Bit Digital's WhiteFiber Acquires North Carolina Property for $1 Billion AI Data Center Investment

Reuters2025-06-02

Bit Digital's WhiteFiber Acquires North Carolina Property for $1 Billion AI Data Center Investment

WhiteFiber Inc., the wholly-owned HPC subsidiary of Bit Digital, Inc., has completed the acquisition of a 96-acre, approximately 1 million square foot industrial property in Madison, North Carolina. This facility will be transformed into a flagship AI data center campus. The purchase was funded using $45 million in cash on hand. Bit Digital plans to engage in commercial mortgage financing for the site. The property will support up to 200 MW of high-performance computing power, with the first 24 MW expected to be operational by the end of 2025. This acquisition is seen as a significant step in scaling Bit Digital's AI infrastructure platform.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bit Digital Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN00184) on June 02, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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