NC-1 contingent purchase price increases based on Duke Energy capacity
Company: WhiteFiber - Project: NC-1
The claim, verbatim
NC-1 purchase price will increase by $8 million if Duke Energy provides 99 MW within 2 years of May 20, 2025, $5 million if within 3 years, or $200,000 per MW over 99 MW up to $5 million maximum if delivered 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, or provides an Electric Services Agreement providing for, at least 99 MW (gross) within two years of May 20, 2025, 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. 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 part of this claim, but not all of it.
All the dollar amounts and deadlines appear in the filing. However, the claim presents the per-MW increase as an alternative, while the filing says it is added on top.
Confirmed in the source:
- The NC-1 purchase price increases by $8 million if Duke Energy provides (or provides an Electric Services Agreement for) at least 99 MW within two years of May 20, 2025
- The price increases by $5 million if this occurs more than two but less than three years after May 20, 2025
- There is a $200,000 per MW increase over 99 MW, up to a $5 million maximum, if at least 99 MW is delivered or contracted within four years
We could not confirm this from the cited source:
- That the $200,000-per-MW increase is an alternative to the $8 million or $5 million increases; the filing describes it as an additional increase
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: “The purchase price will increase by (i) $8 million, if Duke Energy actually provides, or provides an Electric Services Agreement providing for, at least 99 MW (gross) within two years of May 20, 2025, 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. Additionally, the purchase price will increase by an additional $200,000 per MW over 99 MW (gross) up to a maximum of $5 million”