Use of net proceeds for data center expansion
Company: WhiteFiber
The claim, verbatim
Remaining net proceeds expected to be used primarily for data center expansion, including leasing or purchasing property for additional WhiteFiber data centers, facility construction, energy service agreements, equipment and GPU servers, potential acquisitions and partnerships, and general corporate purposes
Source (primary)
WhiteFiber Announces Closing of Upsized $310.0 Million Convertible Senior Notes Offering - TradingView (-, news_article)
View cached copy (2026-08-31)Live source ↗
Quote: “The remaining net proceeds from the offering are expected to be used primarily for data center expansion, including to partially fund the lease or purchase of additional property or properties on which to build additional WhiteFiber data centers, to construct those facilities, to enter into additional energy service agreements for each additional site, to purchase related equipment (including GPU servers to support WhiteFiber's cloud business), and for potential acquisitions, partnerships and joint ventures related thereto, and for working capital and general corporate purposes.”
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Additional evidence
confirms WhiteFiber Announces Closing of Upsized $310.0 Million Convertible Senior Notes Offering - TradingView
Quote: “The remaining net proceeds from the offering are expected to be used primarily for data center expansion, including to partially fund the lease or purchase of additional property or properties on which to build additional WhiteFiber data centers, to construct those facilities, to enter into additional energy service agreements for each additional site, to purchase related equipment (including GPU servers to support WhiteFiber's cloud business), and for potential acquisitions, partnerships and joint ventures related thereto, and for working capital and general corporate purposes.”