Whitefiber Inc Dossier
Qualitative Analysis
Business overview
WhiteFiber, Inc. (NASDAQ: WYFI) is a vertically integrated artificial intelligence (AI) infrastructure and high-performance computing (HPC) solutions provider. Spun off from Bit Digital, Inc. (NASDAQ: BTBT) in August 2025, the company designs, develops, and operates Tier-3 data centers and provides GPU-based cloud services (GPU-as-a-Service) tailored for demanding generative AI and machine learning workloads. WhiteFiber operates through two primary business segments: Cloud Services, which offers high-performance GPU compute capacity (including NVIDIA H200, B200, and GB200 deployments), and Colocation Services, which provides physical space, power, and advanced cooling solutions within its data center facilities. The company's key infrastructure assets include its operational Montreal facilities (MTL-1, MTL-3) and its flagship NC-1 campus in North Carolina.
Research as of 19 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Retrofitting a 96-acre, ~1 million square foot industrial property in Madison, North Carolina into a flagship AI data center campus.
Expected impact: Secured Nscale as anchor tenant under a 10-year colocation agreement representing approximately $865 million in contracted revenue.
Acquisition of the MTL-3 facility in Saint-Jérôme, Quebec, by exercising a purchase option, transitioning from a lease-to-own arrangement to full ownership.
Expected impact: Strengthens ownership of strategic data center infrastructure and is expected to reduce lease payments by approximately CAD $3.1 million annually over the remaining term.
Repositioning the cloud services business toward longer-duration enterprise deployments, managed infrastructure services, and next-generation GPU capacity.
Expected impact: Secured recent customer wins including a Paris region deployment with more than $160 million in total contract value and a $17 million deployment with Hyperbolic/Modal Labs.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Recent Acquisitions
Acquisition of a 96-acre, ~1 million square foot industrial property in Madison, North Carolina (NC-1) to retrofit into a flagship AI data center campus, as well as integrating Canadian data center operations.
Financial impact: Secured the anchor tenant Nscale under a 10-year colocation agreement at NC-1, projected to generate approximately $865 million in revenue over a decade.
Strategic Partnerships
Secures Nscale as the anchor tenant for the first 40 MW of critical IT load at WhiteFiber's flagship NC-1 data center campus in Madison, North Carolina.
Terms: Projected to generate approximately $865 million in revenue over a decade, factoring in annual rate increases and initial installation services, but excluding electricity.
Combines WhiteFiber's next-generation AI/ML GPU optimized cloud with Shadeform's multi-cloud management capabilities and GPU marketplace to deliver on-demand access to NVIDIA B200 GPUs.
Terms: Provides Shadeform customers with immediate on-demand access to NVIDIA B200 GPUs without requiring long-term commitments.