<?xml version="1.0" encoding="UTF-8"?><!-- Generated by CompSci Transform (tm) - http://www.compsciresources.com --><!-- Created: Tue Feb 17 22:16:30 UTC 2026 --><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:common="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13G/A</submissionType>
    <previousAccessionNumber>0001140361-25-040676</previousAccessionNumber>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0002095330</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>1</amendmentNo>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>12/31/2025</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0002071778</issuerCik>
        <issuerName>Fermi Inc.</issuerName>
        <issuerCusip>314911108</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <common:street1>620 S. Taylor</common:street1>
          <common:street2>Suite 301</common:street2>
          <common:city>Amarillo</common:city>
          <common:stateOrCountry>TX</common:stateOrCountry>
          <common:zipCode>79101</common:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(d)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Pencross Energy, LLC</reportingPersonName>
      <citizenshipOrOrganization>TX</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0</soleVotingPower>
        <sharedVotingPower>51875000</sharedVotingPower>
        <soleDispositivePower>0</soleDispositivePower>
        <sharedDispositivePower>51875000</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>51875000</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>8.45</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
      <comments>Calculated based on 614,025,378 Common Stock outstanding as of November 11, 2025, as reported on the Issuer's Form 10-Q (the "Form 10-Q") filed on November 12, 2025.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>Steven Meisel</reportingPersonName>
      <citizenshipOrOrganization>TX</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0</soleVotingPower>
        <sharedVotingPower>51875000</sharedVotingPower>
        <soleDispositivePower>0</soleDispositivePower>
        <sharedDispositivePower>51875000</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>51875000</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>8.45</classPercent>
      <typeOfReportingPerson>IN</typeOfReportingPerson>
      <comments>Calculated based on 614,025,378 Common Stock outstanding as of November 11, 2025, as reported on the Form 10-Q filed on November 12, 2025.</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Fermi Inc.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>620 S. Taylor, Suite 301, Amarillo, TX, 79101</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Pencross Energy, LLC</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>1333 Oaklawn Ave, Suite 900
Dallas, Texas 75207</principalBusinessOfficeOrResidenceAddress>
        <citizenship>See response to Item 4 on cover page.</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>See responses to Item 9 on each cover page.

The reported securities are directly held by Pencross Energy, LLC. As the Manager of Pencross Energy, LLC, Steven Meisel may be deemed to share voting and dispositive power of the reported securities. Nothing in this statement shall be deemed an admission of beneficial ownership of the reported securities for purposes Section 13(d) or Section 13(g) of the Exchange Act.</amountBeneficiallyOwned>
        <classPercent>See responses to Item 11 on each cover page.</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>See responses to Item 5 on each cover page.</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>See responses to Item 6 on each cover page.</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>See responses to Item 7 on each cover page.</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>See responses to Item 8 on each cover page.</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>Y</notApplicableFlag>
      </item10>
    </items>
    <exhibitInfo>Exhibit A     Joint Filing Agreement, dated as of November 6, 2025, incorporated into this Schedule 13G by reference to Exhibit A of the initial 13G filed on November 6, 2025.
Exhibit B     Signature Page, dated as of February 17, 2026.</exhibitInfo>
    <signatureInformation>
      <reportingPersonName>Pencross Energy, LLC</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Steven Meisel</signature>
        <title>Steven Meisel / See Exhibit B</title>
        <date>02/17/2026</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Steven Meisel</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Steven Meisel</signature>
        <title>Steven Meisel</title>
        <date>02/17/2026</date>
      </signatureDetails>
    </signatureInformation>
  </formData>

</edgarSubmission>
