WhiteFiber, Inc. (WYFI) Stock Price & How to Invest
Last updated July 2026
Short answer
WhiteFiber (WYFI) is a small-cap AI-infrastructure ("neocloud") company that rents out GPU cloud compute and builds high-performance data centers, spun out of and still majority-owned by Bit Digital. It is a high-growth, pre-profit way to play AI compute demand, priced richly (a roughly $1.5 billion market cap on about $83 million of trailing revenue) and carrying meaningful customer-concentration and execution risk.
WYFI stock price
As of 2026-07-10, WhiteFiber, Inc. (WYFI) last closed at $38.50, up 137.4% over the past year. Over the past 52 weeks it has traded between $10.78 and $44.77.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or WhiteFiber, Inc.'s investor relations page. Walnut is informational, not investment advice.
What does WhiteFiber, Inc. (WYFI) do?
WhiteFiber, Inc. provides artificial-intelligence infrastructure through two segments: a cloud services business that leases out GPU supercomputing capacity (largely Nvidia hardware) to AI and machine-learning developers, and a colocation / data-center business that builds and operates high-performance computing sites. The company was carved out of bitcoin miner Bit Digital, which retains a majority equity stake and consolidates WhiteFiber's results; WYFI began trading on Nasdaq in August 2025. Its flagship project is the NC-1 site in North Carolina, anchored by a roughly $865 million, 10-year colocation agreement with Nscale, alongside GPU cloud contracts and a $160 million-plus five-year AI compute deal in France.
The investment picture is classic high-growth, high-risk AI infrastructure. Trailing-twelve-month revenue is about $83 million and growing near 50% year over year, but the company runs at a net loss (roughly negative $38 million) as it spends heavily to expand data-center capacity from about 11 megawatts online in 2025 toward roughly 76 megawatts by the end of 2026. Bulls point to more than $900 million of remaining performance obligations and the NC-1 revenue inflection starting in 2026; skeptics note the rich valuation, ongoing cash burn funded by convertible notes and credit facilities, and heavy reliance on a small number of customers.
What's driving WhiteFiber, Inc. (WYFI)?
1. NC-1 data-center ramp and contracted backlog
The North Carolina NC-1 site, anchored by a roughly $865 million, 10-year Nscale colocation agreement, is the central catalyst, with revenue generation targeted to begin around May 2026. Combined with other deals, WhiteFiber reports more than $900 million in remaining performance obligations, giving multi-year revenue visibility if the sites are delivered on schedule.
2. Capacity expansion toward ~76 MW
WhiteFiber is scaling operational power capacity from roughly 11 megawatts in 2025 toward about 76 megawatts by the end of 2026. Management frames this build-out as the path to materially higher data-center revenue over the following years, positioning the company against the broader shortage of AI-ready power and colocation space.
3. GPU cloud services and networking differentiation
The cloud segment rents GPU superclusters to AI developers and continues to add contracts, including a $160 million-plus five-year AI compute deal in France. The company has also publicized networking milestones such as multi-terabit cross-data-center bandwidth over dark fiber, which it markets as a technical edge for distributed AI training.
4. Bit Digital sponsorship and capital access
Majority owner Bit Digital provides sponsorship, shared history in data-center operations, and a public-market vehicle. WhiteFiber has raised capital through a roughly $230 million convertible notes offering and new credit facilities, giving it liquidity to fund the capital-intensive build-out, though at the cost of leverage and potential dilution.
What are the risks to WhiteFiber, Inc. (WYFI)?
Customer concentration is the standout risk: WhiteFiber has disclosed that its largest initial cloud customer accounted for roughly 70% of 2025 revenue and paused services pending renegotiation, so a single relationship can swing results dramatically. The business is deeply capital-intensive and currently unprofitable, funding growth with convertible debt and credit facilities that raise leverage and dilution risk if AI compute demand or financing conditions soften. Execution risk on delivering NC-1 and other sites on time and on budget is high, and the wider AI-infrastructure sector faces bubble concerns, hyperscaler in-sourcing, and rapid GPU obsolescence. As a majority-controlled, recently public small cap, WYFI also carries governance and liquidity risks and a valuation that already prices in substantial future growth.
How is WhiteFiber, Inc. (WYFI) valued? (approximate, JULY 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see WhiteFiber, Inc.'s investor relations page or your broker.
