Duke Energy capacity commitment - 24 MW milestone
Company: WhiteFiber - Project: NC-1
What the later record shows
Delivered; the record does not say when
A June 2026 investor presentation says Duke Energy completed the work to deliver the initial 54 gross MW to NC-1, which covers the 24 MW. No passage says when, so on-time delivery by September 1, 2025 cannot be confirmed.
“Duke Energy has completed the work required to deliver the initial 54 gross MW of utility power to the NC-1 site.”
2026-06-09 · whitefiber 8-K exhibit (ea029430601ex99-1.htm) View cached copy (2026-09-06)Live source ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Duke Energy agreed to provide 24 MW gross service to NC-1 property by September 1, 2025
Source (primary)
WhiteFiber S-1/A filed 2025-08-01 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “Duke Energy agreed to use commercially reasonable efforts to achieve 24 MW (gross) of service to the Property by September 1, 2025”
How we checked this
Checked on October 11, 2026. The cited source supports part of this claim, but not all of it.
The prospectus describes Duke Energy's undertaking as a commercially reasonable efforts obligation, not a firm agreement to provide 24 MW by September 1, 2025, so the claim overstates the commitment.
Confirmed in the source:
- Under a Capacity Agreement, Duke Energy agreed to use commercially reasonable efforts to achieve 24 MW (gross) of service to the NC-1 property by September 1, 2025
We could not confirm this from the cited source:
- The prospectus does not say Duke Energy agreed to provide 24 MW (gross) to NC-1 by September 1, 2025; it describes only a commitment to use commercially reasonable efforts
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/2042022/000121390025070709/ea0249945-04.htm) in full (845,158 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms WhiteFiber S-1/A filed 2025-08-01
Quote: “Duke Energy agreed to use commercially reasonable efforts to achieve 24 MW (gross) of service to the Property by September 1, 2025”
confirms whitefiber 8-K exhibit (ea029430601ex99-1.htm)
Quote: “Duke Energy has completed the work required to deliver the initial 54 gross MW of utility power to the NC-1 site.”