WhiteFiber Q3 loss widens to $101.4 million

WhiteFiber (NASDAQ:WYFI) reported third-quarter 2026 revenue of US$24 million, up 19% year-over-year, while its net loss widened to US$101.4 million, including an US$80.8 million induced conversion expense.

Revenue increased from US$20.2 million in the prior-year quarter, while the net loss rose from US$15.8 million, and adjusted EBITDA declined from US$2.3 million to approximately breakeven.

The company completed its US$60 million acquisition of the NC-2 and NC-3 data center properties, a US$310 million convertible senior notes offering and an exchange of older notes, while its subsequent US$300 million secured NC-1 credit facility awaits initial funding.

WhiteFiber also signed more than US$700 million in new cloud services contract value across five customers since its August earnings call.

Management expects its signed cloud services portfolio to generate approximately US$365 million in annualized revenue at full deployment by mid-2027, subject to equipment delivery, customer acceptance, data center readiness and financing.

WhiteFiber operates AI infrastructure and high-performance computing facilities, with its business spanning cloud services, data center colocation and networking solutions, including its WhiteFiber Continuum platform.