Welcome to our dedicated page for WHITEFIBER SEC filings (Ticker: WYFI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to U.S. Securities and Exchange Commission filings for WhiteFiber, Inc. (Nasdaq: WYFI), a Cayman Islands–incorporated provider of artificial intelligence (AI) infrastructure and high-performance computing (HPC) solutions. As an emerging growth company, WhiteFiber files reports that describe its business, risk factors, financial condition, and material events related to its AI data center and cloud operations.
Investors can use WhiteFiber’s SEC filings to understand how the company’s cloud services and colocation services segments contribute to revenue and segment gross profit. Periodic reports such as annual reports on Form 10-K and quarterly reports on Form 10-Q (when available) typically include segment disclosures, cost structures for electricity, data center leases, GPU leases, and other operating items, along with management’s discussion and analysis.
Current reports on Form 8-K offer detail on specific events. For example, WhiteFiber has filed 8-Ks describing its initial public offering and the full exercise of the underwriters’ over-allotment option, the availability of an investor presentation, and a material definitive agreement for a 40 MW colocation arrangement at its NC-1 Facility in Madison, North Carolina. That agreement, entered into through its subsidiary Enovum NC-1 Bidco, covers a 10-year term and represents an expected $865 million in total contracted revenue, with electricity and certain other costs passed through to the customer.
Through this page, users can also review filings that discuss WhiteFiber’s status as an emerging growth company, its incorporation in the Cayman Islands, and its principal executive offices in New York, New York. Real-time updates from EDGAR and AI-powered summaries help explain complex documents, highlight key terms such as segment performance, major contracts, and development milestones, and make it easier to follow WhiteFiber’s regulatory and financial reporting over time.
WhiteFiber, Inc. entered into a delayed draw term loan facility of up to $100 million with Bit Digital Capital, Inc., which can be increased to $150 million upon mutual agreement. The company plans to use this bridge financing for general corporate purposes, including the first phase of its NC-1 high-performance computing data center and other growth initiatives.
The nine‑month facility, extendable by three months, carries interest of 9.5% per year, stepping down to 8% once a 40 megawatt phase I buildout of NC‑1 is substantially complete and at least 80% of that capacity is leased. Loans are advanced with a 3% original issue discount, a 0.50% commitment fee on undrawn capacity, and a minimum 1.1x multiple of invested capital due per advance by maturity.
White Fiber Operating Partnership LP guarantees the loan, secured by equity in Enovum NC‑1 Topco, Inc., with these obligations and related liens released upon permanent project financing. A $20 million portion of an advance has been assigned to B. Riley Securities, Inc. on identical economic terms for a 90‑day term.
WhiteFiber, Inc. entered a five-year agreement to provide AI compute infrastructure for an investment-grade technology customer in the Paris region, using advanced NVIDIA GPU systems. The agreement has total contract value in excess of $160 million over the term.
Service is expected to start in July 2026, subject to final equipment delivery and acceptance milestones. WhiteFiber has secured third-party data center capacity in France and signed a binding term sheet for project-level financing expected to close in June 2026.
The project is expected to be funded through customer prepayments, including 12 months of advance service fees, and project-level financing, implying limited long-term reliance on WhiteFiber’s corporate balance sheet and existing cash resources.
WhiteFiber, Inc. reported strong top-line growth but a sharp swing to loss for the three months ended March 31, 2026. Revenue rose to $21.9 million from $16.8 million a year earlier, driven by higher cloud and colocation services. However, total operating expenses more than doubled to $32.9 million, including higher depreciation and general and administrative costs, leading to an operating loss of $11.0 million versus prior-year operating income of $2.0 million.
Net loss was $12.0 million, compared with net income of $1.4 million in the prior-year quarter, translating to a basic and diluted loss per share of $0.31 versus earnings per share of $0.05. Cash, cash equivalents and restricted cash declined to $80.1 million from $118.3 million at year-end, mainly reflecting heavy capital spending on property, plant and equipment.
Total assets increased to $796.3 million from $651.4 million, supported by growth in construction in progress and deposits for equipment. The company also closed a $230.0 million 4.50% convertible notes offering due 2031, netting about $222.1 million, and used roughly $120.0 million of the proceeds to purchase a zero-strike call option over 5,905,511 ordinary shares. Deferred revenue and other contract liabilities rose to $144.5 million, with remaining performance obligations disclosed at approximately $923.7 million, reflecting multi-year colocation contracts.
