WhiteFiber Finalizes $60 Million Acquisition of Two North Carolina Data Center Sites in the US

WhiteFiber, Inc. (Nasdaq: WYFI), which supplies artificial intelligence infrastructure solutions, confirmed on November 3, 2026, that it has wrapped up the purchase of two industrial sites in Yadkin County, North Carolina, known as NC-2 and NC-3.

Enovum Subsidiary Finalizes Cash Purchase of NC-2 and NC-3

The transaction was executed by Enovum Data Centers Corp., a wholly owned WhiteFiber subsidiary, with USD 60 million in cash changing hands for the properties. Together the sites cover roughly 120 acres and include 500,000 square feet of standing warehouse space.

They sit about 55 miles from WhiteFiber's existing NC-1 campus in Madison, North Carolina. The company plans to convert the warehouses into data center campuses, drawing on the regional development record it has built in the state.

Capacity Outlook and 2027 Service Target

Once retrofitted, NC-2 and NC-3 are expected to deliver a combined minimum of 60 megawatts of initial gross utility capacity, with room to scale to approximately 200 MW within seven years of closing, contingent on confirmation and available power.

WhiteFiber is aiming for initial ready-for-service capacity at the two campuses in late 2027, assuming customary development conditions are met. Development spending is expected to track definitive customer agreements and financing, according to the company.

As part of the deal, the seller is retaining occupancy of sections of the properties under occupancy and partial leaseback arrangements, which are expected to defray some of the carrying costs while WhiteFiber pushes forward with its build-out plans.

Demand Signals from Investment-Grade Counterparties

Interest in the new capacity is already broad. WhiteFiber has collected non-binding letters of intent from a range of prospective customers covering both NC-2 and NC-3 and expansion capacity at NC-1.

Among them are proposals from investment-grade counterparties and proposals that incorporate investment-grade credit support, and the company reports it is in advanced discussions across these opportunities.

"We are encouraged by the breadth of customer demand, including proposals from investment-grade counterparties and proposals with investment-grade credit support," said Sam Tabar, Chief Executive Officer of WhiteFiber.

"We are building on our development and operating experience in North Carolina to meet strong customer demand across our portfolio. Our priority is to turn that demand into long-term contracts and develop capacity with the right customer and financing commitments in place. We look forward to working closely with local stakeholders as we develop these sites and being a responsible long-term partner to the community."

Switchgear Faults Disrupted NC-1 Billing, Ramp Extended

In the same disclosure, WhiteFiber updated investors on NC-1, where commissioning problems tied to switchgear interrupted both service and billing for the campus's first 20 MW IT data hall. Those issues also pushed NC-1's ramp to full contracted run-rate billing beyond the previously anticipated August timeframe.

Roughly 35 MW of the contracted 40 MW IT deployment at the campus is now operational, and work continues to energize the remaining 5 MW. The company noted that the capital investment needed to deliver the initial contracted deployment is substantially complete, and total development costs are currently expected to stay within the initial budget.

Lending Group Talks Continue on Documentation

On the funding side, WhiteFiber remains engaged with the previously disclosed prospective lending group on financing for NC-1's initial contracted deployment.

The parties are still working through outstanding documentation and closing requirements, though the company cautioned there is no guarantee the financing will ultimately be completed.

Third-Quarter Results Due November 10

Investors will hear more when WhiteFiber reports its third-quarter 2026 financial results on November 10, 2026, with additional financial and operating updates promised at that time.

The company positions itself as an AI infrastructure provider that owns high-performance computing data centers and delivers cloud services, running a vertically integrated model that combines specialized colocation, hosting, and cloud services engineered to maximize performance, efficiency, and margin for generative AI workloads.