WhiteFiber signs 10-year, 40 MW colocation deal with Nscale valued at about $865 million
TL;DR
WhiteFiber signs a 10-year, 40 MW colocation deal with Nscale valued at approximately $865 million. The agreement anchors the first capacity at WhiteFiber's NC-1 AI data center campus and drove a 13% stock increase.
Key Takeaways
- •WhiteFiber's 10-year colocation deal with Nscale covers 40 MW at its NC-1 campus with a total contract value of about $865 million.
- •The agreement validates WhiteFiber's strategy to support advanced AI workloads and includes potential expansion to double the initial deployment by end of 2027.
- •WhiteFiber's stock rose 13% in after-hours trading following the announcement, reflecting market optimism about the deal.
- •The NC-1 facility is engineered as Tier 3-equivalent with ultra-high-density capabilities supporting up to 150 kW per cabinet.
- •This deal is part of a broader trend of Bitcoin miners pivoting to AI infrastructure to monetize power contracts and existing facilities.
What to know:
- WhiteFiber says the Nscale deal anchors the first 40 megawatts at its NC-1 AI data center campus.
- The company estimates total contract value at about $865 million over 10 years.
- WhiteFiber says the Nscale deal anchors the first 40 megawatts at its NC-1 AI data center campus.
- The company estimates total contract value at about $865 million over 10 years.
WhiteFiber (WYFI), a Nasdaq-listed data center and colocation provider focused on AI and high-performance computing, said its Enovum Data Centers subsidiary has signed a long-term colocation agreement with Nscale Global Holdings, an AI infrastructure and cloud services provider, in a press release Thursday.
The shares rose 13% in after hours trading to $16.19 following news of the deal.
The agreement covers 40 megawatts (MW) of critical IT load at WhiteFiber’s NC-1 data center campus in Madison, North Carolina, with deployment planned in two 20-MW phases, the company said.
The deal represents approximately $865 million in contracted revenue over an initial 10-year term, including annual rate escalators and non-recurring installation services, but excluding electricity and certain other pass-through costs.
The data center provider was spun out of legacy miner Bit Digital (BTBT) and went public in August this year, selling 9.4 million shares in an upsized IPO to raise about $160 million in gross proceeds.
Bitcoin miners are increasingly pivoting to AI to monetize power contracts and infrastructure. Hut 8 rallied as much as 20% on Wednesday after signing a 15-year, $7 billion lease with Fluidstack for 245 MW of IT capacity at its River Bend campus.
WhiteFiber described the facility as Tier 3-equivalent and “ultra-high-density,” engineered to support up to 150 kilowatts (kW) per cabinet with fully redundant power distribution and N+1 cooling, and targeting an average power usage effectiveness of 1.3 or better.
The company said the campus is supported by a 99 MW capacity agreement with Duke Energy and that management believes the site may support up to 200 MW of total electrical supply over time, subject to infrastructure upgrades and other conditions.
WhiteFiber has invested about $150 million of equity into the NC-1 site and is in advanced discussions with lenders on financing options for construction and broader growth. It expects to formalize a credit facility in early Q1 2026 and is evaluating potential credit enhancement structures.
“This agreement validates our strategy to engineer NC-1 to meet hyperscaler specifications and support the most advanced AI workloads," WhiteFiber CEO Sam Tabar, said in the release.
"We look forward to working closely with Nscale as we plan for the potential expansion of this deployment toward double its initial size by the end of 2027,” he added.
Read more: Hut 8 stock surges 20% on Fluidstack AI data center deal
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
- XRP rose 4.26% to $1.85, recovering from early losses despite low trading volume.
- VivoPower's partnership to acquire Ripple Labs equity indirectly boosted sentiment toward XRP.
- Institutional interest in Ripple-linked assets remains strong, though overall market participation is limited.
Disclosure & Polices: CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of Bullish (NYSE:BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services. Bullish owns and invests in digital asset businesses and digital assets and CoinDesk employees, including journalists, may receive Bullish equity-based compensation.