WhiteFiber is trading at $20.02, down 24.64% on August 19, 2026, after announcing an upsized $270 million convertible senior-notes offering, increased from $250 million, with an additional $40 million purchaser option.
- The notes carry a 5% coupon and may be settled in cash, shares, or both, raising dilution concerns.
- Investors are weighing proceeds earmarked for debt exchanges and data-center expansion, making financing and shareholder dilution the central catalyst.