Markets Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail WhiteFiber NC-1 deal is promising, says B. R Markets Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail WhiteFiber NC-1 deal is promising, says B. R

WhiteFiber NC-1 deal is promising, says B. Riley, seeing 127% upside after stock price plunge

Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail

WhiteFiber NC-1 deal is promising, says B. Riley, seeing 127% upside after stock price plunge

The analyst team said the first long-term co-location agreement at NC-1 validates WhiteFiber’s retrofit model.

By Will Canny, AI Boost|Edited by Stephen Alpher
Dec 24, 2025, 2:31 p.m.
WhiteFiber lands flagship NC-1 deal, stock has more than 100% potential upside: B. Riley. (Unsplash, modified by CoinDesk)

What to know:

  • B. Riley said WhiteFiber’s NC-1 Nscale deal backs the company's timeline and execution.
  • Lender talks for a construction facility are advanced, with potential credit enhancements.
  • The bank's analysts reiterated their buy rating on the stock while trimming their price target to $40 from $44 following the stock's more than 50% decline from record highs.

Data center developer WhiteFiber's (WYFI) first long-term colocation deal at its flagship NC-1 campus with Nscale Global supports management’s execution and its original deployment timeline, investment bank B. Riley said in a report Tuesday.

"We believe WYFI's reaffirmation of its original deployment timeline demonstrates its execution capability and the benefit of the company's retrofit model," wrote analysts Nick Giles and Fedor Shabalin.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up

The analysts reiterated their buy rating on the stock while trimming their price target to $40 from $44 to reflect more conservative Cloud Services assumptions. That would be about 127% upside from last night's close of $17.62, down more than 50% from a record high two months ago.

The analysts noted that WhiteFiber is in advanced talks with lenders on a construction facility expected to close in early 2026, potentially with an accordion feature and credit enhancements that could lower its cost of capital.

On valuation, B. Riley said WhiteFiber trades at about 11x EV/EBITDA on its 2026 estimates and roughly 8x EV/EBITDA on its 4Q26 adjusted EBITDA run-rate, which it views as a meaningful discount to peers in the mid- to high-teens.

Read more: WhiteFiber signs 10-year, 40 MW colocation deal with Nscale valued at about $865 million

AIData CentersB. Riley
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

More For You

State of the Blockchain 2025

Commissioned byInput Output Group

L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.

What to know:

2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.

This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.

View Full Report

More For You

XRP price reaction muted even as new income-generation opportunity appears

XRP's price action aligns with broader market trends, but, contrarily, negative social sentiment may signal a potential rebound.

What to know:

  • XRP's price fell 1.7%, in line with the broader crypto market
  • A new vault for generating returns, earnXRP, simplifies DeFi strategies and pays yields in XRP.
  • Negative social sentiment may signal a potential rebound, according to Santiment.
Read full story
Latest Crypto News

EU’s crypto tax reporting starts in January with threat of asset seizure

XRP price reaction muted even as new income-generation opportunity appears

Aptos' APT drops as token tracks broader crypto market weakness

Crypto M&A hits record $8.6 billion in 2025 as Trump’s regulatory stance spurs deals

Trump Media shuffles 2,000 BTC after fresh bitcoin inflows

HashKey Capital's $500 million-target blockchain fund raises $250 million in first round

Top Stories

Bitcoin continues to slip against gold, testing the 'safe haven' trade

Polymarket points to third-party login tool after users report account breaches

Gold knocks on a door that's been shut for 50 years as bitcoin tests a defining support

‘Most important tokenholder rights debate’: Aave faces identity crisis

Bitcoin nears breakout from the $85,000-$90,000 range as options expiry looms

Trump Media shuffles 2,000 BTC after fresh bitcoin inflows

Market Opportunity
Node Pay Logo
Node Pay Price(NC)
$0.002206
$0.002206$0.002206
+3.22%
USD
Node Pay (NC) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

The Rise of the Heli-Trek: How Fly-Out Adventures Are Redefining Everest Travel

The Rise of the Heli-Trek: How Fly-Out Adventures Are Redefining Everest Travel

Planning to embark on a Gokyo Ri Trek, Mera Peak, or Island Peak? Keep reading to know how the “Fly-Out” model is evolving Khumbu travel.  For a very long time,
Share
Techbullion2025/12/25 12:26
Trend Research Expands Ethereum Holdings with Major 46,379 ETH Purchase

Trend Research Expands Ethereum Holdings with Major 46,379 ETH Purchase

The acquisition represents substantial capital deployment into Ethereum at a time when institutional cryptocurrency adoption continues accelerating across both public and private companies seeking digital asset exposure beyond Bitcoin, which has traditionally dominated corporate treasury strategies.
Share
MEXC NEWS2025/12/25 14:14
One Of Frank Sinatra’s Most Famous Albums Is Back In The Spotlight

One Of Frank Sinatra’s Most Famous Albums Is Back In The Spotlight

The post One Of Frank Sinatra’s Most Famous Albums Is Back In The Spotlight appeared on BitcoinEthereumNews.com. Frank Sinatra’s The World We Knew returns to the Jazz Albums and Traditional Jazz Albums charts, showing continued demand for his timeless music. Frank Sinatra performs on his TV special Frank Sinatra: A Man and his Music Bettmann Archive These days on the Billboard charts, Frank Sinatra’s music can always be found on the jazz-specific rankings. While the art he created when he was still working was pop at the time, and later classified as traditional pop, there is no such list for the latter format in America, and so his throwback projects and cuts appear on jazz lists instead. It’s on those charts where Sinatra rebounds this week, and one of his popular projects returns not to one, but two tallies at the same time, helping him increase the total amount of real estate he owns at the moment. Frank Sinatra’s The World We Knew Returns Sinatra’s The World We Knew is a top performer again, if only on the jazz lists. That set rebounds to No. 15 on the Traditional Jazz Albums chart and comes in at No. 20 on the all-encompassing Jazz Albums ranking after not appearing on either roster just last frame. The World We Knew’s All-Time Highs The World We Knew returns close to its all-time peak on both of those rosters. Sinatra’s classic has peaked at No. 11 on the Traditional Jazz Albums chart, just missing out on becoming another top 10 for the crooner. The set climbed all the way to No. 15 on the Jazz Albums tally and has now spent just under two months on the rosters. Frank Sinatra’s Album With Classic Hits Sinatra released The World We Knew in the summer of 1967. The title track, which on the album is actually known as “The World We Knew (Over and…
Share
BitcoinEthereumNews2025/09/18 00:02