NC-1 conditional purchase price increase (2-3 year Duke Energy milestone)
Company: WhiteFiber - Project: NC-1
The claim, verbatim
NC-1 purchase price increases by $5 million if Duke Energy provides 99+ MW between 2-3 years of May 20, 2025
Source (primary)
WhiteFiber 10-K filed 2026-03-26 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “or (ii) $5 million, if Duke Energy actually provides, or provides an Electric Services Agreement providing for, at least 99 MW (gross) more than two years but less than three years after May 20, 2025.”
How we checked this
Checked on September 15, 2026. The cited source supports every part of this claim.
The filing describes this $5 million contingent price increase tied to Duke Energy providing at least 99 MW between two and three years after May 20, 2025.
Confirmed in the source:
- The NC-1 purchase price increases by $5 million if Duke Energy provides, or provides an Electric Services Agreement for, at least 99 MW (gross) more than two but less than three years after May 20, 2025
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: “or (ii) $5 million, if Duke Energy actually provides, or provides an Electric Services Agreement providing for, at least 99 MW (gross) more than two years but less than three years after May 20, 2025.”