WhiteFiber signs 10-year, $865M colocation deal with Nscale for 40 MW at NC-1 campus

WhiteFiber, Inc.

Total contracted revenue ~$865M over 10-year term with 3% annual escalators, excluding electricity passthrough.
40 MW IT load deployed in two 20 MW phases; billing for Phase 1 starts April 30, 2026, Phase 2 May 30, 2026.
NC-1 facility is Tier 3-equivalent, supports up to 150 kW/cabinet with N+1 cooling; targeted PUE ≤1.3.
WhiteFiber has invested ~$150M equity in site; expects to formalize a credit facility early Q1 2026.
Nscale gets priority on future capacity; WhiteFiber sees potential to double deployment to 80 MW by end of 2027.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

WhiteFiber, Inc. entered into Services Agreement with Nscale Services US Inc. and Nscale Global Holdings Limited valued at $865 million total contracted revenue over initial 10-year term (effective 2025-11-22).

Action: entry
Counterparty: Nscale Services US Inc. and Nscale Global Holdings Limited
Value: $865 million total contracted revenue over initial 10-year term
Effective: 2025-11-22

Exact text from the filing

On November 22, 2025, Enovum NC-1 Bidco, LLC (“ Enovum ”), a wholly-owned subsidiary of WhiteFiber, Inc. (the “ Company ”), entered into a master services agreement (the “ Services Agreement ”) with Nscale Services US Inc. and Nscale Global Holdings Limited (together, the “ Customer ”) pursuant to which Enovum agreed to provide certain services (the “ Services ”), as set forth in a service order(s) (each, a “ Service Order ”), to the Customer at Enovum’s colocation facility located in Madison, North Carolia, or the NC-1 Facility.

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WhiteFiber, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-123321

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