Data center expansion and GPU server procurement
Company: WhiteFiber
The claim, verbatim
Majority of proceeds will support expanding WhiteFiber's data center footprint through acquiring or leasing properties, covering construction expenses, securing energy service contracts, and procuring GPU servers for cloud computing capabilities
Source (primary)
WhiteFiber (WYFI) Stock Plunges 25% on $250M Convertible Debt Announcement - Blockonomi (-, news_article)
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Quote: “The majority of capital raised will be allocated toward expanding WhiteFiber's data center footprint. This encompasses acquiring or leasing additional properties, covering construction expenses, securing energy service contracts, and procuring GPU servers to bolster its cloud computing capabilities”
How we checked this
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Additional evidence
confirms WhiteFiber (WYFI) Stock Plunges 25% on $250M Convertible Debt Announcement - Blockonomi
Quote: “The majority of capital raised will be allocated toward expanding WhiteFiber's data center footprint. This encompasses acquiring or leasing additional properties, covering construction expenses, securing energy service contracts, and procuring GPU servers to bolster its cloud computing capabilities”