NC-1 facility acquisition in Madison, North Carolina
Company: WhiteFiber - Project: NC-1
The claim, verbatim
WhiteFiber completed acquisition of NC-1 facility from UMI on May 20, 2025 for $45 million cash purchase price
Source (primary)
WhiteFiber 10-K filed 2026-03-26 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “On May 20, 2025, we completed the purchase of a former industrial/manufacturing building from UMI. Pursuant to the Purchase Agreement we agreed to purchase from UMI, an industrial/manufacturing building together with the underlying land located in Madison, North Carolina, which we refer to as "NC-1"... for a cash purchase price of $45 million.”
How we checked this
Checked on September 15, 2026. The cited source supports every part of this claim.
The filing states the completion date, seller, location and $45 million cash purchase price.
Confirmed in the source:
- WhiteFiber completed the purchase of the NC-1 building from UMI on May 20, 2025
- NC-1 is located in Madison, North Carolina
- The cash purchase price was $45 million
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: “On May 20, 2025, we completed the purchase of a former industrial/manufacturing building from UMI. Pursuant to the Purchase Agreement we agreed to purchase from UMI, an industrial/manufacturing building together with the underlying land located in Madison, North Carolina, which we refer to as "NC-1"... for a cash purchase price of $45 million.”