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WYFI discloses wind-down of $21M cloud customer; Q3 results call

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

WhiteFiber, Inc. (WYFI) furnished an update on operations, noting it will release and discuss financial results for the quarter ended September 30, 2025.

Separately, the company stated it has begun winding down a customer arrangement that represents approximately $21 million of annualized cloud run rate, with the relationship expected to conclude through a mutual termination once documentation is finalized. The counterparty and specific terms were not disclosed. This indicates a potential reduction to the cloud revenue run rate once the wind-down is completed.

Positive

  • None.

Negative

  • None.

Insights

$21M cloud run-rate wind-down disclosed; overall impact unclear.

WhiteFiber reports it has begun winding down a customer arrangement equal to about $21 million of annualized cloud run rate. Run rate is a forward-looking pace based on current recurring revenues and, if removed, would reduce that recurring stream after termination.

The company expects a mutual termination once documentation is finalized, but details and timing were not provided in the excerpt. Without total revenue context, the materiality cannot be quantified here.

The disclosure coincides with the quarter ended September 30, 2025 earnings call. Subsequent filings may provide the timing of termination and any offsets or replacement activity.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): November 13, 2025

 

WHITEFIBER, INC. 

(Exact name of registrant as specified in its charter) 

 

Cayman Islands   001-42780   61-2222606

(State or other jurisdiction of
incorporation or organization)

 

(Commission File Number)

 

 

(I.R.S. Employer
Identification Number)

 

31 Hudson Yards, Floor 11, Suite 30

New York, NY 10001

(212) 463-5121

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol  

Name of each exchange

on which registered

Ordinary Shares, par value $0.01 per share   WYFI   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

 

 

 

 

 

Item 2.02. Results of Operations and Financial Condition.

 

On November 13, 2025, WhiteFiber, Inc. (the “Company”) is issuing a press release and holding a conference call regarding its financial results for the quarter ended September 30, 2025. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

 

This information in this Item 2.02 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

 

Item 7.01. Regulation FD Disclosure.

 

On November 13, 2025, the Company will hold its third quarter earnings call and references will be made stating, in substance, that since September 30, 2025, the Company began the process of winding down a customer arrangement that represents approximately $21 million of the Company’s annualized cloud run rate. Because discussions are ongoing, the Company cannot comment further on the specific counterparty or details of the proposed agreement. The Company expects the relationship to be concluded through a mutual termination once documentation is finalized.

 

By furnishing this Report, the Company makes no admission as to the materiality of any information in this Report, including the statements made in the preceding paragraph.

 

The information in this Item 7.01, shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, and shall not be deemed incorporated by reference into any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) The following exhibits are being filed herewith:

 

Exhibit No.   Description
99.1   Press Release dated November 13, 2025, titled “WhiteFiber, Inc. Reports Third Quarter 2025 Results.”
   
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

1

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  WHITEFIBER, INC.
   
Date: November 13, 2025 By:

/s/ Sam Tabar

  Name:  Sam Tabar
  Title: Chief Executive Officer

 

2

 

FAQ

What did WhiteFiber (WYFI) disclose in its latest 8-K?

The company is releasing Q3 2025 results and began winding down a customer arrangement representing about $21 million of annualized cloud run rate.

How large is the customer arrangement WhiteFiber is ending?

It represents approximately $21 million of annualized cloud run rate.

Is the termination of the WhiteFiber customer arrangement mutual?

Yes. The company expects the relationship to conclude through a mutual termination once documentation is finalized.

Did WhiteFiber identify the counterparty for the wind-down?

No. The company stated discussions are ongoing and did not disclose the specific counterparty or details.

Is the information considered filed or furnished?

The earnings press release and the wind-down disclosure were furnished, not deemed filed, under the Exchange Act provisions cited.

When are the financial results being discussed?

WhiteFiber is issuing a press release and holding a conference call regarding Q3 2025 results on November 13, 2025.
WHITEFIBER INC

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705.51M
10.89M
71.88%
0.87%
Software - Application
Finance Services
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United States
NEW YORK