Fermi REIT, backed by Rick Perry, has successfully raised $682 million in its U.S. IPO, capitalizing on the booming demand for AI data centers. This significant funding not only highlights the growing interest in AI infrastructure but also positions Fermi REIT as a key player in the market. The influx of capital will enable the company to expand its operations and invest in cutting-edge technology, which is crucial as businesses increasingly rely on AI solutions.

Fermi Inc., co-founded by former US Secretary of Energy Rick Perry, has successfully raised $682.5 million in its initial public offering, pricing shares at the higher end of expectations. This significant capital influx not only highlights investor confidence in the energy sector but also marks a notable achievement for Perry, showcasing the potential of real estate investment trusts in driving innovation and growth in energy.