WhiteFiber buys two North Carolina sites for $60 million

Prospective customers have submitted non-binding letters of intent for capacity at the new sites and expansions at NC-1, including proposals from investment-grade counterparties. The seller will continue occupying parts of the properties under leaseback arrangements to offset carrying costs. WhiteFiber now targets late 2027 for initial ready-for-service capacity, a delay from the previously anticipated third quarter of 2027.

Meanwhile, commissioning issues with switchgear at the NC-1 campus have delayed full service for its initial 20 MW IT data hall. Approximately 35 MW of the contracted 40 MW IT deployment is currently operational, with work continuing on the remaining 5 MW. Financing for the NC-1 deployment remains under discussion with a prospective lending group, and completion is not assured. CEO Sam Tabar stated the priority is converting customer demand into long-term contracts with appropriate financing commitments.