WhiteFiber Inc
NASDAQ:WYFI
WhiteFiber Inc
WhiteFiber Inc is a US-based company operating in industry. The company is headquartered in New York City, New York. The company went IPO on 2025-08-07. WhiteFiber, Inc. is a provider of artificial intelligence (AI) infrastructure solutions. The firm owns high-performance computing (HPC) data centers and provides cloud-based HPC graphics processing units (GPU) services for customers, such as AI application and machine learning (ML) developers. Its tier-three data centers provide hosting and colocation services. Its cloud services support generative AI workstreams, especially training and inference. Its segments include cloud services and colocation services. The cloud services segment provides HPC services to support generative AI workstreams. The colocation services segment provides customers with physical space, power and cooling within the data center facility. In addition to providing data center hosting capacity to its customers, its business model integrates WhiteFiber data center infrastructure and WhiteFiber cloud services to provide scalable HPC solutions for enterprises, and research institutions, among others.
WhiteFiber Inc is a US-based company operating in industry. The company is headquartered in New York City, New York. The company went IPO on 2025-08-07. WhiteFiber, Inc. is a provider of artificial intelligence (AI) infrastructure solutions. The firm owns high-performance computing (HPC) data centers and provides cloud-based HPC graphics processing units (GPU) services for customers, such as AI application and machine learning (ML) developers. Its tier-three data centers provide hosting and colocation services. Its cloud services support generative AI workstreams, especially training and inference. Its segments include cloud services and colocation services. The cloud services segment provides HPC services to support generative AI workstreams. The colocation services segment provides customers with physical space, power and cooling within the data center facility. In addition to providing data center hosting capacity to its customers, its business model integrates WhiteFiber data center infrastructure and WhiteFiber cloud services to provide scalable HPC solutions for enterprises, and research institutions, among others.
Revenue Growth: WhiteFiber reported third quarter revenue of $20.2 million, up 64% year-over-year, driven mainly by expanding cloud services and new colocation revenue.
Strong Demand: The company saw robust demand for its North Carolina NC-1 site, receiving over 10 firm proposals and narrowing negotiations to two highly creditworthy counterparties for a large-scale, long-term lease.
NC-1 Progress: NC-1 remains on track, with initial deployments expected in Q1 2026 and revenue generation starting in May 2026. Commercial agreements for the full 99-megawatt campus are in late-stage negotiations.
Improved Commercial Terms: Increased competition for NC-1 has led to higher pricing and longer contract durations than initially anticipated.
Cloud Customer Transition: The company is winding down a major cloud customer agreement worth over $20 million annualized run rate but expects to reallocate this capacity to larger enterprise customers with similar or better contract terms.
Operational Execution: Montreal-3 facility was completed on schedule and within budget, and is expected to contribute over $2 million in revenue in Q4, with a full quarter contribution from Q1 2026 onward.
Cost Structure: Operating expenses rose due to IPO-related and one-time costs, but recurring G&A is expected to decrease significantly in Q4.
Strong Liquidity: Ended the quarter with $166.5 million in cash, and no draws on the company’s credit facility.
