NC-1 conditional purchase price increase (per-MW over 99 MW threshold)
Company: WhiteFiber - Project: NC-1
The claim, verbatim
NC-1 purchase price increases by $200,000 per MW over 99 MW (max $5 million) if Duke delivers within 4 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: “Additionally, the purchase price will increase by an additional $200,000 per MW over 99 MW (gross) up to a maximum of $5 million if at least 99 MW (gross) are actually delivered, or Duke Energy provides an Electric Services Agreement for the provision of at least 99 MW (gross), within four years of May 20, 2025.”
How we checked this
Checked on September 15, 2026. The cited source supports every part of this claim.
The filing describes the $200,000-per-MW increase above 99 MW, capped at $5 million, conditioned on delivery within four years of May 20, 2025.
Confirmed in the source:
- The NC-1 purchase price increases by an additional $200,000 per MW over 99 MW (gross)
- This increase is capped at a maximum of $5 million
- The increase applies if at least 99 MW is delivered or contracted via an Electric Services Agreement within four years of 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: “Additionally, the purchase price will increase by an additional $200,000 per MW over 99 MW (gross) up to a maximum of $5 million if at least 99 MW (gross) are actually delivered, or Duke Energy provides an Electric Services Agreement for the provision of at least 99 MW (gross), within four years of May 20, 2025.”