WhiteFiber Puts NC-1’s 40 Megawatts Online Under Nscale Deal

WhiteFiber has brought all 40 megawatts at its NC-1 site into operation under an existing 10-year agreement with Nscale, with billing started for the first half of the capacity.

Enovum NC-1 Bidco, LLC, a wholly owned WhiteFiber subsidiary, entered the agreement in November 2025. The initial service order spans 10 years and carries about $865 million in contracted revenue, including rate escalators and installation services.

Billing for the first 20 MW began Aug. 15, 2026. The remaining 20 MW was operational by the report date. The contract value covers the full service order, while the reported billing milestone applies to the first 20 MW.

During the third quarter, NC-1’s first 20 MW began contributing to colocation revenue, which totaled $5.6 million. Bit Digital separately recorded $18.1 million in Cloud Services revenue. The company’s third-quarter earnings also included results from its other operations.

Bit Digital is weighing share repurchases as an option. A repurchase program requires shareholder approval, and the company needs a funding plan before seeking that approval.