WhiteFiber Inc (NASDAQ: WYFI) is a high-performance computing (HPC) and cloud services company that provides GPU-based computing infrastructure to customers requiring intensive AI and machine learning workloads. Revenue comes from fixed-term service orders under which customers pay for dedicated GPU capacity hosted in WhiteFiber data centers, with contracts ranging from two-week trial arrangements to 24-month commitments that auto-renew monthly. The company was incorporated as a Cayman Islands exempted company on August 15, 2024, originally under the name Celer, Inc., renamed WhiteFiber Inc. on October 17, 2024, and completed its IPO on August 8, 2025, at $17.00 per share, raising gross proceeds from 9,375,000 ordinary shares. WhiteFiber was spun out of Bit Digital, Inc., which contributed its HPC Business and remains the direct shareholder post-reorganization. The company operates data center infrastructure across North America, Canada, Japan, and Iceland. As of the 10-K filed March 26, 2026, the company had signed service orders covering NVIDIA H200 and B200 GPU clusters, with one 24-month contract representing approximately $18.1 million in aggregate contracted revenue.

Revenue model

Fixed-term GPU-as-a-service contracts. Customers pay for dedicated access to GPU clusters (H200, B200) housed in WhiteFiber data centers. Contract terms range from two weeks to 24 months, with automatic monthly renewals after the initial term unless terminated. Revenue recognition begins on the service commencement date.

Products and services

GPU-based HPC cloud services utilizing NVIDIA H200 and B200 graphics processing units. Colocation-style data center infrastructure supporting AI training and inference workloads. The company is also investing in generative AI capabilities and cloud service technology R&D.

Customers and end markets

AI and machine learning workload operators. As of the 10-K filed March 26, 2026, disclosed service orders include a 48-GPU H200 deployment (terminated December 2025), a multi-order relationship involving up to 384 B200 GPUs with an aggregate revenue opportunity of approximately $18.1 million over 24 months, and a 128-GPU B200 deployment representing approximately $3.0 million over 12 months. Customer identities are not disclosed in the filing excerpts.

Value-chain role

Infrastructure provider sitting between GPU hardware manufacturers and end-user AI compute customers. WhiteFiber procures and deploys GPU hardware in its own data centers and sells time-based access to that capacity under service contracts.

Geographic exposure

Operations in North America, Canada, Japan (WhiteFiber Japan G.K.), and Iceland (WhiteFiber Iceland, ehf), based on subsidiary structure disclosed in the 10-K filed March 26, 2026. The company states an intent to expand data center presence across North America.

Source: SEC 10-K, filed 2026-03-26

Industry: Finance Services