WhiteFiber initiated with a Buy at Needham

Needham initiated coverage of WhiteFiber (WYFI) with a Buy rating and $34 price target WhiteFiber’s North Carolina site is “one of the most attractive sites out there” with available ultra-low latency, inference supporting near term capacity and expansion opportunity, says the analyst, who believes shares should re-rate in the event WhiteFiber can convert the Letter of Intent for 24 MW at North Carolina to a finalized lease.