier']
EMP Entergy Mississippi, Inc. 1M BD 66 100.00 2
ETR Entergy Corporation 100.00 2
CRWV CoreWeave, Inc. 100.00 2
CGNT Cognyte Software Ltd. 100.00 2
ALAR Alarum Technologies Ltd. 100.00 2
META Meta Platforms, Inc. 63.48 1 ['customer']
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FRMI
Unlock FRMI Supply Chain Data
Verified relationships include:
TFC-UTILITIES-MANAGEMENT-LPTFC-UTILITIES-MANAGEMENT-LPSupplier92%
WESTINGHOUSEWESTINGHOUSESupplier92%
AMAZON-WEB-SERVICES-INCAMAZON-WEB-SERVICES-INCCustomer92%
AMZNAmazon.com, Inc.Customer92%
+38 more relationships locked
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