WhiteFiber to Acquire Two North Carolina Data Center Development Sites
WYFI has more than doubled off its 52-week low of $10.51.
Summary
WhiteFiber is expanding its North Carolina data center footprint by agreeing to acquire two new development sites. The properties are expected to provide a combined minimum of 60 MW of initial gross utility capacity. The cash purchase price for the properties is $60 million. This follows the recent NC-1 data center launch and the Krambu exclusive GPU infrastructure deal, signaling continued capacity build-out. The acquisition adds land for future data center construction, supporting the company's growth trajectory in high-density computing.
At the time of this announcement, WYFI was trading at $29.86 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $1.1B. The 52-week trading range was $10.51 to $46.87. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.