--- title: "Project Matador / HyperGrid (Fermi America; TensorWave first tenant), Amarillo (Carson County), Texas, US — campus ledger — The AI Compute Race — DRYBURGH · The Compute Economy" source: https://dryburgh.com/vol1/ledger/project-matador-hypergrid description: "Project Matador / HyperGrid: not yet due. 0 MW evidenced, end of August 2026 reading; first power promised by 31 December 2026." --- # Project Matador / HyperGrid (Fermi America; TensorWave first tenant), Amarillo (Carson County), Texas, US Fermi America; TensorWave first tenant Project Matador / HyperGrid (Fermi America and TensorWave first tenant; Amarillo (Carson County), Texas, US) was promised first power by 31 December 2026; at the end-of-August 2026 reading the public record evidences 0 MW of IT load. The book’s verdict: not yet due. From *The AI Compute Race*. [Read the book](https://dryburgh.com/vol1#buy) Download this campus: [CSV](https://dryburgh.com/vol1/data/ledger-project-matador-hypergrid.csv) · [JSON](https://dryburgh.com/vol1/data/ledger-project-matador-hypergrid.json) Announced or estimated (IT load) not on file Evidenced power (IT load), end of August 2026 0 MW The book’s verdict Not yet due The ledger’s reading is the end of August 2026: the promises and the states as they stood then. Each row’s evidence carries its own date, printed on it. The promise and the record, on one line. The book’s verdict: **Not yet due**. - Evidence read 13 August 2026 - Today Nov 2026 - Promised 31 December 2026 ## The announcement **Announced or estimated capacity (IT load):** not on file **Where the announcement was read:** [sec.gov](https://www.sec.gov/Archives/edgar/data/2071778/000207177826000046/fermi2q2026investorprese.htm) **When it was read:** 13 August 2026 ## The promise **Promised by:** 31 December 2026 **What was promised:** first power **Where the promise was read:** [sec.gov](https://www.sec.gov/Archives/edgar/data/2071778/000207177826000046/fermi2q2026investorprese.htm) ## At the close of the record **Evidenced power (IT load), end of August 2026:** 0 MW **Where the evidence was read:** [sec.gov](https://www.sec.gov/Archives/edgar/data/2071778/000207177826000046/fermi2q2026investorprese.htm) **When it was read:** 13 August 2026 **The book’s verdict:** Not yet due ## The book’s note 17,000 MW is a private-power plan, not IT; the first tenant is 222 MW of facility load, due H2 2027. First power in 2026 (the August 2026 compilation; the August 2026 compilation’s table of promised dates, row 1, has 86 MW of grid service in H2 2026). An IT figure would need Fermi’s own critical-load statement. Fermi’s 10-Q of 14 August 2026 gives the lease’s target delivery dates, the end of 2027 to 1 February 2028, and its closing condition, project financing by 30 September 2026. After the close: the fact sheet Fermi furnished to the SEC on 14 October 2026 (Exhibit 99.1 to its Form 8-K) gives 156 MW critical IT capacity of 222 MW total power for the first tenant’s phase alone, delivery from late 2027; the announced cell keeps its state at the close. Fermi’s own filings had moved the promise before the close: the IPO prospectus of 1 October 2025 said the company intended to “deploy at least 1.1 GW of power by the end of 2026” with “a target date to commence operations of March 2026”; the 10-K of 30 March 2026 said “86 MW expected to be energized in the second half of 2026” and Phase 1 “substantially completed upon initial tenant energization and commissioning readiness” expected “during the first half of 2027”. ## Also **Who is involved:** - developer [Fermi America](https://dryburgh.com/vol1/parties/fermi-america) - tenant [TensorWave](https://dryburgh.com/vol1/parties/tensorwave) ## Filings that bear on it - [Fermi Inc., Form 8-K of 14 October 2026, Exhibit 99.1, “The TensorWave Lease” fact sheet](https://dryburgh.com/vol1/filings/fermi-8k-ex991-tensorwave-oct26) Fermi’s fact sheet of 14 October 2026 describes TensorWave’s binding 15-year phase one lease of 222 megawatts, $6.5 billion of contracted revenue, backed by AMD credit support that begins once construction is complete and rent starts. ## Campuses near it in the ledger - [Stargate Shackelford / Frontier](https://dryburgh.com/vol1/ledger/stargate-shackelford-frontier) Texas, US - [Stargate Milam County](https://dryburgh.com/vol1/ledger/stargate-milam-county) Texas, US - [Stargate Abilene](https://dryburgh.com/vol1/ledger/stargate-abilene) Texas, US - [Helios](https://dryburgh.com/vol1/ledger/helios) Texas, US ## Questions about this campus **Is Project Matador / HyperGrid energized?:** Project Matador / HyperGrid (Fermi America and TensorWave first tenant; Amarillo (Carson County), Texas, US) was promised first power by 31 December 2026; at the end-of-August 2026 reading the public record evidences 0 MW of IT load. The book’s verdict: not yet due. **When was Project Matador / HyperGrid promised to be energized?:** Project Matador / HyperGrid was promised first power by 31 December 2026. **Who is building Project Matador / HyperGrid?:** Fermi America (developer), TensorWave (tenant). - [Tests](https://dryburgh.com/vol1/tests) - [Scorecard](https://dryburgh.com/vol1/scorecard) - [Data](https://dryburgh.com/vol1/data/releases) - [Chapter by chapter](https://dryburgh.com/vol1/companion) - [The record at a glance](https://dryburgh.com/vol1/observatory) - [The machine](https://dryburgh.com/vol1/machine) - [One campus, four futures](https://dryburgh.com/vol1/hyperion) - [Glossary](https://dryburgh.com/vol1/glossary) - [People](https://dryburgh.com/vol1/people) - [Sources](https://dryburgh.com/vol1/sources) - [Notes](https://dryburgh.com/vol1/notes) - [Where the book was wrong](https://dryburgh.com/vol1/corrections) - [Where its sources were wrong](https://dryburgh.com/corrections?book=vol1) - [The Paper](https://dryburgh.com/vol1/paper) - [Consent](https://dryburgh.com/vol1/consent) - [Who builds and pays](https://dryburgh.com/vol1/parties) *The AI Compute Race: Five Races, One Machine* is a book by Lee S. Dryburgh, the first volume of THE COMPUTE ECONOMY, published by Dryburgh, an imprint of Contestra OÜ, Tallinn, Estonia; its record closes on 8 November 2026. [About the book](https://dryburgh.com/vol1)[Tell me when it is out](https://dryburgh.com/vol1#notify)