NC-1 conditional purchase price increment for power capacity
Company: WhiteFiber - Project: NC-1
The claim, verbatim
Purchase price increases by $8M if Duke Energy provides 99 MW within 2 years; $5M if within 2-3 years; $200k/MW over 99 MW (max $5M) if within 4 years
Source (primary)
WhiteFiber 10-K filed 2026-03-26 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The purchase price will increase by (i) $8 million, if Duke Energy actually provides...at least 99 MW (gross) within two years of May 20, 2025, or (ii) $5 million, if Duke Energy actually provides...at least 99 MW (gross) more than two years but less than three years after May 20, 2025. Additionally, the purchase price will increase by an additional $200,000 per MW over 99 MW (gross) up to a maximum of $5 million”
How we checked this
Checked on September 15, 2026. The cited source supports every part of this claim.
The 10-K sets out all three contingent price increases. It also counts an Electric Services Agreement for the capacity as meeting each condition.
Confirmed in the source:
- The NC-1 purchase price increases by $8 million if Duke Energy provides at least 99 MW (gross) within two years of May 20, 2025
- The price increases by $5 million instead if the 99 MW is provided more than two but less than three years after May 20, 2025
- The price increases by an additional $200,000 per MW above 99 MW, up to $5 million, if at least 99 MW is delivered within four years
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: “The purchase price will increase by (i) $8 million, if Duke Energy actually provides...at least 99 MW (gross) within two years of May 20, 2025, or (ii) $5 million, if Duke Energy actually provides...at least 99 MW (gross) more than two years but less than three years after May 20, 2025. Additionally, the purchase price will increase by an additional $200,000 per MW over 99 MW (gross) up to a maximum of $5 million”