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The financing increases liquidity, reduces near-term debt, and funds a substantial expansion, supporting a stronger growth trajectory and potential multiple expansion if execution meets targets.
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WhiteFiber announced the closing of an upsized $310 million convertible senior notes offering, with a $40 million option. Net proceeds of about $298.5 million will fund data-center expansion and a concurrent note exchange, reducing near-term debt. Management targets 100 MW of added capacity by 2027, with site preparation and equipment orders beginning in 2026.
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