WhiteFiber Inc (WYFI)

BRC Specialty Finance Provides $20 Million Senior Secured Term Loan Supporting AI-Driven HPC Data Center Infrastructure ProviderJune 3, 2026 7:44 AM
PR Newswire (US) Transaction highlights platform's ability to deliver agile, structured capital solutions for the middle marketLOS ANGELES, June 3, 2026 /PRNewswire/ -- BRC Specialty Finance, the direct lending platform of BRC Group Holdings, Inc. (NASDAQ: RILY) ("BRCGH") and B. Riley Securities, Inc. ("BRS"), a leading full-service investment bank, today announced that BRS has assumed a $20 million advance under a $100 million senior secured delayed draw term loan facility originated by Bit Digital, Inc. (NASDAQ: BTBT) to Enovum NC-1 Venture LLC, an indirect wholly-owned subsidiary of WhiteFiber, Inc. (NASDAQ: WYFI).Through an Assignment and Assumption Agreement, BRS became a lender of record on the same economic terms as the lead lender, capitalizing on an attractive risk-adjusted yield in the growing digital infrastructure sector. This 90-day assigned advance is expected to bridge the borrower to its anticipated permanent institutional financing. The borrower intends to use the facility for general corporate purposes, which may include the completion of the buildout of the first phase of a HPC data center located in Madison, North Carolina, being developed by affiliates of WhiteFiber, subject to the timing of the closing of permanent financing, as well as other growth initiatives. Bryant Riley, Chairman and Co-Chief Executive Officer of BRCGH and Executive Chairman of BRS, said: "This transaction solves a dual-sided credit need: unlocking critical liquidity for underserved, high-catalyst operators scaling next-generation data center infrastructure, while capturing high-quality, asset-backed yields for our platform. This financing addresses a specific market gap we are uniquely suited to fill. Traditional lenders are often not structured for shorter-term facilities of this nature and lack the longer-term investment in corporate relationships that serves as our guiding principle." Andy Moore, Chief Executive Officer of BRS, said: "Our deep, multi-year relationship with the Bit Digital and WhiteFiber management teams allowed B. Riley Securities to execute this transaction with speed and precision. This transaction is a testament to our platform's ability to bring flexible capital, speed, and trusted relationships to bear for clients at their most critical inflection points."In a separate transaction, BRCGH has also finalized a $10 million receivables-backed purchase agreement with a publicly traded technology company, providing short-term liquidity to a repeat client and valued long-term partner – demonstrating the platform's early momentum.These transactions underscore BRC Specialty Finance's commitment to deploying structured capital solutions to small-cap and middle market companies – a segment frequently underserved by traditional lenders. The platform continues to focus on high-quality credit opportunities that combine strong downside protection and compelling yields.About BRC Specialty Finance
BRC Specialty Finance is the direct lending platform of BRC Group Holdings and B. Riley Securities, specializing in providing bespoke, flexible credit solutions—including structured equity loans, bridge facilities, delayed draw term loans, and structured debt—to small and middle-market companies. Differentiated by its public company focus, capital markets fluency, and solutions-oriented approach, BRC Specialty Finance structures financing around each borrower's capital structure, liquidity profile, and strategic objectives. The platform's ability to pair credit underwriting with real-time capital markets insights provides borrowers with greater flexibility.About B. Riley Securities, Inc.
B. Riley Securities, Inc. provides a full suite of investment banking and capital markets services to corporations, financial sponsors, and institutional investors across all industry verticals. Services include initial and follow-on offerings, debt and equity-linked solutions, institutional private placements, merger and acquisition (M&A) advisory, corporate restructuring, and liability management. Widely recognized for its thematic proprietary equity research, clients benefit from BRS' extensive network, industry expertise, and proven execution capabilities through its end-to-end platform. For more information, visit www.brileysecurities.com and follow us on LinkedIn.About BRC Group Holdings, Inc.
