WhiteFiber, Inc. Announces $60M Real Estate Purchase Agreement

What Happened
WhiteFiber, Inc., through its wholly owned subsidiary Enovum Data Centers Corp., announced on August 16, 2026 that it entered into a Real Estate Purchase and Sale Agreement to buy certain industrial/manufacturing buildings and land in Yadkin County, North Carolina from Unifi Manufacturing, Inc. for a cash purchase price of $60.0 million. An earnest money deposit of $2.25 million will be placed in escrow (up to $1.0 million may become non‑refundable if the Buyer extends the inspection period). The inspection period currently expires September 15, 2026, and closing is scheduled for 45 days after the inspection period unless accelerated.

Key Details

• Purchase price: $60.0 million; earnest money deposit: $2.25 million (up to $1.0M may become non‑refundable).
• Closing timeline: inspection period to expire Sept 15, 2026 (unless extended); closing 45 days after inspection period expiration.
• Seller indemnity: Buyer must incur losses ≥ $0.1M before seller indemnity applies; seller liability capped at 3% of the purchase price (≈ $1.8M).
• Power capacity: each property expected to have at least 30 MW gross (combined min 60 MW); potential additional up to 69 MW per property within seven years, for a combined potential maximum of up to 198 MW, subject to confirmation before closing.
• Conditions to closing include confirmation of available energy capacity, required government/third‑party approvals to separate the transferred property, and agreement on post‑closing occupancy/partial leaseback terms.

Why It Matters
This transaction, if completed, expands WhiteFiber’s physical footprint and potential data center capacity in North Carolina—an important operational factor because available electrical power (megawatts) is critical to data center development. The $60M price and $2.25M deposit are concrete near‑term cash commitments, but the purchase remains conditional (energy confirmations, approvals, and lease/occupancy agreements). The seller’s limited indemnity (threshold and low cap) reduces post‑closing recourse for the buyer, which is a material contractual term investors should note. A press release announcing the agreement was furnished as Exhibit 99.1 to the Form 8‑K.