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
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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”