WhiteFiber Inc
whitefiber.comWhat Do They Do?
Provides cloud computing capacity for AI training and inference, alongside data center space, power and cooling for enterprise and research customers.
10-K for FY2025, filed Mar 26, 2026We believe we are a leading provider of artificial intelligence (“AI”) infrastructure solutions. We own high-performance computing (“HPC”)…View ↗
Colocation services generate revenue from Canada by providing customers with physical space, power, and cooling within the data center…View ↗
Direct end users — these customers primarily leverage our computing power for model training and inference.View ↗
How Do They Make Money?
Cloud customers pay for computing capacity through usage-based or committed-capacity service agreements, with charges tied to the GPUs deployed and service duration. Colocation customers are billed monthly for space, power and connectivity over contract terms; installation fees are generally paid upfront.
10-K for FY2025, filed Mar 26, 2026Cloud services revenue is derived from providing customers with access to high-performance computing (“HPC”) infrastructure, including GPU…View ↗
These services are consumed as they are received, and the Company recognizes revenue over time using the variable allocation exception as…View ↗
Our revenue is primarily derived from recurring revenue streams, mainly (1) colocation, which is the leasing of cabinet space and power…View ↗
Revenues from recurring revenue streams are billed monthly and recognized ratably over the term of the contract, generally one to five…View ↗
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10-K for FY2025, filed Mar 26, 2026
FY2025 revenue by product or service ↗
$79.2M
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10-K for FY2025, filed Mar 26, 2026
$79.2M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Cloud services
|
87% |
Cloud services, FY2025
$68.8M Sources
|
|
|
Colocation services
|
11% |
Colocation services, FY2025
$8.9M Sources
|
|
|
Other
Recurring
|
1.9% |
Other, FY2025
$1.5M Sources
|
Recurring |
Who Are Their Customers?
Data center customers include enterprises and GPU-cloud operators. Cloud customers are direct end users using computing for model training and inference, or GPU marketplaces that resell capacity to their own users.
10-K for FY2025, filed Mar 26, 2026Our HPC data center customer base consists of two primary types of customers:View ↗
Enterprise clients — current and prospective enterprise clients are active in multiple industries, including healthcare, finance, and…View ↗
GPU cloud — Our GPU cloud customers offer on demand access to their GPUs for tasks like AI, VFX rendering and scientific computing.View ↗
Direct end users — these customers primarily leverage our computing power for model training and inference.View ↗
GPU marketplaces — these platforms resell our computing power to their own end users. Since we do not have direct visibility into their…View ↗
10-K for FY2025, filed Mar 26, 2026
We currently provide cloud services at Blönduos Campus, Iceland, where we lease capacity to house our GPUs. During 2025, our HPC data…View ↗
Do Revenues Turn Into Profits?
No. It lost $24.7M in FY2025.
10-K for FY2025, filed Mar 26, 2026
−$26.8MView ↗
10-K for FY2025, filed Mar 26, 2026
−$24.7MView ↗
10-K for FY2025, filed Mar 26, 2026
−$222.7MView ↗
How Are They Changing?
- Net income
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Sources
10-Q for Q2 FY2026, filed Aug 12, 2026
−$15MView ↗
- ▲ +70% (Loss)
- vs −$8.8M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 12, 2026
Open tableView ↗
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Aug 3, 2026
CFO Erke Huang resigned and Justin Zhu was appointed as his replacement
Huang resigned effective August 1, 2026; Zhu was appointed CFO effective the same day.
Sources
8-K, filed Aug 3, 2026
On July 30, 2026, Erke Huang notified the Board of Directors (the “Board”) of WhiteFiber, Inc. (the “Company”) that he would resign as the…View ↗
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May 21, 2026
Signed a five-year AI compute agreement for a Paris-region deployment
The agreement is with an investment-grade technology customer, totals more than $160 million in contract value and was expected to start in July 2026.
Sources
8-K, filed May 21, 2026
On May 21, 2026, WhiteFiber, Inc. (the “Company”) issued a press release announcing that it had entered into a five-year agreement to…View ↗
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