WhiteFiber, Inc. completed an upsized private offering of $310.0 million aggregate principal amount of 5.00% Convertible Senior Notes due 2032 on August 21, 2026, including the full exercise of the initial purchasers' option to purchase an additional $40.0 million in notes. The company received net proceeds of approximately $298.5 million after deducting discounts and offering expenses. Concurrently, WhiteFiber exchanged $198.15 million in aggregate principal amount of its 4.500% Convertible Senior Notes due 2031 for approximately $118.5 million in cash (including accrued interest) and roughly 6.3 million ordinary shares, reducing the outstanding principal of the existing notes to approximately $31.85 million. The company used approximately $118.5 million of the net proceeds from the new offering to fund the cash consideration for these note exchange transactions. The remaining net proceeds are intended primarily for data center expansion, including funding property leases or purchases, construction, energy service agreements, and GPU server equipment for its cloud business, as well as potential acquisitions and working capital. WhiteFiber operates in the artificial intelligence infrastructure and high-performance computing sector, owning HPC data centers and providing cloud services.

WhiteFiber, Inc., through its subsidiary Enovum Data Centers Corp., entered into a Real Estate Purchase and Sale Agreement to acquire two industrial properties in Yadkin County, North Carolina, for $60.0 million. The transaction includes an earnest money deposit of $2.25 million and is expected to close approximately 45 days after the inspection period expires on September 15, 2026. The sites will be retrofitted into data center campuses designated NC-2 and NC-3, providing a combined minimum initial capacity of 60 megawatts with potential for up to 198 megawatts over time. WhiteFiber targets ready-for-service status in the third quarter of 2027 and has received non-binding letters of intent from prospective customers. The company operates in the artificial intelligence infrastructure sector, owning high-performance computing data centers and providing cloud services.

WhiteFiber, Inc. announced the resignation of Erke Huang as Chief Financial Officer and a director, effective August 1, 2026, with Huang transitioning to Senior Advisor. The Board appointed Justin Zhu as the new Chief Financial Officer, Principal Financial Officer, and Principal Accounting Officer, also effective August 1, 2026. Zhu’s employment agreement includes an annual base salary of $450,000 and a signing bonus of RSUs valued at $100,000. Additionally, David Andre resigned from the Board, while Sam Tabar (CEO) and Michael Rulf were elected as directors. The Board increased Pruitt Hall’s director compensation to $270,000 per annum. WhiteFiber, Inc. operates in the technology sector, providing AI infrastructure and cloud services.