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WhiteFiber (Nasdaq: WYFI), an AI infrastructure and HPC solutions provider, reported its Q2 2025 financial results, marking its first earnings release as a public company following its August IPO. The company achieved total revenue of $18.7 million, up 48% year-over-year, with cloud services revenue of $16.6 million (+33% YoY) and colocation services revenue of $1.7 million.
Key developments include the completion of its IPO raising $183 million, with Bit Digital (Nasdaq: BTBT) maintaining 71.5% ownership, acquisition of a one-million-square-foot data center in North Carolina (NC-1), and securing a CAD $60 million debt facility with Royal Bank of Canada. The company also began installing wafer-scale systems for Cerebras under a 5MW IT load contract.
Financial metrics show gross profit of $11.5 million and Adjusted EBITDA of $3.3 million, though the company reported a net loss of $8.8 million for the quarter.
WhiteFiber (Nasdaq: WYFI), an AI infrastructure and HPC solutions provider, will ring the Nasdaq Closing Bell on September 19, 2025 at the Nasdaq MarketSite in Times Square, New York City.
The ceremony, scheduled from 3:45 p.m. to 4:15 p.m. ET, recognizes WhiteFiber's rapid growth into a vertically integrated AI infrastructure company offering GPU cloud and colocation solutions through its Tier 3 data centers. The event will be livestreamed across Nasdaq's digital platforms.
WhiteFiber (NASDAQ: WYFI) has scheduled its Q2 2025 earnings conference call for September 17, 2025, at 4:30 p.m. Eastern Time. This marks the company's first earnings call since becoming publicly listed.
The call will feature CEO Sam Tabar and CFO Erke Huang, who will discuss financial results and business progress following the company's carve-out and initial public listing. The earnings release will be issued before market open on the day of the call.
Investors can access the call via U.S. toll-free number (800) 330-6730 with access code 323226, or through the webcast available on WhiteFiber's Investor Relations website.
WhiteFiber (NASDAQ: WYFI) has scheduled its Q2 2025 earnings conference call for September 17, 2025, at 4:30 p.m. Eastern Time. This marks the company's first earnings call since its IPO. The financial results for the quarter ended June 30, 2025, will be released before market open on the same day.
CEO Sam Tabar and CFO Erke Huang will lead the discussion, covering financial performance and business developments following the company's carve-out and initial public listing. The call will include a Q&A session with analysts and investors, accessible via toll-free dial-in or webcast through WhiteFiber's investor relations website.
WhiteFiber (NASDAQ: WYFI), an AI infrastructure and HPC solutions provider, announced its participation in the upcoming H.C. Wainwright 27th Annual Global Investment Conference from September 8-10, 2025, in New York.
CEO Sam Tabar and SVP Cameron Schnier will conduct one-on-one investor meetings. Tabar will also participate in the Bitcoin Mining & High Performance Computing Panel on September 9th at 2:30 pm. The presentation will be available via webcast on the company's investor relations website.
WhiteFiber (NASDAQ: WYFI) announced that underwriters have fully exercised their over-allotment option to purchase an additional 1,406,250 ordinary shares at $17.00 per share, generating additional gross proceeds of $23.9 million.
Following this exercise, the total IPO size increased to 10,781,250 shares with aggregate gross proceeds of $183.3 million. The over-allotment closing is expected on September 4, 2025. The company's shares began trading on Nasdaq Capital Market on August 7, 2025, with B. Riley Securities and Needham & Company serving as joint book-running managers.
WhiteFiber (NASDAQ:WYFI) has successfully completed its upsized initial public offering (IPO), raising $159.4 million in gross proceeds. The company offered 9,375,000 ordinary shares at $17.00 per share.
Trading of WhiteFiber's shares commenced on August 7, 2025 on the Nasdaq Capital Market. The underwriters have a 30-day option to purchase up to an additional 1,406,250 ordinary shares at the IPO price, less underwriting discounts and commissions.
The IPO was managed by multiple firms, with B. Riley Securities and Needham & Company serving as joint book-running managers, Macquarie Capital as book-runner, Roth Capital Partners as lead manager, and Craig-Hallum and Clear Street as co-managers.
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