Business
WhiteFiber Signs AI Compute Agreement with Total Contract Value in Excess of $160 Million with Investment-Grade Technology Customer
WhiteFiber, Inc. (Nasdaq: WYFI) ("WhiteFiber" or the "Company"), a leading provider of AI infrastructure and high-performance computing solutions, today announced that it has entered into a five-year agreement to provide AI compute infrastructure for an investment-grade technology customer. The deployment will be located in the Paris region and will utilize advanced NVIDIA GPU systems.
About this update from Whitefiber, Inc.
[{"type":"text","content":"NEW YORK, May 21, 2026 /PRNewswire/ -- WhiteFiber, Inc. (Nasdaq: WYFI) ("WhiteFiber" or the "Company"), a leading provider of AI infrastructure and high-performance computing solutions, today announced that it has entered into a five-year agreement to provide AI compute infrastructure for an investment-grade technology customer. The deployment will be located in the Paris region and will utilize advanced NVIDIA GPU systems.","length":452,"tagName":"p"},{"type":"image","alt":"WhiteFiber (PRNewsfoto/WhiteFiber, Inc.)","displaySize":"","headline":null,"caption":"WhiteFiber (PRNewsfoto/WhiteFiber, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":52,"url":"https://media.zenfs.com/en/prnewswire.com/1e43bf5ca8a247018b2e0164cc959b36"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/eYvyuR.LkD6JJPK0QlhpIA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTky/https://media.zenfs.com/en/prnewswire.com/1e43bf5ca8a247018b2e0164cc959b36","width":400,"height":52},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/2oB3qNpuk8S2DUYLzsZGsQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTgz/https://media.zenfs.com/en/prnewswire.com/1e43bf5ca8a247018b2e0164cc959b36","width":400,"height":52}},"href":"https://mma.prnewswire.com/media/2745795/WhiteFiber_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The agreement represents total contract value in excess of $160 million over the five-year term and is expected to commence service in July 2026, subject to final equipment delivery and acceptance milestones.","length":208,"tagName":"p"},{"type":"text","content":"In connection with the deployment, WhiteFiber has entered into a binding term sheet for project-level financing, which is expected to close in June 2026. The project is expected to be supported by customer prepayments, including 12 months of advance service fees, and project-level financing, with limited long-term reliance on WhiteFiber's corporate balance sheet and existing cash resources.","length":397,"tagName":"p"},{"type":"text","content":""We continue to see strong demand for AI compute infrastructure from enterprise customers globally," said Sam Tabar, Chief Executive Officer of WhiteFiber. "This agreement reflects our ability to originate large-scale AI compute deployments with long-duration, inves...