Data center expansion with capital from offering
Company: WhiteFiber
The claim, verbatim
Remaining net proceeds are expected to be used primarily for data center expansion, including acquiring or leasing property, constructing facilities, entering into energy service agreements, and purchasing equipment including GPU servers
Source (primary)
WhiteFiber Announces Closing of Upsized $310.0 Million Convertible Senior Notes Offering (-, news_article)
View cached copy (2026-08-30)Live source ↗Archive.org ↗
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)”
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Additional evidence
confirms WhiteFiber Announces Closing of Upsized $310.0 Million Convertible Senior Notes Offering
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)”