WhiteFiber Taps North Carolina for Strategic AI Data Center

WhiteFiber Inc., a wholly-owned HPC subsidiary of Bit Digital, Inc. (NASDAQ:BTBT), has completed the acquisition of a 96-acre, ~1 million square foot industrial property at Madison, North Carolina, to develop a flagship AI data center campus.

WhiteFiber Taps North Carolina for Strategic AI Data Center

A team of technicians working on a server of bitcoin mining equipment in a data center.

The company has entered a contract with Duke Energy to make the 99 MW of power available for the facility. While the company is working to make the first phase of the data center operational by the end of this year, the plans for the long haul are contingent on further agreements. The utility’s preliminary study shows that it can handle up to 200 MW over time, as long as it secures Electricity Service Agreements from Duke Energy, with other conditions met. The CEO of Bit Digital, Inc. (NASDAQ:BTBT) made the following comment:

“The location, size, and power profile make it a rare asset, which we believe will be foundational to meet accelerating demand from AI customers and pursue long-term value creation for shareholders.”

From North Carolina Governor Josh Stein to Local officials from Madison and Rockingham County, the act is appreciated by many. With a planned investment of more than $1 billion and the creation of more than 60 jobs, no wonder it’s considered a cornerstone asset for the company.

Having said that, this $45 million purchase looks even better given its strategic relevance, positioning it well to capitalize on the ever-evolving AI inference workload needs.

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