WhiteFiber Secures $865M AI Data Center Contract with Nscale, Anchoring Flagship North Carolina Campus

WhiteFiber Inc. (NASDAQ:WYFI) is 1 of the AI stocks nether $20 to bargain now. On December 18, WhiteFiber, done its subsidiary Enovum Data Centers Corp., finalized a landmark 10-year colocation statement with Nscale Global Holdings. The concern centers connected the archetypal 40 MW transportation of captious IT load astatine WhiteFiber’s flagship NC-1 information halfway field located successful Madison, North Carolina. The declaration carries a full worth of ~$865 million, which includes non-recurring installation services and 3% yearly complaint escalators, though it excludes pass-through costs specified arsenic energy and spot taxes.

The statement is structured arsenic a modified gross colocation lease and volition beryllium deployed successful 2 chiseled 20 MW phases. Billing for the archetypal signifier is targeted to statesman connected April 30, 2026, with the 2nd signifier pursuing connected May 30, 2026. Nscale intends to usage this capableness to powerfulness the AI infrastructure for large investment-grade exertion customers worldwide. As portion of the deal, Nscale volition besides person precedence notification for immoderate aboriginal capableness that becomes disposable astatine the NC-1 site.

The NC-1 field is simply a one-million-square-foot installation situated connected 96 acres of a erstwhile concern site. It is engineered to a Tier 3-equivalent standard, supporting ultra-high-density environments of up to 150 kW per furniture with N+1 cooling and redundant powerfulness distribution. WhiteFiber Inc. (NASDAQ:WYFI) has already invested $150 cardinal successful equity into the task to de-risk aboriginal financing.

To enactment the operation requirements of NC-1 and broader growth, WhiteFiber Inc. (NASDAQ:WYFI) is successful precocious discussions for organization financing. The institution expects to formalize a recognition installation successful aboriginal Q1 2026 that whitethorn see an accordion operation for further capital.

WhiteFiber Inc. (NASDAQ:WYFI) designs, develops, and operates information centers and provides AI infrastructure solutions. The institution offers hosting, colocation, and cloud-based HPC GPU services.

While we admit the imaginable of WYFI arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.

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