- Revenue (TTM): ~$83M
- Revenue growth (YoY): ~49%
- Q1 2026 revenue: ~$21.9M (+31% YoY)
- Net income (TTM): ~-$38M (loss)
- Market cap: ~$1.5B
- Remaining performance obligations: ~$900M+
As of July 2026 WYFI traded near $38-39 per share for a market cap around $1.5 billion, valuing the company at roughly 18 times trailing revenue despite ongoing net losses, a multiple that reflects backlog-driven growth expectations rather than current profits. The key figures to watch are the NC-1 revenue ramp expected to begin in 2026, the pace of capacity additions toward about 76 megawatts, and whether the paused largest-customer relationship is resolved. These estimates are approximate and drawn from public filings and market data; verify against the latest reported results.
Who competes with WhiteFiber, Inc. (WYFI)?
Neocloud AI compute providers
CoreWeave, Nebius, IREN, Crusoe and Lambda rent GPU supercomputing capacity to AI developers, the same core market as WhiteFiber's cloud segment. Most are far larger and better capitalized, and they compete for the same scarce Nvidia GPUs, customers, and power, though they share WhiteFiber's customer-concentration and heavy-capex profile.
Data-center and colocation operators
Established players such as Equinix and Digital Realty, plus AI-focused developers and hyperscalers building their own capacity, compete for the power, land, and long-term leases that underpin WhiteFiber's colocation business. Their scale and cost of capital advantages are a structural challenge for a small newcomer like WYFI.
Crypto-miner AI pivots
Former or current bitcoin miners repurposing power and sites for AI compute, including parent Bit Digital as well as peers like Applied Digital, TeraWulf, and Cipher Mining, pursue a similar power-to-AI thesis. They compete for the same AI tenants and financing and illustrate how crowded the miner-to-AI-infrastructure trade has become.
How to invest in WhiteFiber, Inc. (WYFI)
There are three common ways to get WYFI exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic basket, so WYFI sits alongside other stocks that express the same thesis.
Walnut takes the basket route. Describe a thesis where WYFI fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
The bottom line on WhiteFiber, Inc. (WYFI)
WYFI is an early-stage, contract-backed AI compute build-out story where the reward hinges on landing and ramping large data-center leases faster than the cash burn and dilution mount.
More on WhiteFiber, Inc. (WYFI)
Whether WYFI is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is WYFI a buy?, and where the stock could go from here in the WYFI stock forecast.
For income investors, whether WYFI pays a dividend and how the payout looks is covered in does WYFI pay a dividend?
Build a basket around WYFI with Walnut
Use WhiteFiber, Inc. as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
What does WhiteFiber (WYFI) do?
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WhiteFiber provides AI infrastructure through two segments: a cloud services business that rents out GPU supercomputing capacity to AI and machine-learning developers, and a colocation business that builds and operates high-performance computing data centers. It is often described as a "neocloud" AI compute provider.
When did WYFI go public?
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WhiteFiber's shares began trading on the Nasdaq Capital Market under the ticker WYFI in August 2025, making it a relatively recent initial public offering as of mid-2026.
Is WhiteFiber profitable?
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No. As of mid-2026 WhiteFiber runs at a net loss, roughly negative $38 million on a trailing-twelve-month basis, because it is investing heavily to build out data-center capacity ahead of the associated revenue. It is a growth-stage, pre-profit company.
How fast is WYFI growing?
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Trailing revenue of about $83 million was growing near 50% year over year, with first-quarter 2026 revenue of roughly $21.9 million, up about 31% from the prior year. Growth is driven by cloud services expansion and new colocation revenue.
What is the NC-1 data center?
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NC-1 is WhiteFiber's flagship data-center site in North Carolina, anchored by a roughly $865 million, 10-year colocation agreement with Nscale. Revenue from the site is targeted to begin ramping around May 2026 and is considered the company's key near-term catalyst.
What are the biggest risks for WYFI?
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The largest risks are heavy customer concentration (its biggest initial customer represented roughly 70% of 2025 revenue and paused services pending renegotiation), ongoing cash burn funded by convertible debt, execution risk on delivering data centers on time, and broader AI-infrastructure bubble and obsolescence concerns.
How does WYFI compare to CoreWeave and Nebius?
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WhiteFiber competes in the same neocloud AI-compute market as CoreWeave, Nebius, IREN and others, but it is much smaller and earlier stage. Like those peers it carries customer-concentration and heavy-capex risk, while offering a small-cap, higher-beta way to play AI compute demand.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with WhiteFiber, Inc.'s investor relations page or your broker before making investment decisions.