WhiteFiber Secures $865 Million Colocation Agreement with Nscale Global Holdings
- WhiteFiber’s Enovum Data Centers signed a long-term colocation agreement for 40 megawatts (MW) of IT load.
- The deal is valued at approximately $865 million over an initial term of ten years.
- Deployment will occur in two phases of 20 MW each at the NC-1 data center in Madison, North Carolina.
- Shares of WhiteFiber rose by 13% to $16.19 after the announcement.
- The facility is designed to support advanced AI workloads with a power usage effectiveness target of better than 1.3.
This agreement underscores WhiteFiber’s strategy to meet hyperscaler specifications and expand its capabilities in AI infrastructure, reflecting a growing trend among Bitcoin miners pivoting towards AI solutions.
With this contract, WhiteFiber anticipates significant revenue growth, supported by its strategic investments and infrastructure development plans for the NC-1 site. (Source)
