NC-1 data center project-level debt facility closure
Company: WhiteFiber - Project: NC-1
What the later record shows
The date slipped
As of August 2026, the NC-1 project financing was still only a proposal under exclusivity with lenders, and its closing was still 'anticipated'. It did not close in Q1 2026, and no new date was given.
“The Company has entered into exclusivity with a consortium of lenders in connection with a proposed secured financing for its NC-1 project.”
2026-08-11 · WhiteFiber 10-Q filed 2026-08-12 View cached copy (2026-08-31)Live source ↗
“Together with the anticipated closing of our proposed project-level financing for NC-1, which remains subject to the completion of definitive documentation and satisfaction of customary approvals and closing conditions”
2026-08-20 · whitefiber 8-K exhibit (ea030292501ex99-3.htm) View cached copy (2026-08-30)Live source ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Expects to close project-level debt facility for NC-1 data center development in first quarter of 2026
Source (primary)
whitefiber 8-K exhibit (ea027402401ex99-3_white.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-21)Live source ↗
Quote: “As previously disclosed, WhiteFiber continues to expect to close a project-level debt facility for its NC-1 data center development in the first quarter of 2026.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
WhiteFiber's January 26, 2026 press release states that the company continues to expect to close a project-level debt facility for NC-1 in the first quarter of 2026. It repeats this in the CEO quote.
Confirmed in the source:
- WhiteFiber expects to close a project-level debt facility for its NC-1 data center development
- The expected timing of that closing is the first quarter of 2026
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/2042022/000121390026007740/ea027402401ex99-3_white.htm) in full (7,637 characters, retrieved September 21, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms whitefiber 8-K exhibit (ea027402401ex99-3_white.htm)
Quote: “As previously disclosed, WhiteFiber continues to expect to close a project-level debt facility for its NC-1 data center development in the first quarter of 2026.”
delays whitefiber 8-K exhibit (ea030292501ex99-3.htm)
Quote: “Together with the anticipated closing of our proposed project-level financing for NC-1, which remains subject to the completion of definitive documentation and satisfaction of customary approvals and closing conditions”
delays WhiteFiber 10-Q filed 2026-08-12
Quote: “The Company has entered into exclusivity with a consortium of lenders in connection with a proposed secured financing for its NC-1 project.”