WhiteFiber Reports 19% Revenue Growth in Q3 2026 Amid Major Colocation and Cloud Expansion
WhiteFiber (WYFI) reported third-quarter revenue of $24 million, a 19% increase year-over-year. This growth was primarily fueled by a massive surge in colocation revenue, which more than tripled to $5.6 million following the integration of the Montreal 3 facility and initial contributions from the NC-1 site. While the company reported a net loss of $101.4 million—largely due to an $80.8 million expense related to convertible note repurchases—the underlying business shows significant scaling through new infrastructure. The company is aggressively expanding its footprint, highlighted by the operational status of NC-1, which carries an $865 million contract value over 10 years. WhiteFiber also secured approximately $750 million in new cloud services contract value and has contracted 20,000 GPUs to support growing demand. Management is targeting a cloud revenue run rate of $365 million annualized by mid-2027 as these deployments come online.
Tickers: $WYFI
Topics: cloud revenue colocation revenue EBITDA facility expansion net loss revenue growth