WhiteFiber initiated with a Buy at BTIG

BTIG initiated coverage of WhiteFiber (WYFI) with a Buy rating and $20 price target WhiteFiber provides data center infrastructure through its colocation and cloud services business, the analyst tells investors in a research note. The firm believes the company’s power infrastructure is well positioned into a tightening market amid the “ongoing crunch for prompt power.” BTIG expects WhiteFiber’s uncontracted power to price higher.