Matthew Sigel: FRMI rises 20 percent after AMD backs Project Matador lease; CIFR falls after $850 million bond

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FRMI jumps on AMD deal, CIFR falls on bond

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Matthew Sigel: FRMI rises 20 percent after AMD backs Project Matador lease; CIFR falls after $850 million bond — FRMI jumps on AMD deal, CIFR falls on bond

FRMI rose 20 percent following the announcement of a credit support agreement with AMD, supporting a lease for phase 1 of Fermi's Project Matador, which is set for 222MW.

Matthew Sigel also reported that CIFR declined 10 percent after announcing an $850 million convertible bond to support Barber Lake capital expenditures, with an option to upsize to $1 billion. He questioned why this move was not made when the stock traded at $17.

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Matthew Sigel previously criticized bankers involved in the failed Firmus $30 billion IPO, describing the outcome as positive for the data center sector. He also covered BTDR's move to secure an 8-year lease on a Malaysian site, locking in 333.5MW of their targeted capacity. Both stories reflect ongoing developments among major infrastructure players.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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