WhiteFiber (WYFI), a Nasdaq-listed data center and colocation provider focused on AI and high-performance computing, said its Enovum Data Centers subsidiary has signed a long-term colocation agreement with Nscale Global Holdings, a provider of AI infrastructure and cloud services, in a press release Thursday.
Shares rose 13% in after-hours trading to $16.19 after news of the deal.
The deal covers 40 megawatts (MW) of critical IT load at WhiteFiber’s NC-1 data center campus in Madison, North Carolina, with rollout planned in two 20-MW phases, the company said.
The agreement represents approximately $865 million in agreed revenue over an initial 10-year period, including escalators and one-off installations, but excluding electricity and certain other throughput costs.
The data center provider was spun off from legacy miner Bit Digital ( BTBT ) and went public in August of this year, selling 9.4 million shares in an elevated IPO to raise about $160 million in gross proceeds.
Bitcoin miners are increasingly pivoting to AI to monetize power contracts and infrastructure. Hut 8 rose as much as 20% on Wednesday after signing a 15-year, $7 billion lease with Fluidstack for 245 MW of IT capacity at the River Bend campus.
WhiteFiber described the facility as Tier 3 equivalent and “ultra-high-density”, designed to support up to 150 kilowatts (kW) per cabinet with fully redundant power distribution and N+1 cooling and targeting an average power consumption efficiency of 1.3 or better.
The company said the campus is supported by a 99 MW capacity agreement with Duke Energy and that management believes the site can support up to 200 MW of total electrical supply over time, depending on infrastructure upgrades and other conditions.
WhiteFiber has invested about $150 million in equity in the NC-1 site and is in advanced discussions with lenders about financing options for construction and broader growth. It expects to formalize a credit facility at the beginning of January 1. quarter 2026 and is evaluating potential credit enhancement structures.
“This agreement validates our strategy to engineer NC-1 to meet hyperscaler specifications and support the most advanced AI workloads,” WhiteFiber CEO Sam Tabar said in the release.
“We look forward to working closely with Nscale as we plan the potential expansion of this deployment towards double its original size by the end of 2027,” he added.
Read more: Hut 8 stock surges 20% on Fluidstack AI data center deal
