Data center expansion using offering proceeds
Company: WhiteFiber
The claim, verbatim
Company intends to use net proceeds primarily for data center expansion including leasing or purchasing property, constructing facilities, entering energy service agreements, and purchasing GPU servers
Source (primary)
WhiteFiber Announces Proposed Private Placement of $250.0 Million of Convertible Senior Notes - TradingView (-, news_article)
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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
Additional evidence
confirms WhiteFiber Announces Proposed Private Placement of $250.0 Million of Convertible Senior Notes - TradingView
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)”