WhiteFiber reports third quarter 2026 results
Revenue rose 19% to $24.0 million, while net loss widened to $101.4 million on an $80.8 million induced conversion expense. NC-1's full 40 MW is now operational.
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Enterprise AI infrastructure provider
whitefiber.comLast updated
In short: WhiteFiber completed a $60 million acquisition of two North Carolina data-center development sites.
Revenue rose 19% to $24.0 million, while net loss widened to $101.4 million on an $80.8 million induced conversion expense. NC-1's full 40 MW is now operational.
It pays $60 million cash for 120 acres with up to 200 MW potential; NC-1 has 35 MW of 40 MW operational.
Proceeds will fund data center expansion, GPU acquisitions, and working capital while concurrently reducing existing debt through a targeted note exchange.
Proceeds fund AI infrastructure, acquisitions, and working capital. Concurrently, the company exchanges existing debt via cash and equity transactions with institutional buyers.
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