Article

WhiteFiber Inc. has announced a proposed private placement of $200 million in convertible senior notes due 2031, with an additional $30 million in notes to be offered shortly after. The proceeds will be used for data center expansion, property acquisition, and equipment purchases, bolstered by a new 10-year colocation agreement with Nscale Global Holdings worth approximately $865 million. Following these developments, analysts have adjusted their price targets for the company, which has a market cap of $733 million and a low debt-to-equity ratio of 0.09.