WhiteFiber, Inc. Reports Third Quarter 2026 Results

Sam Tabar, Chief Executive Officer of WhiteFiber

“NC-1 is now fully operational across all 40 MW of contracted IT capacity, and we have entered into a $300 million secured financing facility for the project. These milestones strengthen our foundation for growth. We have issued the commencement notice for the remaining capacity, and we have begun billing for the full contracted capacity. Our team worked through significant equipment and commissioning challenges to deliver complex AI infrastructure in less than a year. That experience has strengthened our operating capabilities and sharpened our approach to future developments.”

Sam Tabar, Chief Executive Officer of WhiteFiber

“Since our last earnings call, we have signed more than $700 million of new cloud services contract value, including our first capital-light managed services agreements. These contracts support a substantial revenue ramp into 2027. Managed services adds recurring revenue without requiring WhiteFiber to fund the underlying hardware or data center capacity. Customer interest in our next North Carolina developments is also broader and stronger than at the comparable stage of NC-1, including interest from investment-grade counterparties and large enterprises.”

Sam Tabar, Chief Executive Officer of WhiteFiber

“Our third-quarter results reflect the delayed NC-1 ramp, while much of our newly contracted cloud business is preparing to enter service. Our focus now is converting those contracts into recurring revenue and cash flow. The NC-1 project financing provides a path to recycle invested capital into our next projects. We will grow selectively, aligning customer commitments, attractive returns and financing while preserving flexibility over the pace of investment.”