Overview
- Delivery will be split into two 20 MW phases, with billing targeted for April 30 and May 30, 2026.
- The 10-year modified-gross lease includes 3% annual escalators on service fees and passes through electricity, PUE and property taxes, with milestone installation payments.
- NC-1 is built for hyperscaler-class AI loads—Tier 3-equivalent, up to 150 kW per cabinet and a targeted ~1.3 PUE—supported by a 99 MW Duke Energy agreement and potential expansion toward ~200 MW.
- WhiteFiber has invested about $150 million of equity and expects to formalize a construction credit facility in early Q1 2026 while evaluating investment-grade credit enhancements.
- Following the announcement, WhiteFiber shares rose roughly 13% in after-hours trading to $16.19.