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$60 million in cash is the acquisition price WhiteFiber (NASDAQ: WYFI) agreed Monday to pay for two industrial properties in Yadkin County, North Carolina, implying $1 million per gross megawatt against the 60 MW of combined initial utility capacity the company projects for its planned NC-2 and NC-3 campuses.
Conversion costs, development spend, and rack density were not disclosed, so the ratio reflects acquisition cost only.
| Metric | Figure | Label | |---|---|---| | Acquisition price | $60M | Reported | | Initial gross utility capacity | 60 MW | Projected | | Long-term gross capacity | 200 MW | WhiteFiber estimate | | Acquisition cost per initial gross MW | $1M | Calculated | | Initial RFS target | Q3 2027 | Projected | | NC-1 contracted IT load | 40 MW | Contracted | | Nscale deal revenue (10 years) | $865M | Contracted | The sites sit about 55 miles from WhiteFiber's NC-1 campus in Madison.
WhiteFiber targets properties with existing industrial infrastructure as part of a retrofit-first strategy, citing shorter development timelines and better capital efficiency compared with greenfield construction.
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