MTL-3 facility lease and purchase option exercised
Company: WhiteFiber - Project: MTL-3
What the later record shows
Delivered on time · happened May 8, 2026
The August 2026 10-Q says WhiteFiber exercised the option on January 14, 2026 and closed the MTL-3 purchase on May 8, 2026, within the promised Q2 2026 window.
“The option was exercised on January 14, 2026 and the purchase of MTL-3 was closed on May 8, 2026.”
2026-08-11 · WhiteFiber 10-Q filed 2026-08-12 View cached copy (2026-08-31)Live source ↗
“On May 8, 2026, the Company acquired the land and building comprising its MTL-3 facility in Saint-Jérôme, Québec, for a fixed purchase price of CAD $ 24.2 million”
2026-08-11 · WhiteFiber 10-Q filed 2026-08-12 View cached copy (2026-08-31)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
WhiteFiber leased MTL-3 facility (7 MW gross Tier-3 data center) in Saint-Jerome, Quebec on April 11, 2025 under lease-to-own structure, exercised fixed-price purchase option of CAD 24.2 million (approximately $17.3 million) on January 14, 2026 with closing expected in Q2 2026
Source (primary)
WhiteFiber 10-K filed 2026-03-26 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “On April 11, 2025, we entered into a lease for a new data center site in Saint-Jerome, Quebec, a suburb of Montreal, MTL-3. The MTL-3 facility spans approximately 202,000 square feet on 7.7 acres and is being developed into a 7 MW (gross) Tier-3 data center. The transaction was executed under a lease-to-own structure, which includes a fixed-price purchase option of CAD 24.2 million (approximately $17.3 million). The option was exercised on January 14, 2026 and the purchase of MTL-3 is expected to close during the second quarter of 2026.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
Every element—lease date, location, 7 MW Tier-3 size, lease-to-own structure, option price, exercise date and expected Q2 2026 closing—appears in the 10-K.
Confirmed in the source:
- WhiteFiber entered into a lease for the MTL-3 site in Saint-Jerome, Quebec on April 11, 2025
- MTL-3 is being developed into a 7 MW (gross) Tier-3 data center
- The transaction was executed under a lease-to-own structure
- The lease includes a fixed-price purchase option of CAD 24.2 million (approximately $17.3 million)
- The option was exercised on January 14, 2026
- The purchase is expected to close in the second quarter of 2026
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 April 11, 2025, we entered into a lease for a new data center site in Saint-Jerome, Quebec, a suburb of Montreal, MTL-3. The MTL-3 facility spans approximately 202,000 square feet on 7.7 acres and is being developed into a 7 MW (gross) Tier-3 data center. The transaction was executed under a lease-to-own structure, which includes a fixed-price purchase option of CAD 24.2 million (approximately $17.3 million). The option was exercised on January 14, 2026 and the purchase of MTL-3 is expected to close during the second quarter of 2026.”
confirms WhiteFiber 10-Q filed 2026-08-12
Quote: “The option was exercised on January 14, 2026 and the purchase of MTL-3 was closed on May 8, 2026.”