Data Center Expansion Using Convertible Notes Proceeds
Company: WhiteFiber
The claim, verbatim
The Company intends to use net proceeds from the convertible notes offering for data center expansion, including leasing or purchasing additional properties to build WhiteFiber data centers, constructing facilities, entering into energy service agreements, and purchasing equipment including GPU servers.
Source (primary)
WhiteFiber Announces Pricing of Upsized $270.0 Million Convertible Senior Notes Offering - PR Newswire (-, news_article)
View cached copy (2026-08-31)Live source ↗
Quote: “the remainder of the net proceeds from the offering 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)”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document lists each of these intended uses of proceeds.
Confirmed in the source:
- The Company intends to use offering proceeds for data center expansion
- Uses include leasing or purchasing additional properties to build WhiteFiber data centers
- Uses include constructing facilities and entering into energy service agreements
- Uses include purchasing equipment including GPU servers
What we did: Read our cached copy of the publisher (https://www.prnewswire.com/news-releases/whitefiber-announces-pricing-of-upsized-270-0-million-convertible-senior-notes-offering-302855054.html) in full (23,037 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms WhiteFiber Announces Pricing of Upsized $270.0 Million Convertible Senior Notes Offering - PR Newswire
Quote: “the remainder of the net proceeds from the offering 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)”