Every material Form 8-K WhiteFiber, Inc. has filed with the SEC since August 21, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
WhiteFiber completed its $60.0 million cash acquisition of two industrial properties in Yadkin County, North Carolina, from a unit of Unifi, Inc. on October 28, 2026, with plans to develop them into data center campuses. The sites are expected to provide a combined minimum of 60 megawatts, with potential for up to 198 megawatts. The same release said NC-1 billing ramp slipped past the previously anticipated August timeframe and its initial financing is not yet complete, which offsets some of the acquisition news for shareholders.
Acquisition closed October 28, 2026; $60.0 million purchase price paid in cash, including a $2.25 million earnest money deposit applied at closing.
Combined minimum of 60 MW across the two properties, with potential for up to 198 MW within seven years, subject to confirmation.
Initial ready-for-service capacity at NC-2 and NC-3 is targeted for late 2027, subject to development conditions.
NC-1: about 35 of the contracted 40 MW IT deployment is operational; financing for the initial deployment is not yet closed and there is no assurance it will be completed.
WhiteFiber filed an investor presentation dated September 2026 under Regulation FD. It reports Q2 2026 total revenues of $28.8 million, up from $18.7 million a year earlier, while the net loss widened to $15.0 million from $8.8 million. The deck also highlights a 10-year, 40 MW Nscale contract valued at about $865 million and a $60 million North Carolina site acquisition agreement.
Q2 2026 total revenues were $28.8 million versus $18.7 million in Q2 2025.
Q2 2026 net loss was $15.0 million versus $8.8 million in Q2 2025; Adjusted EBITDA was $5.5 million versus $3.3 million.
NC-1 anchor contract with Nscale: 10 years, 40 MW IT load, total contract value about $865 million.
Definitive agreement signed August 16, 2026 to buy two North Carolina properties for $60 million in cash, with closing expected in Q4 2026.
WhiteFiber completed a $310.0 million private offering of 5.00% convertible senior notes due 2032 on August 21, 2026, including the full $40.0 million option. The company used about $118.5 million of the roughly $298.5 million in net proceeds to exchange $198.15 million of its 4.500% notes due 2031 for cash and about 6.3 million ordinary shares. The new notes add debt and could dilute shareholders on conversion, which the company can settle in cash, shares, or both, and the filing says more project financing will be needed.
$310.0 million principal of 5.00% notes maturing September 1, 2032, with semiannual interest starting March 1, 2027
Initial conversion price of about $33.84 per share, a premium of about 25% over the August 18, 2026 last sale price
Exchanged $198.15 million of 4.500% notes due 2031 for about $118.5 million cash and about 6.3 million ordinary shares, leaving about $31.85 million outstanding
Net proceeds of about $298.5 million; the company says it will require additional project financing, such as construction loans
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
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