B. Riley Securities Acts as Joint Lead Bookrunner in WhiteFiber $230 Million Convertible Senior Notes Offering

January 27, 2026 - B. Riley Securities, Inc. (“BRS”)today announced that it served as joint lead bookrunner on an upsized $230 million private placement of convertible senior notes for WhiteFiber, Inc. (Nasdaq: WYFI), including the full exercise of the offering overallotment option.

WhiteFiber is a leading AI infrastructure platform that owns and operates a growing portfolio of AI optimized data centers across North America, and provides specialized colocation, hosting, and AI cloud services designed to maximize performance, efficiency, and margin.

Net proceeds from the offering will be used primarily to support WhiteFiber's data center expansion initiatives, including the development and construction of additional AI-optimized data centers, entry into new energy service agreements, equipment purchases, and potential strategic acquisitions, partnerships, and joint ventures, as well as for working capital and general corporate purposes.

In connection with the offering, WhiteFiber entered into a privately negotiated zero-strike call option transaction designed to facilitate investor hedging and reduce potential dilution upon conversion of the notes. A portion of the proceeds was used to fulfill the purchase of the zero-strike call option.

B. Riley Securities’ Investment Banking team was led by Joe Nardini and Patrick Hanniford, and included Alex Wolodzko and Hayden Kickbush. The Capital Markets team was led by Pat Pilouk, Jimmy Baker and Ryan Aceto, with Dawn Farrell and Bishal Ghosh.

B. Riley Securities has supported WhiteFiber’s strategic advisory and capital markets initiatives across multiple transactions, including serving as lead bookrunner on WhiteFiber’s $183 million IPO and carve-out from Bit Digital, Inc. in August 2025 which represented the first instance of a digital asset company successfully carving out its HPC data center subsidiary into a standalone public company.

Read more about the transaction here.

About B. Riley Securities
BRS provides a full suite of investment banking and capital markets services to corporations, financial sponsors, and institutional investors across all industry verticals. Services include initial, secondary, and follow-on offerings, debt and equity-linked solutions, institutional private placements, merger and acquisition (M&A) advisory, corporate restructuring, and liability management. Widely recognized for its thematic proprietary equity research, clients benefit from BRS' extensive network, industry expertise, and proven execution capabilities through its end-to-end platform. For more information,visit www.brileysecurities.com. Follow us on LinkedIn.