WhiteFiber, Inc. Chief Technology Officer Thomas Sanfilippo reported share dispositions tied to tax withholding on vested equity awards. On May 7, 2026, 955 Ordinary Shares at $21.00 per share were delivered to cover tax liabilities from RSU vesting under the 2025 Omnibus Equity Incentive Plan. A prior tax-withholding disposition on February 10, 2026 involved 1,500 shares at $19.31 per share. After the most recent event, he holds 17,320 Ordinary Shares directly, and the filing notes these were not discretionary market transactions.
WhiteFiber, Inc. President Billy Krassakopoulos reported a routine tax‑withholding share disposition. On April 28, 2026, 8,490 Ordinary Shares were sold by the issuer at an average price of $15.48 solely to cover tax obligations from RSU vesting.
Footnotes state this was not a discretionary sale by the reporting person. After this transaction, Krassakopoulos directly holds 18,937 Ordinary Shares, and no derivative positions are shown in this filing.
WhiteFiber, Inc. provides high-performance AI infrastructure through Tier-3 data centers and GPU-based cloud services, targeting AI and machine learning workloads. The company is rapidly expanding capacity with projects in Montreal (MTL-1, MTL-2, MTL-3) and North Carolina (NC-1), aiming for 76 MW (gross) by late 2026 and reviewing a 1,500 MW pipeline.
WhiteFiber signed a 10-year colocation agreement with Nscale at NC-1, representing approximately $865 million in contracted revenue, and has multiple GPU cloud contracts, including large NVIDIA H200, B200 and GB200 deployments. Growth is funded with a CAD 60 million RBC facility, a $230.0 million 4.500% convertible notes issue due 2031, and a $20 million secured term loan in Iceland.
Risks include heavy customer concentration in cloud services—its Initial Customer represented about 70.7% of 2025 revenue and has paused services pending renegotiation—and exposure to supply chain, power availability, leverage, and evolving AI and national security regulation in multiple jurisdictions.
WhiteFiber, Inc. disclosed that Chief Financial Officer Huang Erke received an equity award tied to company stock. On March 19, 2026, Huang was granted 66,094 restricted stock units (RSUs) under WhiteFiber’s 2025 Omnibus Equity Incentive Plan. Each RSU represents the right to receive one ordinary share.
According to the filing, these performance-based RSUs vested immediately and were settled in 66,094 ordinary shares, reflected as an exercise or conversion transaction. The footnotes state the issued shares were valued at $15.13 per share based on the closing market price on March 19, 2026. Following the transactions, Huang directly owns 154,329 ordinary shares.
Tabar Samir reported acquisition or exercise transactions in this Form 4 filing.
WhiteFiber, Inc. Chief Executive Officer Tabar Samir received an equity award tied to company performance. He was granted 33,047 restricted stock units (RSUs) under WhiteFiber’s 2025 Omnibus Equity Incentive Plan, each RSU representing one Ordinary Share.
These performance-based RSUs immediately vested into 33,047 Ordinary Shares on March 19, 2026, issued at no cash cost to Samir and valued at $15.13 per share based on that day’s closing market price. Following the issuance, he directly holds 180,105 Ordinary Shares. The grant and vesting were made under an exempt transaction pursuant to Rule 16b-3.
Krassakopoulos Billy reported acquisition or exercise transactions in this Form 4 filing.
WhiteFiber, Inc. President Billy Krassakopoulos reported equity compensation activity rather than open‑market trading. He received 15,624 restricted stock units under WhiteFiber's 2025 Omnibus Equity Incentive Plan that vested based on Growth EBITDA as of December 31, 2025, resulting in the same number of ordinary shares issued on March 16, 2026.
He also received 327 additional RSUs and related ordinary shares on January 13, 2026 due to an administrative correction tied to a prior Bit Digital, Inc. award, which the company notes was not a discretionary transaction. Following these transactions, he directly holds 27,427 ordinary shares.
WhiteFiber, Inc. officer equity vesting reported. The company’s Chief Technology Officer filed an amended insider report showing receipt of 4,412 Ordinary Shares on February 4, 2026 from previously granted Restricted Stock Units under the 2025 Omnibus Equity Incentive Plan.
After this vesting event, the officer beneficially owns 15,363 Ordinary Shares directly. The filing notes that 48,532 remaining RSUs are scheduled to vest in equal quarterly installments from February 1, 2026 through October 31, 2028. The vested RSUs were valued at $19.51 per share, the closing market price on January 30, 2026.