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WhiteFiber, Inc. (Nasdaq: WYFI) is an American artificial intelligence infrastructure company headquartered in New York, New York. The company provides high-performance computing (HPC) GPU cloud services and operates colocation data centers serving AI, machine learning, and enterprise customers across North America.

WhiteFiber traces its origins to the HPC division of Bit Digital, Inc. (Nasdaq: BTBT), a publicly traded digital asset company. The HPC business operated under the name Celer, Inc. before being renamed to WhiteFiber, Inc. in October 2024.^[1]

In July 2025, WhiteFiber filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering, structured as a carve-out from Bit Digital.^[2][3] On August 8, 2025, WhiteFiber completed its IPO at a price of $17.00 per share, raising approximately $159.4 million in gross proceeds. The underwriters subsequently exercised their full overallotment option, generating an additional $23.9 million.^[4] Following the IPO, Bit Digital retained approximately 27 million shares of WhiteFiber, representing a majority stake.^[5]

WhiteFiber operates through two primary business segments: cloud services and colocation services.^[6]

The company's cloud services division provides GPU-based high-performance computing resources for AI training, inference, and machine learning workloads. Its customers include AI application developers and ML-driven businesses.

WhiteFiber owns and operates Tier-3 data centers that provide hosting and colocation infrastructure. Key facilities include:

• MTL-3 – Located in Saint-Jérôme, Quebec, Canada. The facility spans approximately 202,000 square feet on 7.7 acres. It began generating colocation revenue in Q4 2025 and hosts a colocation agreement with Cerebras Systems, which selected it as the site for Cerebras's first Canadian data center.^[7] In May 2026, WhiteFiber completed the purchase of the MTL-3 facility, following the exercise of a previously disclosed purchase option, which was expected to reduce lease payments by approximately CAD $3.1 million annually.^[8]

• NC-1 – A flagship data center campus under development in Madison, North Carolina, situated on approximately 96 acres of a former industrial site. The campus is designed to support up to 150 kW per cabinet in ultra-high-density configurations.^[9]

In May 2026, WhiteFiber entered into a two-year GPU cloud agreement with Hyperbolic worth approximately $17 million, supporting Modal Labs as the end customer and utilizing H200 GPUs.^[10]

For the full year 2025, WhiteFiber reported total revenues of $79.2 million, up from $47.6 million in 2024. Cloud services revenue for 2025 was $68.8 million, while colocation services revenue reached $8.9 million.^[11]

In Q4 2025, total revenue rose 61% year-over-year to $23.6 million. As of March 31, 2026, the company reported remaining performance obligations of approximately $921 million for colocation services, primarily reflecting contracted revenue from the NC-1 agreement with Nscale.^[12]