BRC Group Holdings, Inc. (Nasdaq: RILY) is a diversified holding company, including financial services, communications, and retail, and investments in equity, debt and venture capital. Our core financial services platform provides small cap and middle market companies customized end-to-end solutions at every stage of the enterprise life cycle. Our banking business offers comprehensive services in capital markets, sales, trading, research, merchant banking, M&A, and restructuring. Our wealth management business offers wealth management and financial planning services including brokerage, investment management, insurance, and tax preparation. Our communications businesses provide consumer and business services including traditional, mobile and cloud phone, internet and data, security, and email. Our retail businesses provide mobile computing accessories and home furnishings. BRCGH deploys its capital inside and outside its core financial services platform to generate shareholder value through opportunistic investments. For more information, please visit www.brcgh.com.Forward-Looking Statements
Statements made in this press release that are not descriptions of historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on management's current expectations and assumptions and are subject to risks and uncertainties. Forward-looking statements include, without limitation, statements regarding the growth and capital deployment of BRC Specialty Finance, the borrower's anticipated permanent institutional financing, the platform's ability to source and execute future credit opportunities, and expected financial and operational results. If the risks or uncertainties referenced herein materialize, or if underlying assumptions prove incorrect, BRCGH's business, operating results, financial condition, and stock price could be materially and adversely affected. Actual results may differ materially from those anticipated due to factors including, but not limited to, changes in market conditions, borrower performance, the availability of attractive credit opportunities, regulatory developments, general economic conditions, and the other risks described in BRCGH's periodic filings with the SEC, including under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in BRC Group Holdings, Inc.'s 2025 Annual Report on Form 10-K and 2026 Quarterly Report on Form 10-Q for the quarter ended March 31, 2026. BRCGH undertakes no obligation to update any forward-looking statement, except as required by law.Contacts
Mike Frank
Investor Relations

Bit Digital Originates Strategic Financing Facility Supporting WhiteFiber Growth InitiativesMay 27, 2026 5:27 PM
PR Newswire (US) NEW YORK, May 27, 2026 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a publicly-listed Strategic Asset Company focused on Ethereum strategies, AI/HPC Infrastructure, and strategic acquisitions, today announced that it has originated and served as a lender for a $100 million delayed draw term loan facility for a subsidiary of WhiteFiber, Inc. (Nasdaq: WYFI) ("WhiteFiber" or "WYFI") as borrower. B. Riley Securities, Inc. purchased a portion of the term loans under the facility from Bit Digital Capital, Inc. The facility is designed to support WYFI's near-term growth initiatives. WYFI is a leading provider of AI infrastructure and high-performance computing solutions in which Bit Digital holds a majority ownership interest. The facility provides WhiteFiber with access to up to $100 million in delayed draw financing with the ability to expand to $150 million upon mutual agreement of the parties.Bit Digital expects to fund advances in whole or in part through drawings against an Ethereum-denominated secured credit facility, allowing the Company to retain ETH exposure, while earning an attractive financing spread on the term loan asset. The Company believes the structure represents a differentiated treasury strategy utilizing Ethereum-backed financing to pursue enhanced risk-adjusted returns beyond traditional staking activities.The facility is intended to advance Bit Digital's capital allocation strategy as a Strategic Asset Company platform by pursuing attractive risk-adjusted returns while supporting the growth of strategic assets within its platform. In this case, the facility is expected to provide Bit Digital with economics that significantly exceed traditional ETH staking yields, while also supporting WhiteFiber's long-term value creation that benefit Bit Digital shareholders through its equity investment in WYFI.The transaction was approved by the Company's Board pursuant to a comprehensive governance process, including review by an independent committee of disinterested directors considering the economics, structure, strategic rationale, shareholder alignment, and overall risk profile. Each of the Board of Directors of Bit