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The struggles continue for Fermi America's 17 GW bit barn ambitions

It’s been a weekend filled with dizzying changes in the boardroom at datacenter wannabe Fermi America as it hopes eventually to expand its West Texas campus to about 17 gigawatts of behind-the-meter generation capacity.

The company’s CEO and co-founder Toby Neugebauer quit suddenly on Friday. Then on Sunday CFO Miles Everson resigned and moved into a board seat, while Neugebauer remained a director, as a group of new leaders searches for their replacements.

Fermi has struggled to get power equipment and to find a hyperscaler customer as an anchor tenant for its massive datacenter. It had reportedly found a tenant in November. However, during the company's March earnings call, it stated it had not yet won a renter for any of its planned buildout.

Analysts at Stifel were among those who took part in a call with Fermi’s new leadership over the weekend that sought to soothe jittery investors.…