MTL-2 real estate acquisition and development
Company: WhiteFiber - Project: NTL2
The claim, verbatim
WhiteFiber acquired real estate and building for MTL-2 (5 MW gross Tier-3 data center) on December 27, 2024 for approximately $23.3 million with planned investment of $23.6 million for site development
Source (primary)
WhiteFiber 10-K filed 2026-03-26 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “On December 27, 2024, we acquired the real estate and building for a build-to-suit 5 MW (gross) Tier-3 data center expansion project near Montreal, Canada which we refer to as MTL-2. We initially funded the purchase of CAD 33.5 million (approximately $23.3 million)”
How we checked this
Checked on September 15, 2026. The cited source supports part of this claim, but not all of it.
The filing confirms the acquisition date, size and price. It describes the $23.6 million investment only as a past expectation that has been deprioritized, not as a current plan.
Confirmed in the source:
- WhiteFiber acquired the real estate and building for MTL-2 on December 27, 2024
- MTL-2 is a 5 MW (gross) Tier-3 data center project near Montreal
- The purchase was CAD 33.5 million (approximately $23.3 million), funded with cash on hand
- WhiteFiber had expected to invest approximately $23.6 million to develop the site
We could not confirm this from the cited source:
- That the $23.6 million development investment is still planned; the filing says WhiteFiber has prioritized other builds and preserved capital instead
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/2042022/000121390026034341/ea0278305-10k_white.htm) in full (600,249 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms WhiteFiber 10-K filed 2026-03-26
Quote: “On December 27, 2024, we acquired the real estate and building for a build-to-suit 5 MW (gross) Tier-3 data center expansion project near Montreal, Canada which we refer to as MTL-2. We initially funded the purchase of CAD 33.5 million (approximately $23.3 million)”