Digital and WhiteFiber has received the written fairness opinion of Needham and Company LLC and Seaport Global Securities, LLC, respectively."This transaction reflects a disciplined and differentiated capital allocation approach that further supports our existing AI Infrastructure investment thesis, as expressed through our holdings of WhiteFiber, while pursuing attractive risk-adjusted economics for our treasury that we believe exceed traditional ETH staking yields," said Bit Digital CEO Sam Tabar. "We believe the structure appropriately balances execution, governance considerations, shareholder alignment, and long-term strategic value creation, reflecting our unique and complementary business strategy mix."Additional information regarding the transaction is available in the Company's Current Report on  Form 8-K filed with the Securities and Exchange Commission.About Bit DigitalBit Digital, Inc. (Nasdaq: BTBT) is a publicly-listed Strategic Asset Company. The Company operates across three core verticals: a disciplined ETH accumulation program focused on long-term NAV per share growth, an AI/HPC infrastructure business through its subsidiary WhiteFiber, Inc. (Nasdaq: WYFI), and strategic acquisitions. Bit Digital is headquartered in New York, New York. For additional information, please contact ir@bit-digital.com or follow us on LinkedIn or X.Investor NoticeInvesting in our securities involves risks worth considering before making an investment decision. All current and potential investors are advised to regularly review the risks, uncertainties and forward-looking statements described under "Risk Factors" in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025 (Annual Report) and any subsequently filed quarterly reports on Form 10-Q and any Current Reports on Form 8-K.  If any material risks were to occur – including those not presently known to us or currently deemed immaterial – our business operations may be impaired, and our financial condition or operating results would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. See "Safe Harbor Statement" below.Safe Harbor StatementThis press release may contain certain "forward-looking statements" relating to the business of Bit Digital, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.    View original content to download multimedia:https://www.prnewswire.com/news-releases/bit-digital-originates-strategic-financing-facility-supporting-whitefiber-growth-initiatives-302783674.htmlSOURCE Bit Digital, Inc. Original: Bit Digital Originates Strategic Financing Facility Supporting WhiteFiber Growth Initiatives

WhiteFiber Secures $100 Million Delayed Draw Facility to Support Near-Term Growth InitiativesMay 27, 2026 5:00 PM
PR Newswire (US) NEW YORK, May 27, 2026 /PRNewswire/ -- WhiteFiber, Inc. (Nasdaq: WYFI) ("WhiteFiber" or the "Company"), a leading provider of AI infrastructure and high-performance computing solutions, today announced that it has entered into a $100 million delayed draw term loan facility with Bit Digital Capital, Inc., a wholly owned subsidiary of Bit Digital, Inc. (Nasdaq: BTBT). The facility may be increased to $150 million upon mutual agreement of the parties. B. Riley Securities, Inc. purchased a portion of the term loans under the facility from Bit Digital Capital, Inc. The facility is intended to provide WhiteFiber with additional financial flexibility to support near-term growth initiatives in both its data centers and cloud services businesses."This facility gives WhiteFiber added flexibility to pursue near-term growth initiatives by bridging timing gaps between the start of a project and closing its associated permanent financing. Meanwhile, we continue to advance non-dilutive permanent financing solutions, including our recently expanded and amended credit facility with the Royal Bank of Canada, and ongoing progress on the permanent financing for NC-1, which we continue to expect to be completed in the near-term," said Sam Tabar, Chief Executive Officer of WhiteFiber. "Our focus remains on disciplined execution, bringing contracted capacity online, and building a scalable infrastructure platform for the next generation of AI workloads."The facility is structured as a delayed draw term loan facility. The company intends to use the proceeds for general corporate purposes, which may include the completion of the buildout of the first phase of an HPC data center located in Madison, North Carolina, being developed by affiliates of the company, subject to the timing of the closing of permanent financing, as well as other growth initiatives.About WhiteFiber, Inc.WhiteFiber is a provider of artificial intelligence ("AI") infrastructure solutions. WhiteFiber owns high-performance computing data centers and provides cloud services to customers. Our vertically integrated model combines specialized colocation, hosting, and cloud services engineered to maximize performance, efficiency, and margin for generative AI workloads. For more information, visit www.whitefiber.com. Follow us on LinkedIn and X @WhiteFiber.