WhiteFiber Acquires Two North Carolina Sites for Data Center Retrofits

WhiteFiber, an AI cloud company backed by Bitcoin miner Bit Digital, has signed a definitive agreement to acquire two industrial properties in Yadkin County, North Carolina, for $60 million, with plans to convert the former manufacturing facilities into data center campuses. The deal, announced this week, marks the company's latest expansion in the southeastern United States as demand for AI infrastructure continues to outpace supply.

The two sites, acquired from textiles manufacturer Unifi Manufacturing Inc., will be developed into data center campuses designated NC-2 and NC-3. WhiteFiber expects the properties to deliver a combined minimum of 60MW of initial gross utility capacity, with 30MW allocated to each site, and is targeting initial ready-for-service capacity in the third quarter of 2027. The transaction includes approximately 120 acres of land and 500,000 square feet (46,450 square meters) of warehouse space across the two locations, according to Unifi's separate announcement.

Beyond the initial phase, WhiteFiber said the NC-2 and NC-3 campuses could potentially support up to approximately 200MW of combined gross utility capacity over time, a scale that would position the sites as significant contributors to the region's digital infrastructure landscape. The company noted it is already in advanced discussions with prospective customers and has received non-binding letters of intent backed by investment-grade credit support for capacity at the Yadkin County locations.

"This agreement is an important next step in scaling WhiteFiber's data center platform," said Sam Tabar, CEO of WhiteFiber. "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."

The acquisition was executed through Enovum Data Centers Corp., WhiteFiber's wholly owned data center subsidiary, and is expected to close in the fourth quarter of 2026. The new sites are located approximately 55 miles (88.5 kilometers) from WhiteFiber's existing 40MW NC-1 data center campus in Madison, North Carolina, which went live over the summer after being converted from a former Unifi manufacturing facility.

For Unifi, the transaction represents a strategic portfolio optimization. "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, CEO of Unifi Inc. "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."

The acquisition comes amid a broader surge in data center development driven by AI workloads, with operators racing to secure power capacity and real estate in secondary markets across the US. WhiteFiber's strategy of retrofitting existing industrial facilities rather than building from scratch reflects a growing industry trend aimed at reducing construction timelines and capital costs.

Founded in 2024 by Bit Digital, which also owns Canadian colocation provider Enovum, WhiteFiber has quickly established itself as a notable player in the AI infrastructure space. The company offers capacity in Canada through Enovum facilities and was taken public by Bit Digital last year. Known customers of the group include Cerebras, Nscale, and Modal Labs, the latter through Hyperbolic. WhiteFiber also operates out of a third-party facility in Blönduós, Iceland, and is leasing capacity in Atlanta, Georgia, and Paris, France.

In its second-quarter 2026 earnings report released this month, WhiteFiber posted total revenues of $28.8 million, up 54 percent from $18.7 million in the same period of 2025. The company reported an operating loss of $9.3 million for the quarter and a net loss of $15 million. Cloud services revenue reached $23.8 million, a 43 percent increase from $16.6 million a year earlier, including approximately $12.3 million associated with a previously disclosed customer termination. Colocation revenue grew 173 percent to $4.7 million from $1.7 million in the prior-year period.

This month also saw WhiteFiber announce a partnership with Krambu Inc., a California-based data center developer, operator, and AI cloud firm founded in 2017. Through the collaboration, WhiteFiber aims to increase its data center capacity for GPU infrastructure deployments by 100MW over 2027 and beyond. Krambu offers Nvidia-based GPU hardware and servers from Supermicro, along with colocation and cloud services, positioning the partnership to address growing demand for high-performance computing capacity.

The North Carolina acquisitions and the Krambu partnership underscore WhiteFiber's aggressive growth trajectory as it seeks to scale its platform amid intensifying competition in the AI data center market. With initial capacity targeted for 2027 and strong customer interest already indicated, the company appears well-positioned to capitalize on sustained demand for AI infrastructure across North America and beyond.