Business
WhiteFiber, Inc. Reports First Quarter 2026 Results
NEW YORK, May 14, 2026 /PRNewswire/ -- WhiteFiber, Inc. (Nasdaq: WYFI) ("WhiteFiber" or the "Company"), a leading provider of AI infrastructure and
About this update from Whitefiber, Inc.
[{"type":"text","content":"NEW YORK, May 14, 2026 /PRNewswire/ -- WhiteFiber, Inc. (Nasdaq: WYFI) (\"WhiteFiber\" or the \"Company\"), a leading provider of AI infrastructure and high-performance computing solutions, today announced financial results for the first quarter ended March 31, 2026.\n \n \n \n \n \n \n \nSam Tabar, Chief Executive Officer of WhiteFiber, said:\"WhiteFiber delivered a solid first quarter, with year-over-year revenue growth, strong gross margins, and positive adjusted EBITDA, while continuing to invest in the AI infrastructure platform we are building.During the quarter and subsequent period, we made meaningful progress across our core priorities. NC-1 continued to advance through construction and commissioning, Duke Energy completed the work required to deliver 54 megawatts of gross utility power to the site, and we remain focused on bringing the initial 40-megawatt IT load deployment into service under our long-term colocation agreement with Nscale. MTL-3 also completed its first full quarter of operations supporting Cerebras, and subsequent to quarter-end, we completed the purchase of the facility, giving us greater control over a revenue-generating asset with potential expansion upside over time.Demand for high-density AI infrastructure remains very strong. Customers need power, speed, and partners who can execute. We believe our pipeline continues to improve in both quality and scale, and we are advancing multiple larger site opportunities where we believe customer demand, power availability, financing, and execution planning can align from the outset.In cloud, we have made significant progress repositioning the business toward longer-duration enterprise deployments, managed infrastructure services, and next-generation GPU capacity. Recent customer wins and late-stage opportunities demonstrate growing traction behind this strategy, with structures that include customer prepayments and project-level equipment financing.The first part of 2026 has been about preparing WhiteFiber for its next stage of growth. As NC-1 moves toward initial revenue, the project-level financing process advances, and the cloud strategy gains traction, we believe the pieces are coming together to demonstrate the development flywheel we are building: secure strategic sites, match them with high-quality customer demand, finance projects efficiently, deli...