Located approximately 55 miles from WhiteFiber's NC-1 data center campus in Madison, North Carolina, NC-2 and NC-3 would significantly expand the Company's presence in the state. Their proximity to NC-1 would allow WhiteFiber to build on the regional development experience, operating capabilities and relationships it has established through its existing campus.

The properties are expected to provide a combined minimum of 60 MW of initial gross utility capacity. Initial due diligence indicates that NC-2 and NC-3 have the potential to support up to approximately 200 MW of combined gross utility capacity over time. WhiteFiber is targeting initial ready-for-service capacity in the third quarter of 2027, subject to completion of the acquisition and customary development conditions.

WhiteFiber is engaged in advanced discussions with prospective customers and has received non-binding letters of intent with investment-grade credit support. The properties' existing industrial infrastructure and surrounding land are well suited to WhiteFiber's retrofit-first development strategy, which is designed to accelerate time-to-market and improve capital efficiency relative to traditional greenfield development.

"This agreement is an important next step in scaling WhiteFiber's data center platform," said Sam Tabar, Chief Executive Officer of WhiteFiber. "NC-2 and NC-3 would expand our North Carolina footprint near NC-1, allowing us to build on the capabilities and relationships we have established in the region. With strong prospective customer interest and initial capacity targeted for 2027, we believe these properties can become a meaningful next phase of our growth. We look forward to working closely with local stakeholders and being a responsible long-term partner to the community."

The cash purchase price for the properties is $60.0 million. The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions.