WhiteFiber Announces Pricing of Upsized $270.0 Million Convertible Senior Notes Offering

WhiteFiber, Inc. (WYFI) closed a $310.0 million convertible senior notes offering, including an additional $40.0 million from an option. The notes have a 5.00% interest rate and mature in 2032. The company received $298.5 million in net proceeds, using $118.5 million to pay for existing notes and the rest for data center expansion, acquisitions, and general corporate purposes. Concurrently, WhiteFiber exchanged $198.15 million in existing notes for $118.5 million in cash and 6.3 million shares,

WhiteFiber (WYFI) shares fell 25% after issuing $270M in convertible debt, raising concerns about sector-wide debt in AI and data center providers.

WhiteFiber (WYFI) acquired two North Carolina sites for $60M, prompting Needham to raise its price target to $41, citing 39% upside. The sites could support 60 MW initially, with 200 MW potential. Needham increased 2027 revenue and EBITDA estimates, valuing WYFI at 12.5x EV/EBITDA. The deal is expected to close Q4, with tenant discussions ongoing.

WhiteFiber (WYFI) announced a $250M convertible notes offering, with potential for $37.5M more. Proceeds will fund data center expansion and acquisitions. Shares fell 24.27% after-hours, 10.81% during regular trading. The company had $60.4M in cash as of June 30, according to the company.

WhiteFiber (WYFI) plans to offer $250M in convertible senior notes due 2032, with an option for $37.5M more. Proceeds will fund data center expansion, acquisitions, and general corporate purposes. The offering is contingent on concurrent note exchange transactions with existing noteholders.

WhiteFiber, Inc. (WYFI) plans to offer $250M in Convertible Senior Notes due 2032, with an option for $37.5M more. Proceeds will fund data center expansion, potential acquisitions, and other corporate purposes. The offering is contingent on note exchange transactions and may impact share prices.