WhiteFiber, Inc., a company specializing in artificial intelligence infrastructure and high-performance computing solutions, has successfully completed an upsized private offering of convertible senior notes totaling $230 million. The transaction was advised by the law firm White & Case LLP.
The funds raised are expected to support WhiteFiber’s ongoing development and expansion efforts in the AI and HPC markets.
**Why this matters**
This financing round provides WhiteFiber with additional capital to enhance its technology and scale operations amid growing demand for AI and high-performance computing solutions. Convertible senior notes offer investors potential equity upside while providing the company with flexible financing.
Source: NewsData