Entry into a Material Definitive Agreement · Regulation FD Disclosure
Item 1.01. Entry into a Material Definitive Agreement. Real Estate Purchase and Sale Agreement On August 16, 2026, WhiteFiber, Inc. (the “Company”), through its wholly owned subsidiary, Enovum Data Centers Corp., a Canadian corporation (the “Buyer”), and Unifi Manufacturing, Inc.…
Filed Aug 17, 2026Accepted Aug 17, 2026, 8:00 AM EDTCIK 2042022Accession 0001213900-26-090492
We are currently a wholly-owned subsidiary of Bit Digital. We intend to sell approximately 25.7% of our issued and outstanding Ordinary Shares to the public as part of this offering. On July 30, 2025, we entered into a Contribution Agreement with Bit Digital, pursuant to which Bit Digital agreed to contribute its HPC business through the transfer of 100% of the capital shares of its cloud services subsidiary, WhiteFiber AI, Inc. and its wholly-owned subsidiaries WhiteFiber HPC, Inc., WhiteFiber Canada, Inc., WhiteFiber Japan G.K. and WhiteFiber Iceland, ehf, to the Company, upon the effectiveness of the registration statement of which this prospectus is a part and prior to the consummation of this offering (the “Contribution”). In connection with the Contribution, we will issue 27,043,749 Ordinary Shares to
Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01. Entry into a Material Definitive Agreement.
Real Estate Purchase and Sale Agreement
On August 16, 2026, WhiteFiber, Inc. (the “Company”), through
its wholly owned subsidiary, Enovum Data Centers Corp., a Canadian corporation (the “Buyer”), and Unifi Manufacturing,
Inc. (“UMI”), a wholly owned subsidiary of Unifi, Inc., entered into a Real Estate Purchase and Sale Agreement, dated
as of August 16, 2026 (the “Purchase Agreement”). Pursuant to the Purchase Agreement, UMI agreed to sell to Buyer, and Buyer
agreed to purchase from UMI, certain real property, as identified in the Purchase Agreement, consisting of industrial/manufacturing building
spaces and certain land underlying and surrounding the same located in Yadkin County, North Carolina, for a cash purchase price of $60.0
million (the “Purchase Price”). An earnest money deposit of $2.25 million will be deposited in escrow pursuant to the terms
of the Purchase Agreement, of which $1.0 million may become non-refundable to Buyer if Buyer elects to extend the inspection period pursuant
to the terms of the Purchase Agreement. Unless accelerated pursuant to the terms of the Purchase Agreement, the closing of the transaction
contemplated by the Purchase Agreement (the “Closing”) is scheduled to occur on the date that is forty-five (45) days after
the expiration of the Inspection Period (as defined in the Purchase Agreement). The Inspection Period will expire on September 15, 2026,
unless extended by the Buyer.
The Purchase Agreement contains customary representations and warranties,
which shall survive for twelve months following the Closing. Pursuant to the terms of the Purchase Agreement, UMI shall not have indemnification
obligations for the breach of representations and warranties made in the Purchase Agreement until all losses of Buyer, individually or
in the aggregate, equal to or exceed $0.1 million, in which case UMI shall be obligated to indemnify Buyer from and against such losses
in an amount not to exceed three percent (3%) of the Purchase Price. The Purchase Agreement contains customary closing conditions, as
well as conditions (i) requiring confirmation of certain available energy capacity and an energy study verifying potential energy capacity
of the transferred property, (ii) requiring receipt of applicable governmental and other third party approvals for separating, and the
parties’ agreement on ancillary documents necessary to separate, the transferred property from UMI’s remaining property, and
(iii) requiring the parties’ agreement on the terms of post-closing occupancy agreements and a partial lease back of some of the
transferred property.
Each of the two properties
covered in the Purchase Agreement is expected to be served with a minimum of 30 megawatts of gross electrical power supply, for a combined
minimum of 60 megawatts across the properties, with the potential for up to an additional 69 megawatts of gross electrical power supply
per property to become available within seven years after the date of the Closing, representing a potential combined maximum of up to
198 megawatts across the properties, in each case subject to confirmation as a condition to Closing.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.
On August 17, 2026, the Company
issued a press release announcing the Purchase Agreement. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated
herein by reference.
The information contained
in this Item 7.01 of this Current Report and in Exhibit 99.1 hereto, shall not be deemed “filed” for purposes of Section 18
of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section,
nor shall it be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as
expressly set forth by specific reference in such filing.
Filed exhibits (1)
EX-99.1 (by filename) ea030233401ex99-1.htm
EX-99.1
2
ea030233401ex99-1.htm
PRESS RELEASE, DATED AUGUST 17, 2026
Exhibit 99.1
WhiteFiber Expands North Carolina Data Center
Footprint with Agreement to Acquire Two New Development Sites
NC-2 and NC-3 would add 60 MW of initial capacity,
with the potential to support approximately 200 MW over time
NEW YORK, August 17, 2026 /PRNewswire/ -- WhiteFiber, Inc. (NASDAQ:
WYFI) (“WhiteFiber” or the “Company”), a leading provider of AI infrastructure and high-performance computing solutions,
today announced that, through its wholly owned subsidiary Enovum Data Centers Corp., it has entered into a definitive agreement to acquire
two industrial properties in Yadkin County, North Carolina. WhiteFiber intends to retrofit the properties into data center campuses to
be known as NC-2 and NC-3.
Located approximately 55 miles from WhiteFiber’s NC-1 data center campus
in Madison, North Carolina, NC-2 and NC-3 would significantly expand the Company’s presence in the state. Their proximity to NC-1 would
allow WhiteFiber to build on the regional development experience, operating capabilities and relationships it has established through
its existing campus.
The properties are expected to prov…