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WhiteFiber, Inc. Reports Second Quarter Financial Results for 2025

In a significant announcement released on September 17, 2025, WhiteFiber, Inc. (Nasdaq: WYFI), a leader in providing AI infrastructure and high-performance computing (HPC) solutions, reported its financial results for the second quarter ending June 30, 2025. The company showcased impressive growth metrics that reflect its strong position in the increasingly important market of AI technology.

Financial Performance Overview

WhiteFiber achieved total revenues of $18.7 million during Q2, marking a robust 48% increase compared to the same quarter in the previous year. The cloud services segment generated $16.6 million, up 33% year-over-year, and demonstrated a gross margin of 61%. Meanwhile, the colocation services segment contributed $1.7 million with a gross margin of 60%. Overall, the gross profit reached $11.5 million, a notable jump from $8.0 million in the prior year, showcasing operational efficiency and heightened demand.

However, adjusted EBITDA decreased to $3.3 million, down from $7.0 million in Q2 2024. This decline resulted from increased operational costs tied to the company’s expansion and investments into GPU cloud services and new data center facilities.

Corporate Developments and Strategic Moves

WhiteFiber's corporate trajectory has continued to evolve with significant milestones in recent months. After completing its initial public offering (IPO) on August 8, 2025, at a price of $17 per share, WhiteFiber has raised approximately $183 million in gross proceeds, propelling it into a strong financial position for further growth initiatives. Notably, Bit Digital, Inc. (Nasdaq: BTBT) retains a 71.5% ownership stake in WhiteFiber post-IPO.

In a strategic move to bolster its infrastructure, WhiteFiber acquired a one-million-square-foot data center property in North Carolina. This new facility, marked NC-1, is poised for expansion with an initial 24-megawatt phase set to complete in early 2026. The demand from prospective clients for this facility has been strong, indicating a promising future for the company’s operations.

Additionally, WhiteFiber has begun deploying wafer-scale systems for Cerebras under a 5MW IT load contract signed earlier this year, anticipating that revenue from this segment will start in Q4 2025.

To further support its ambitious growth plans, the company entered into a debt facility agreement with the Royal Bank of Canada, providing up to CAD $60 million (approximately USD $43.8 million) to fuel its data center developments. This facility is currently undrawn, offering WhiteFiber additional leverage for future expansion.

Management Insights

Sam Tabar, the CEO of WhiteFiber, commented on the quarter's results, saying, "This marks our first earnings release as a standalone public company following our IPO. The demand for AI infrastructure remains exceptionally strong, with enterprises and research institutions requiring more high-density, reliable capacity for large-scale model training and deployment."

He further emphasized the company’s unique position within the AI infrastructure market, as it is one of the few providers integrating both GPU cloud services and data center capabilities. This dual offering empowers WhiteFiber to meet evolving customer needs with performance, reliability, and efficiency.

Future Outlook

Looking ahead, WhiteFiber is poised to continue capitalizing on its strategic initiatives and market demand. The management is working diligently to formalize contracts for the NC-1 facility and expects continued growth in both its cloud services and colocation offerings, ensuring that it stays at the forefront of the AI infrastructure landscape.

As the company prepares for its upcoming conference call on September 17, 2025, at 4:30 p.m. ET, stakeholders and investors will be keen to hear more about WhiteFiber's strategies for sustaining this momentum in an increasingly competitive industry.