WhiteFiber (WYFI), a Nasdaq-listed information middle and colocation supplier targeted on AI and excessive efficiency computing, introduced in a press launch Thursday that its subsidiary Enovum Knowledge Facilities has signed a long-term colocation settlement with Nscale International Holdings, an AI infrastructure and cloud companies supplier.
Shares rose 13% to $16.19 in after-hours buying and selling on information of the acquisition.
The contract covers 40 megawatts (MW) of vital IT load at WhiteFiber’s NC-1 information middle campus in Madison, North Carolina, with deployment deliberate in two 20MW phases, the corporate mentioned.
The contract represents roughly $865 million in contract income over the primary 10 years, together with annualized escalator and non-recurring set up companies, however excluding energy and sure different pass-through prices.
The information middle supplier spun out of legacy miner Bit Digital (BTBT) and went public in August this yr, promoting 9.4 million shares in a large IPO, elevating complete proceeds of about $160 million.
Bitcoin miners are more and more specializing in AI to monetize energy contracts and infrastructure. Hut 8 rose as a lot as 20% on Wednesday after signing a 15-year, $7 billion lease with Fluidstack for 245 MW of IT capability at its Riverbend campus.
WhiteFiber describes the ability as a Tier 3-equivalent “ultra-dense” facility, designed to help as much as 150 kilowatts (kW) per cupboard with totally redundant energy distribution and N+1 cooling, and focused for a median energy utilization effectivity of 1.3 or larger.
The corporate mentioned the campus is supported by a 99 MW capability contract with Duke Power, and administration believes the positioning may help as much as 200 MW of complete energy supply in the long run, topic to infrastructure upgrades and different circumstances.
White Fiber has invested roughly $150 million in fairness within the NC-1 web site and is in superior discussions with lenders relating to financing choices for development and broader progress. The Firm expects to formalize the credit score facility in early Q1 2026 and is evaluating potential credit score enhancement buildings.
“This contract validates our technique to engineer NC-1 to satisfy hyperscaler specs and help cutting-edge AI workloads,” WhiteFiber CEO Sam Tabar mentioned in a launch.
“We look ahead to working intently with Nscale as we plan for the potential growth of this deployment to double its authentic measurement by the top of 2027,” he added.
Learn extra: Fluidstack AI information middle commerce sends Hut 8 inventory hovering 20%
