Is WhiteFiber (WYFI) Quietly Redefining Its AI Data Center Strategy With The NC-1 Anchor Deal?

WhiteFiber’s Enovum Data Centers subsidiary previously signed a 10-year colocation agreement with Nscale Global Holdings for 40 megawatts of IT load at the NC-1 AI data center campus in Madison, North Carolina, carrying an estimated US$865 million in contracted revenue. The deal makes Nscale the anchor tenant at NC-1, giving WhiteFiber clearer long-term revenue visibility and support for potential campus expansion tailored to advanced AI workloads. Next, we’ll explore how anchoring NC-1 with a long-term, AI-focused tenant agreement shapes WhiteFiber’s broader investment narrative. AI is about to change healthcare. These 29 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early.What Is WhiteFiber's Investment Narrative?To own WhiteFiber, you need to believe it can turn rapid top-line growth and an AI-first infrastructure footprint into sustainable, profitable cash flows before its limited cash runway becomes an issue. The new 10-year, US$865 million NC-1 contract with Nscale sharpens that story: it adds long-term revenue visibility, supports financing conversations for further buildout, and directly ties WhiteFiber to AI infrastructure demand at scale. In the near term, key catalysts now cluster around execution on NC-1 (on-time capacity delivery, phase-in of the 40 MW load, and starting billing from 2026) and any follow-on tenant or expansion announcements. The biggest risks shift less around demand and more around balance sheet strain, execution risk on a single flagship campus, and a still-young, loss-making organization being priced at a premium to peers. However, investors should also weigh how WhiteFiber’s short cash runway intersects with its capital-intensive buildout plans. Our valuation report here indicates WhiteFiber may be overvalued.Exploring Other PerspectivesWYFI 1-Year Stock Price Chart Seven Simply Wall St Community fair value estimates span about US$10.61 to over US$160 per share, reflecting very different views on WhiteFiber’s upside. Set against the company’s fast growth, deep losses and reliance on capital-heavy AI data centers, that spread underlines why it can help to compare multiple perspectives before forming your own view.Explore 7 other fair value estimates on WhiteFiber - why the stock might be worth over 9x more than the current price!Build Your Own WhiteFiber NarrativeDisagree with this assessment? Create your own narrative in under 3 minutes - extraordinary investment returns rarely come from following the herd.A great starting point for your WhiteFiber research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.Our free WhiteFiber research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate WhiteFiber's overall financial health at a glance.Contemplating Other Strategies?Early movers are already taking notice. See the stocks they're targeting before they've flown the coop:We've found 12 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.The end of cancer? These 29 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's.This technology could replace computers: discover 28 stocks that are working to make quantum computing a reality. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.Mobile Infrastructure for Defense and DisasterThe next wave in robotics isn't humanoid. Its fully autonomous towers delivering 5G, ISR, and radar in under 30 minutes, anywhere.Get the investor briefing before the next round of contractsSponsored On Behalf of CiTech