GloriFi

This Texas billionaire’s nuclear-powered data center company faces collapse

Texas billionaire Toby Neugebauer's second startup, Fermi America, is reportedly unraveling amid significant losses, investor fallout, and accusations of fraud. The company, which planned a mega data center project near Amarillo, Texas, faces an uncertain future following Neugebauer's firing as CEO. This situation reflects a pattern observed with his previous venture, GloriFi, and raises concerns among financial analysts.