Real estate investment trust Fermi (FRMI.US) applies to go public in the United States, aiming to raise $150 million to expand its presence in the power and data center sector.

According to the Wise Finance and Economics APP, the Texas real estate investment trust fund Fermi (FRMI.US) submitted its initial public offering application to the U.S. Securities and Exchange Commission on Monday, planning to raise up to $150 million. The company focuses on developing power and data center infrastructure required in the field of artificial intelligence. Its core project, the "Matador Plan," will be located on the campus of Texas Tech University, with plans to build a comprehensive power plant and data center facility covering 15 million square feet. Fermi has already signed a long-term lease for the site and is currently in the project planning stage.