WhiteFiber Strikes Gold: $865M Deal Proves AI is the New Bitcoin 🤑

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Markets

What to know:

  • WhiteFiber (WYFI) has apparently decided that 40 megawatts is the new black, anchoring their NC-1 AI data center campus with a deal that screams, “We’re serious about this AI thing.” 🚀
  • The company is flaunting a $865 million contract value over 10 years, because who doesn’t love a good decade-long commitment? 💍

In a press release that probably involved confetti and a marching band, WhiteFiber announced that its Enovum Data Centers subsidiary has cozied up with Nscale Global Holdings. Because nothing says “romance” like a long-term colocation agreement. 💑

Shares jumped 13% in after-hours trading, hitting $16.19, which is basically the financial equivalent of a standing ovation. 👏

The deal? 40 megawatts of critical IT load at the NC-1 data center in Madison, North Carolina. Because apparently, Madison is the new Silicon Valley. Or something. 🌽→🤖

Over 10 years, this little arrangement is expected to rake in $865 million, not including electricity costs, because even data centers have to pay the light bill. 💡

WhiteFiber, once a spinoff of Bit Digital (BTBT), went public in August, selling 9.4 million shares in an IPO that raised $160 million. Because nothing says “we’ve arrived” like a splashy IPO. 🎉

Meanwhile, Bitcoin miners are jumping ship to AI faster than you can say “blockchain.” Hut 8 rallied 20% after a $7 billion lease deal, proving that AI is the new gold rush. Or is it the new Bitcoin? 🤔

WhiteFiber’s NC-1 facility is described as “Tier 3-equivalent” and “ultra-high-density,” which sounds like a fancy way of saying, “We’ve got a lot of stuff crammed in here.” 🛠️

The campus is backed by a 99 MW capacity agreement with Duke Energy, because even AI needs a reliable power source. And apparently, they’re dreaming of 200 MW, because why stop at 99? 🌟

WhiteFiber has sunk $150 million into the NC-1 site and is now cozying up to lenders for more cash. Because when you’re building the future, you need a lot of zeros. 💸

“This deal proves we’re not just another data center,” said WhiteFiber CEO Sam Tabar, probably while wearing a cape. “We’re the AI superheroes Madison didn’t know it needed.” 🦸♂️

And by 2027, they’re planning to double the deployment size. Because why stop at 40 megawatts when you can have 80? 🌪️

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2025-12-19 00:45