WhiteFiber, Inc. Reports Second Quarter 2025 Results

Core Insights - WhiteFiber, Inc. reported strong financial results for Q2 2025, with total revenue of $18.7 million, representing a 48% year-over-year increase [6][7] - The company is well-positioned to meet the growing demand for AI infrastructure, particularly in GPU cloud services and data center capacity [3][4] Financial Performance - Cloud services revenue reached $16.6 million, up 33% year-over-year, with a gross margin of 61% [6][8] - Colocation services generated $1.7 million in revenue, contributing a gross margin of 60% [6][8] - Total gross profit was $11.5 million, compared to $8.0 million in the prior-year period [6][7] - Adjusted EBITDA for the quarter was $3.3 million, down from $7.0 million in Q2 2024 [6][10] Corporate Developments - WhiteFiber completed its IPO on August 8, 2025, raising approximately $183 million at $17 per share [6][7] - The acquisition of the NC-1 data center in North Carolina is a significant milestone, with strong demand anticipated for its capacity [5][6] - The company has initiated pre-construction for the initial 24-megawatt phase at NC-1, expected to be completed in Q1 2026 [6][10] Market Position - WhiteFiber is one of the few pure-play providers of AI infrastructure, integrating GPU cloud services with data center capacity [4][5] - The demand for AI infrastructure is described as exceptionally strong, driven by enterprises and research institutions [3][4]