Earnings summaries and quarterly performance for White Fiber.
Research analysts who have asked questions during White Fiber earnings calls.
BD
Brian Dobson
Chardan Capital Markets
3 questions for WYFI
Also covers: ABTC, BITF, BTBT +9 more
DA
Darren Aftahi
Roth Capital Partners
3 questions for WYFI
Also covers: ALRM, ANTA, APLD +17 more
George Sutton
Craig-Hallum
3 questions for WYFI
Also covers: ACIW, AEYE, AGYS +26 more
JT
John Todaro
Needham & Company
3 questions for WYFI
Also covers: APLD, BTDR, CAN +12 more
Nick Giles
B. Riley Securities
3 questions for WYFI
Also covers: AA, AMR, APLD +25 more
PG
Paul Golding
Macquarie Capital
3 questions for WYFI
Also covers: CIFR, CLSK, CORZ +11 more
Recent press releases and 8-K filings for WYFI.
WhiteFiber Announces Proposed Private Placement of Convertible Senior Notes
WYFI
Debt Issuance
New Projects/Investments
- WhiteFiber, Inc. announced a proposed private placement of $200.0 million principal amount of Convertible Senior Notes due 2031.
- The initial purchasers of the notes were granted an option to purchase up to an additional $30.0 million principal amount of the notes.
- The company intends to use a portion of the net proceeds to pay for a zero-strike call option transaction, with the remaining proceeds primarily allocated for data center expansion and related activities.
- WhiteFiber will require additional project financing to fully accomplish the specified initiatives.
Jan 26, 2026, 9:38 PM
WhiteFiber Announces Closing of Convertible Senior Notes Offering
WYFI
Debt Issuance
New Projects/Investments
Convertible Preferred Issuance
- WhiteFiber, Inc. closed a private placement of $230.0 million aggregate principal amount of 4.500% Convertible Senior Notes due 2031, resulting in net proceeds of approximately $221.5 million.
- The company used approximately $120.0 million of the net proceeds for a zero-strike call option transaction, which is intended to materially reduce potential dilution by synthetically increasing the effective conversion price to approximately $37.01 per share.
- The remaining net proceeds are expected to be used primarily for data center expansion, including funding additional property, construction, and related equipment, as well as for potential acquisitions and general corporate purposes.
- WhiteFiber reiterated its expectation to close a project-level debt facility for its NC-1 data center development in the first quarter of 2026.
Jan 26, 2026, 9:05 PM
WhiteFiber, Inc. Details AI Infrastructure Focus and Financials in January 2026 Investor Presentation
WYFI
New Projects/Investments
Earnings
Revenue Acceleration/Inflection
- WhiteFiber, Inc. is an AI infrastructure company specializing in data center and cloud solutions for AI workloads.
- The company's financial performance for FY 2024, 3Q 2024, 3Q 2025, and LTM Q3 2025 is detailed in the table below.
- WhiteFiber expects to have four facilities with 115 gross MW of capacity within four years. Key projects include the NC-1 data center, with a 99 Gross MW total target expanded capacity, and a 10-year, 40 MW colocation agreement with Nscale valued at $865 million TCV.
- The company utilizes a retrofit strategy for its data centers, aiming for faster deployment and buildout costs of $7M-$9M per gross MW, which is up to 40% lower than greenfield solutions.
| Metric | FY 2024 | 3Q 2024 | 3Q 2025 | LTM Q3 2025 |
|---|---|---|---|---|
| Revenue ($USD Thousands) | $47,639 | $12,281 | $20,180 | N/A |
| Combined Revenue ($USD Thousands) | $47,600 | N/A | N/A | $70,500 |
| Net Income ($USD Thousands) | $1,370 | ($365) | ($15,754) | N/A |
| Adjusted EBITDA ($USD Thousands) | $21,926 | $5,641 | $2,277 | N/A |
Jan 26, 2026, 1:21 PM
WhiteFiber Prices Upsized Convertible Senior Notes Offering
WYFI
Debt Issuance
New Projects/Investments
- WhiteFiber priced $210.0 million principal amount of 4.500% Convertible Senior Notes due 2031 in a private placement, with an option for initial purchasers to buy an additional $20.0 million.
- The notes have an initial conversion price of approximately $25.91 per ordinary share, representing a 27.5% premium over the last reported sale price on January 21, 2026.
- The estimated net proceeds are approximately $202.1 million (or $221.5 million if the option to purchase additional notes is fully exercised).
- The company plans to use $120.0 million of the net proceeds for a zero-strike call option transaction and the remaining funds primarily for data center expansion, including property, construction, equipment, and potential acquisitions.
Jan 22, 2026, 12:00 PM
WhiteFiber Announces Proposed Private Placement of Convertible Senior Notes
WYFI
Debt Issuance
New Projects/Investments
- WhiteFiber (WYFI) intends to offer $200.0 million principal amount of Convertible Senior Notes due 2031 in a private placement, with an option for initial purchasers to acquire an additional $30.0 million.
- The notes will be general, senior unsecured obligations convertible into cash, ordinary shares, or a combination, at the company's election.
- The company plans to use the net proceeds primarily for data center expansion, including property acquisition, construction, equipment, and energy service agreements, as well as for potential acquisitions and general corporate purposes.
