WhiteFiber Secures $100M-$150M Delayed Draw Term Loan for Data Center Buildout
WYFI has more than doubled off its 52-week low of $10.51.
Summary
WhiteFiber obtained a $100 million delayed draw term loan, expandable to $150 million, to fund its data center expansion and other growth initiatives, with terms including a 9.5% interest rate and a 3% original issue discount.
Key Events · Financing and Capital Events · WYFI
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Secured $100M-$150M Term Loan
WhiteFiber's subsidiary, Enovum NC-1 Venture, LLC, entered into a Delayed Draw Term Loan Facility for up to $100 million, expandable to $150 million, with Bit Digital Capital, Inc.
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High Cost of Capital
The loan carries an initial interest rate of 9.5% (stepping down to 8%), a 3% original issue discount, and a 1.1x multiple on invested capital (MOIC) requirement.
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Purpose and Collateral
Proceeds will fund general corporate purposes, including the buildout of the NC-1 high-performance computing data center. The loan is secured by stock in Enovum NC-1 Topco, Inc., with the lien released upon securing permanent financing for NC-1.
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Bridge Financing
This facility is intended as a bridge to provide financial flexibility for near-term growth initiatives until permanent financing solutions are finalized.
Analysis · WYFI · Crypto Assets
WhiteFiber has secured a significant delayed draw term loan facility, providing crucial capital for its general corporate purposes, including the buildout of its high-performance computing data center in North Carolina. While the terms include a high interest rate, original issue discount, and a multiple on invested capital, this financing is vital for the company's growth initiatives and operational runway, especially following recent contract wins and prior financing efforts. It acts as a bridge until permanent financing is secured.
How filings like this one have moved
In the 30 days to Aug 24, 2026, 37.5% of the 3362 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, WYFI was trading at $32.06 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $10.51 to $40.75. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.