WhiteFiber's NC-1 Deal Signals 127% Upside: B. Riley

WhiteFiber's NC-1 Deal Signals 127% Upside: B. Riley

WhiteFiber's stock experienced a significant plunge before B. Riley Financial's analysts projected a 127% upside following the company's first long-term co-location agreement at NC-1. The agreement, seen as a validation of WhiteFiber's retrofit model, comes at a time when the broader crypto infrastructure market is showing signs of stabilization and growth.

Price Action Details

As of December 24, 2025, WhiteFiber's stock price stands at $12.35, reflecting a 24-hour change of -5.2%, a 7-day change of -12.8%, and a 30-day change of -20.1%. Key support levels are identified at $11.50 and $10.00, with resistance at $13.00 and $15.00. Trading volume today reached 1.2 million shares, surpassing the 30-day average of 800,000 shares. This movement has impacted WhiteFiber's market cap, now at $568 million.

Driving Factors

The primary driver behind the recent stock price movement is the announcement of the long-term co-location agreement at NC-1. On-chain data from CoinGecko shows increased activity in related tokens, suggesting market confidence in WhiteFiber's strategy. Additionally, significant transactions by institutional investors have been observed, with a notable $5 million purchase by a major fund. The news catalyst, as reported by CoinDesk, underscores the potential of WhiteFiber's retrofit model.

Broader Market Context

WhiteFiber's performance contrasts with major cryptocurrencies like Bitcoin and Ethereum, which have seen 7-day gains of 3.5% and 2.8%, respectively. The infrastructure sector, including data centers and co-location services, has experienced a 15% increase in total value locked (TVL) over the past month, as reported by DefiLlama. The Fear & Greed Index currently stands at 62, indicating a 'Greed' sentiment in the market. Analysts from B. Riley and other firms remain optimistic about WhiteFiber's role in the evolving crypto infrastructure landscape.

Why This Matters

The validation of WhiteFiber's retrofit model through the NC-1 deal is crucial for the company's growth and investor confidence. This agreement not only provides a stable revenue stream but also positions WhiteFiber competitively against rivals like Core Scientific and Riot Platforms, who have also been expanding their data center operations. The projected 127% upside reflects strong market belief in WhiteFiber's long-term strategy and its alignment with the growing demand for crypto infrastructure.

Competitive Analysis

In comparison, Core Scientific's stock has risen by 8% over the last 30 days, while Riot Platforms has seen a 12% increase. Both companies have been investing heavily in expanding their data center capacities, with Core Scientific announcing a new facility in Texas and Riot Platforms enhancing its mining operations in Georgia. WhiteFiber's focus on retrofitting existing infrastructure offers a unique value proposition, potentially allowing for quicker scaling and lower initial costs than building new facilities.