WhiteFiber to Acquire Two NC Data Center Sites for $60M, Adding 60 MW Initial Capacity
WYFI has more than doubled off its 52-week low of $10.51.
Summary
WhiteFiber agreed to acquire two North Carolina industrial properties for $60 million to develop as data center campuses NC-2 and NC-3, adding at least 60 MW of initial power capacity.
Key Events · M&A and Partnerships · WYFI
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Acquisition of Two NC Data Center Sites
WhiteFiber, through subsidiary Enovum Data Centers Corp., agreed to purchase two industrial properties in Yadkin County, North Carolina for $60.0 million cash.
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Power Capacity Expansion
The properties are expected to provide a combined minimum of 60 MW of gross electrical power supply, with potential for up to 198 MW over time.
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Transaction Timeline
Inspection period expires September 15, 2026; closing scheduled 45 days after inspection period expiration, expected in Q4 2026.
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Development Plans
WhiteFiber intends to retrofit the properties into data center campuses NC-2 and NC-3, targeting initial ready-for-service capacity in Q3 2027.
Analysis · WYFI · Crypto Assets
WhiteFiber is expanding its North Carolina data center footprint with a $60 million acquisition of two industrial properties in Yadkin County. The deal adds a combined minimum of 60 MW of gross electrical power supply, with potential for up to 198 MW over time. The purchase is subject to customary closing conditions, including an inspection period expiring September 15, 2026, and is expected to close in Q4 2026. This acquisition supports the company's AI infrastructure growth strategy, building on its existing NC-1 campus and recent $1 billion-plus contracted revenue.
At the time of this filing, WYFI was trading at $29.86 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $1.1B. The 52-week trading range was $10.51 to $46.87. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.