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WhiteFiber and Nscale Announce 10-Year, 40 MW Colocation Agreement Representing Approximately $865 Million in Total Contract Value at NC-1 AI Data Center Campus
WhiteFiber, Inc. (Nasdaq: WYFI) ("WhiteFiber" or the "Company"), a next-generation data center and colocation provider purpose-built for artificial intelligence (AI) and high-performance computing (HPC), today announced its subsidiary, Enovum Data Centers Corp., has executed a long-term colocation agreement with Nscale Global Holdings ("Nscale"), an AI infrastructure and cloud services provider serving enterprise and public sector customers.
About this update from Whitefiber, Inc.
[{"type":"text","content":"NEW YORK, Dec. 18, 2025 /PRNewswire/ -- WhiteFiber, Inc. (Nasdaq: WYFI) ("WhiteFiber" or the "Company"), a next-generation data center and colocation provider purpose-built for artificial intelligence (AI) and high-performance computing (HPC), today announced its subsidiary, Enovum Data Centers Corp., has executed a long-term colocation agreement with Nscale Global Holdings ("Nscale"), an AI infrastructure and cloud services provider serving enterprise and public sector customers.","length":515,"tagName":"p"},{"type":"image","alt":"WhiteFiber (PRNewsfoto/WhiteFiber, Inc.)","displaySize":"","headline":null,"caption":"WhiteFiber (PRNewsfoto/WhiteFiber, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":52,"url":"https://media.zenfs.com/en/prnewswire.com/1e43bf5ca8a247018b2e0164cc959b36"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/FVN_I5bbRKcOR14zJWHczg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTkyO2NmPXdlYnA-/https://media.zenfs.com/en/prnewswire.com/1e43bf5ca8a247018b2e0164cc959b36","width":400,"height":52}},"href":"https://mma.prnewswire.com/media/2745795/WhiteFiber_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The agreement secures the first 40 megawatt delivery of critical IT load at WhiteFiber's flagship NC-1 data center campus in Madison, North Carolina. The contract represents approximately $865 million in contracted revenue over the initial 10-year term, including contractual annual rate escalators and required non-recurring installation services, but excluding electricity and certain other costs passed through to the customer. Nscale is deploying this capacity to power the AI infrastructure of leading, global investment grade technology customers.","length":557,"tagName":"p"},{"type":"text","content":"WhiteFiber is in advanced discussions with several leading lenders, and anticipates multiple institutional financing options that address both immediate NC-1 construction requirements and broader growth objectives. The contemplated construction facility is expected to feature an accordion or similar structure, enabling access to additional capital and financial agility to support new opportunities both at NC-1 and across WhiteFiber's broader development portfolio. To date, WhiteFiber has invested approximately $150 mi...