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WhiteFiber has struck a $60 million deal to acquire two industrial properties in Yadkin County, North Carolina, with plans to convert the former manufacturing sites into data center campuses.
The AI cloud firm said the properties will be retrofitted into facilities known as NC-2 and NC-3. Together, the two sites are expected to provide a combined minimum of 60MW of initial gross utility capacity, with 30MW at each location. WhiteFiber is targeting initial ready-for-service capacity in the third quarter of 2027.
The sites were acquired from Unifi Manufacturing, Inc. According to Unifi, the transaction includes about 120 acres of land and 500,000 square feet of warehouse space across two separate locations in Yadkin County. WhiteFiber said the campuses could eventually support up to approximately 200MW of combined gross utility capacity over time.
The deal was made through WhiteFiber’s wholly owned data center subsidiary, Enovum Data Centers Corp., and is expected to close in Q4 2026.
The new properties are reportedly about 55 miles from WhiteFiber's 40MW NC-1 data center campus in Madison, North Carolina. That facility, also previously a manufacturing site owned by Unifi, went live over the summer.
"This agreement is an important next step in scaling WhiteFiber's data center platform", said Sam Tabar, WhiteFiber CEO. "NC-2 and NC-3 would expand our North Carolina footprint near NC-1, allowing us to build on the capabilities and relationships we have established in the region. With strong prospective customer interest and initial capacity targeted for 2027, we believe these properties can become a meaningful next phase of our growth. We look forward to working closely with local stakeholders and being a responsible long-term partner to the community."
WhiteFiber said it is in "advanced discussions" with prospective customers and has received non-binding letters of intent with investment-grade credit support around the Yadkin sites.
Unifi said the transaction is part of an effort to streamline its US business while preserving current production capacity at its Yadkin County campus.
"This transaction demonstrates our focus on optimizing the efficiency of our US business and makes Unifi a leaner and more profitable organization", said Eddie Ingle, Unifi Inc. CEO. "Working with the buyer, we were able to identify portions of our real estate portfolio that would be most beneficial to a new owner while being least impactful to our ongoing operations and production capacity. This carve-out of assets is expected to have minimal operational impact to our business and create no downtime in our daily processes. Our US-based operations will maintain their current production capacities, and there will be no changes to how we service our customers out of Unifi’s Yadkin County campus. Upon closing this transaction, Unifi would retire a substantial amount of debt and significantly improve its financial flexibility."
WhiteFiber was founded in 2024 by Bitcoin mining company Bit Digital, which also owns Canadian colocation provider Enovum. WhiteFiber offers capacity in Canada out of Enovum facilities, and Bit Digital took WhiteFiber public last year.
The company also operates out of a third-party facility in Blönduós, Iceland, and is leasing capacity in Atlanta, Georgia, and Paris, France. Cerebras, Nscale, and Modal Labs are known customers of the group, the latter through Hyperbolic.
In its Q2 2026 earnings report this month, the company reported total revenues of $28.8 million, up 54 percent from $18.7m in the second quarter of 2025. Operating loss was $9.3m for the quarter, and net loss was $15m. Cloud Services revenue was $23.8m, an increase of 43 percent from $16.6m in the prior-year period, including approximately $12.3m associated with a previously disclosed customer termination. Colocation revenue was $4.7m, up 173 percent from $1.7m in the prior-year period.
This month, WhiteFiber also announced a partnership with Krambu, Inc. Under that arrangement, WhiteFiber aims to increase its data center capacity for GPU infrastructure deployments by 100MW over 2027 and beyond with Krambu.
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