Business UpdateJun 10, 2026, 04:23 PM
WhiteFiber Secures $865M Nscale Contract; New Cloud Wins >$175M
AI Summary
WhiteFiber, Inc. filed an investor presentation highlighting its growth as an AI infrastructure company. The company secured an $865 million, 10-year contract with Nscale for its NC-1 data center, providing 40 MW IT load. Additionally, WhiteFiber announced new cloud service contract wins totaling over $175 million in May 2026, including a >$160 million Paris region deployment and a ~$17 million U.S. owned-fleet agreement. For Q1 2026, total revenues increased by 30.7% to $21.9 million, driven by a 190.2% rise in colocation services, though the company reported a net loss of $12.0 million.
Key Highlights
- Secured $865M, 10-year contract with Nscale for 40 MW IT load at NC-1 data center.
- Announced new cloud service contract wins totaling over $175M in May 2026.
- Paris region deployment secured >$160M TCV over 5 years, commencing July 2026.
- U.S. owned-fleet contract with Hyperbolic/Modal Labs for ~$17M TCV over 2 years.
- Q1 2026 total revenues increased 30.7% YoY to $21.9 million.
- Colocation services revenue surged 190.2% YoY to $4.8 million in Q1 2026.
- Reported a net loss of $12.0 million and basic EPS of $(0.31) for Q1 2026.
- Adjusted EBITDA decreased 49.9% YoY to $3.0 million in Q1 2026.
Price Impact
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