WhiteFiber, Inc.

WhiteFiber, Inc. provides GPU-based cloud computing and data center colocation services for customers running high-performance computing workloads. The company operates in the United States and other North American markets, with a business built around leased or owned data center infrastructure, GPU servers, power, and cooling capacity.

−4,3 %

60,2 %

−31,2 %

+66,2 %

2.03

2.03

— WhiteFiber, Inc.
%
Cloud services85% GPU-based compute access for customers running AI and HPC workloads.
Colocation services15% Leased data center space, power, cooling, and related infrastructure.

WhiteFiber sells to customers that need high-performance GPU compute or physical data center capacity for AI and other...

  • AI and HPC cloud customersprimary

    Buy access to GPU clusters and compute capacity for model training, inference, and other HPC workloads.

  • Colocation tenantssecondary

    Lease data center space, power, and cooling to run their own servers and infrastructure.

  • Committed-capacity customersprimary

    Contract for reserved GPU capacity over time to secure predictable access and performance.

WhiteFiber is building a North American HPC data center platform and expects its sites to be strategically placed...

  • •North America is the core expansion market for new data centers
  • •Iceland has been disclosed as an operating location for cloud services
  • •Site location affects power access, connectivity, and deployment speed
  • •Smaller urban sites are used for connectivity and redundancy
  • •Larger deployments support AI-focused compute clusters

WhiteFiber is focused on expanding its HPC data center footprint and scaling GPU cloud services for AI workloads...

01
Develop additional HPC data center sitesmedium-term

More sites improve redundancy, customer reach, and capacity for AI workloads.

02
Scale cloud services capacityshort-term

More deployed GPU servers support revenue growth and customer onboarding.

03
Diversify adjacent revenue streamsmedium-term

Additional monetization can improve utilization of power and infrastructure assets.

WhiteFiber depends on third-party GPU supply, power availability, and data center buildout execution, so delays or...

high

Supply chain disruption for GPUs and servers

Cloud services depend on NVIDIA GPUs and OEM server sourcing, so shortages or delays can halt expansion.

Scope
NVIDIA H100/H200/B200/GB200 and OEM servers
Materiality
high
high

Power and data center development delays

Revenue depends on energization, site development, and customer onboarding timing.

Scope
Colocation and HPC site buildout
Materiality
high
high

Financing and liquidity dependence

Capital-intensive infrastructure requires ongoing access to external funding and cash generation.

Scope
Data center expansion and equipment purchases
Materiality
high
medium

Stand-alone systems transition risk

Replacing parent-provided IT and reporting systems can cause operational interruptions and added cost.

Scope
Accounting, reporting, and core business systems
Materiality
medium
medium

Early-stage business model uncertainty

The company has a limited operating history and evolving revenue mix, making forecasting difficult.

Scope
Cloud services and colocation growth
Materiality
medium
Revenue recognition for cloud services
Affects timing of revenue and deferred revenue balances
Deferred revenue
Can create quarter-to-quarter swings in reported revenue
Property, plant and equipment capitalization
Affects depreciation, asset carrying values, and future impairment risk
Impairment of long-lived assets and goodwill
Could create non-cash charges if assets underperform
Lease accounting
Affects reported assets, liabilities, and operating expense profile

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: 29/04/2026