- A portion of the proceeds will cover the cost of a zero-strike call option transaction, and WhiteFiber notes it will require additional project financing to fully fund its initiatives.
Jan 21, 2026, 9:01 PM
WhiteFiber announces 10-year colocation agreement with Nscale
WYFI
New Projects/Investments
Revenue Acceleration/Inflection
Debt Issuance
- WhiteFiber, Inc. (WYFI), through its subsidiary Enovum Data Centers Corp., has executed a 10-year colocation agreement with Nscale Global Holdings.
- This agreement secures 40 megawatts (MW) of critical IT load at WhiteFiber’s NC-1 data center campus and represents approximately $865 million in total contracted revenue over the initial term.
- The 40 MW capacity will be deployed in two 20 MW phases, with billing for the first phase anticipated to commence on April 30, 2026, and the second phase on May 30, 2026.
- WhiteFiber anticipates formalizing a credit facility in early Q1 2026 to address construction requirements and broader growth objectives.
Dec 18, 2025, 9:39 PM
WhiteFiber and Nscale Announce 10-Year Colocation Agreement
WYFI
New Projects/Investments
Revenue Acceleration/Inflection
Debt Issuance
- WhiteFiber's subsidiary, Enovum Data Centers Corp., has executed a 10-year colocation agreement with Nscale Global Holdings for 40 megawatts (MW) of critical IT load at WhiteFiber's NC-1 data center campus.
- This agreement represents approximately $865 million in contracted revenue over the initial term, including annual rate escalators and non-recurring installation services.
- Billing for the first 20 MW is targeted to commence on April 30, 2026, with the remaining 20 MW targeted for May 30, 2026.
- WhiteFiber anticipates formalizing a credit facility in early Q1 2026 to support construction and growth, having already invested approximately $150 million of equity into the site.
Dec 18, 2025, 9:30 PM
WhiteFiber, Inc. Reports Third Quarter 2025 Results
WYFI
Earnings
Guidance Update
New Projects/Investments
- WhiteFiber, Inc. reported total revenue of $20.2 million for Q3 2025, marking a 65% increase year-over-year from $12.3 million in Q3 2024. Cloud services revenue contributed $18.0 million, up 48% year-over-year.
- The company posted a net loss of $15.8 million for Q3 2025, compared to a net loss of $0.4 million in the prior-year period, primarily due to non-cash stock-based compensation and incremental public-company costs following its IPO.
- Adjusted EBITDA was $2.3 million in Q3 2025, down from $5.6 million in the prior-year period, reflecting higher public-company expenses and an expanded cost structure.
- WhiteFiber completed its Initial Public Offering on August 8, 2025, raising approximately $183 million in gross proceeds, and reported $166.5 million in cash and cash equivalents as of September 30, 2025.
- Since September 30, 2025, the company began winding down a customer arrangement that represents approximately $21 million of its annualized cloud run rate.
Nov 13, 2025, 10:18 PM
WhiteFiber Reports Q3 2025 Results and Provides NC1 Project Update
WYFI
Earnings
New Projects/Investments
Guidance Update
- WhiteFiber reported a net loss of $15.8 million or $0.47 per share and Adjusted EBITDA of $2.3 million for Q3 2025, marking its first reporting period as a standalone public company following its August IPO.
- The company ended the quarter with a strong liquidity position, including $166.5 million in cash and cash equivalents and $179 million in working capital, bolstered by IPO proceeds.
- The flagship NC1 development project in North Carolina remains on track for initial deployment in Q1 2026 and revenue generation in May 2026, with anchor agreements for the 99-megawatt campus in final negotiation stages with two highly creditworthy counterparties.
- The Montreal 3 facility became operational and began recognizing revenue in October 2025, expected to contribute over $2 million in Q4 2025 revenue, while the company evaluates a development pipeline of over 1 gigawatt for 2026 and 2027.
Nov 13, 2025, 9:30 PM
WhiteFiber Reports Q3 2025 Results and NC1 Project Update
WYFI
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
- WhiteFiber reported total revenue of $20.2 million for Q3 2025, a 64% increase year-over-year from $12.3 million in Q3 2024. Cloud services generated $18 million of revenue, up 48% from the prior year, while colocation services contributed $1.7 million. The company posted a net loss of $15.8 million or $0.47 per share and an Adjusted EBITDA of $2.3 million.
- The NC1 flagship development project remains on track for initial deployment in Q1 2026 and revenue generation in May 2026. WhiteFiber is in the closing stages of negotiations with two highly creditworthy counterparties for large-scale, long-duration commitments, with the deal having "upgraded" in terms of profit and duration. The financing strategy targets 75% loan-to-value for the full 99-megawatt campus.
- The company is winding down a customer agreement representing over $20 million of annualized cloud run rate, with plans to redirect this capacity to new enterprise customers starting in early Q1. This transition is expected to cause short-term underutilization in Q4. WhiteFiber is also exploring capital-light models in its cloud business and maintaining financial discipline by focusing on longer-term agreements with healthy margins.
Nov 13, 2025, 9:30 PM
Quarterly earnings call transcripts for White Fiber.
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