Unifi, a yarn and recycled-fiber maker, closed 24.50% higher after agreeing to sell roughly 500,000 square feet of warehouse space and about 120 acres of land in North Carolina to a data center company for $60 million. The property sat on Unifi's balance sheet at under $5 million as of late June 2026—making the sale price more than 12 times its book value. The proceeds go to pay down debt.
Shares closed at $8.03, up from a previous close of $6.45. Dollar volume was about $5.8 million across 6,839 trades. The free float stands at about 14.1 million shares, or 76% of shares outstanding. Short volume on the session was 75,183 shares, 28.81% of reported volume.
The buyer is Enovum Data Centers Corp., a Canadian corporation, according to an 8-K filed with the SEC on August 17, 2026. The two properties are in Yadkin County, North Carolina. Data Center Dynamics reported that Enovum is a subsidiary of WhiteFiber, a data center developer founded by Bitcoin mining company Bit Digital. WhiteFiber said it has received non-binding letters of intent with investment-grade credit support around the Yadkin sites, Data Center Dynamics reported.
The filing states the net proceeds will repay a portion of outstanding term loans under Unifi's existing credit agreement, with Wells Fargo as agent. The property's net book value was less than $5 million as of June 28, 2026, the filing notes—though no reason for the gap between book value and sale price was given.
A $2.25 million earnest money deposit goes into escrow. Of that, $1 million may become non-refundable if Enovum exercises its option to extend an inspection period that otherwise expires September 15, 2026. Closing is scheduled about 45 days after the inspection period ends.
Before closing, Enovum must confirm available energy capacity at the sites, and both parties must agree on documents separating the sold property from Unifi's remaining holdings. The deal also requires agreement on a partial lease-back, under which Unifi will continue using portions of the sold space after the transaction closes.
"This carve out of assets is expected to have minimal operational impact to our business," Chief Executive Eddie Ingle said in the company's press release, adding that production capacity and customer service at the Yadkin County campus would remain unchanged.