WhiteFiber Completes $60 Million Acquisition of North Carolina Data Center Sites
WhiteFiber (Nasdaq: WYFI) has finalized the acquisition of two industrial properties in Yadkin County, North Carolina, through its subsidiary Enovum Data Centers Corp. The $60 million cash transaction includes 120 acres and 500,000 square feet of warehouse space, which the company plans to retrofit into data center campuses. These sites are expected to provide an initial 60 MW of utility capacity, with potential scaling up to 200 MW over seven years. The company reported that it has received non-binding letters of intent from various prospective customers, including investment-grade counterparties, for the new NC-2 and NC-3 sites as well as expansion at its existing NC-1 campus. Regarding operations, WhiteFiber noted that switchgear issues delayed the full billing ramp-up at NC-1, though 35 MW of the contracted 40 MW deployment is now operational. WhiteFiber expects to have initial ready-for-service capacity at the new sites by late 2027. The company remains focused on securing definitive customer agreements and finalizing financing for its ongoing deployments.
Tickers: $WYFI
Topics: AI Infrastructure Capital Expenditure Data Center Expansion Real Estate Acquisition