** Shares of AI infrastructure firm WhiteFiber WYFI.O down 7.5% at $18.80 in extended trading as it looks to raise capital

** Co announces private offering of $200 mln convertible bonds due 2031

** It plans to use net offering proceeds primarily for data center expansion, and for potential acquisitions, partnerships and joint ventures, among other uses

** It also intends to use portion of proceeds to pay the cost of zero-strike call option transactions to facilitate hedging

** New York City-headquartered co has about $780 mln market cap

** WYFI shares on Weds closed up 6% at $20.32. WhiteFiber went public in Aug after $159 mln IPO priced at $17

** All 9 analysts are bullish; median PT is $37, per LSEG

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))