NasdaqCM:WYFIIT
What WhiteFiber (WYFI)'s New AI Data Center Financing Means For Shareholders
Earlier this week, WhiteFiber, Inc. secured a US$100 million delayed-draw term loan facility from majority owner Bit Digital, expandable to US$150 million, alongside bridge financing from B. Riley to complete phase one of its NC-1 AI-focused high-performance computing data center in North Carolina.
This funding package allows WhiteFiber to pursue aggressive AI infrastructure buildout plans while limiting immediate equity dilution and leveraging its access to grid-connected power, a key...