WhiteFiber Plans $200 Million Convertible Senior Notes Offering
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.
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WhiteFiber Inc. announced a proposed private placement of $200 million in convertible senior notes due 2031 for qualified institutional buyers. The company will offer an additional $30 million in notes within 13 days of issuance.
Proceeds will fund data center expansion, property acquisition, and equipment purchases. WhiteFiber has a market cap of $733 million and a low debt-to-equity ratio of 0.09. Additionally, it has entered a 10-year colocation agreement with Nscale Global Holdings valued at approximately $865 million. Analysts have adjusted price targets for WhiteFiber following recent developments.
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