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of applicable securities laws. Such statements include, but are not limited to, statements about the intended use of proceeds from the facility, the potential increase of the facility to $150 million, the Company's pursuit of growth initiatives across its data centers and cloud services businesses, the Company's ability to secure additional non-dilutive capital solutions, the timing for completion of the initial phase at our NC-1 facility, our ability to obtain financing on favorable terms, the expected completion of permanent financing for NC-1, the anticipated timing and deployment of the information technology load, our ability to bring contracted capacity online and build a scalable infrastructure platform, our position and ability to support AI infrastructure demand, and our ability to capture the next phase of growth in AI infrastructure. These statements are based on current expectations and involve risks and uncertainties that may cause actual results to differ materially. These statements may be identified by words such as "will likely result," "are expected to," "will continue," "will allow us to," "is anticipated," "estimated," "expected," "believe," "intend," "plan," "projection," "outlook" or words of similar meaning. These forward-looking statements are based upon the current beliefs and expectations of the Company's management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. There can be no assurance that the forward-looking statements contained herein are reflective of future performance to any degree. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance. For a more detailed discussion of risk factors that could affect the Company's results, please refer to the Company's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The Company undertakes no obligation to update any forward-looking statements except as required by law. All forward-looking statements speak only as of the date of this press release.Investor Contact
WhiteFiber
IR@whitefiber.com View original content to download multimedia:https://www.prnewswire.com/news-releases/whitefiber-secures-100-million-delayed-draw-facility-to-support-near-term-growth-initiatives-302783598.htmlSOURCE WhiteFiber, Inc. Original: WhiteFiber Secures $100 Million Delayed Draw Facility to Support Near-Term Growth Initiatives

WhiteFiber Signs AI Compute Agreement with Total Contract Value in Excess of $160 Million with Investment-Grade Technology CustomerMay 21, 2026 5:00 PM
PR Newswire (US) NEW YORK, May 21, 2026 /PRNewswire/ -- WhiteFiber, Inc. (Nasdaq: WYFI) ("WhiteFiber" or the "Company"), a leading provider of AI infrastructure and high-performance computing solutions, today announced that it has entered into a five-year agreement to provide AI compute infrastructure for an investment-grade technology customer. The deployment will be located in the Paris region and will utilize advanced NVIDIA GPU systems. The agreement represents total contract value in excess of $160 million over the five-year term and is expected to commence service in July 2026, subject to final equipment delivery and acceptance milestones.In connection with the deployment, WhiteFiber has entered into a binding term sheet for project-level financing, which is expected to close in June 2026. The project is expected to be supported by customer prepayments, including 12 months of advance service fees, and project-level financing, with limited long-term reliance on WhiteFiber's corporate balance sheet and existing cash resources."We continue to see strong demand for AI compute infrastructure from enterprise customers globally," said Sam Tabar, Chief Executive Officer of WhiteFiber. "This agreement reflects our ability to originate large-scale AI compute deployments with long-duration, investment-grade customer commitments and capital-efficient financing structures. It also expands our cloud footprint into Europe and reinforces that demand for high-performance AI infrastructure is global."WhiteFiber has secured third-party data center capacity in France to support the deployment.About WhiteFiber, Inc.WhiteFiber is a provider of artificial intelligence ("AI") infrastructure solutions. WhiteFiber owns high-performance computing data centers and provides cloud services to customers. Our vertically integrated model combines specialized colocation, hosting, and cloud services engineered to maximize performance, efficiency, and margin for generative AI workloads. For more information, visit www.whitefiber.com. Follow us on LinkedIn and X @WhiteFiber_.Forward-Looking StatementsThis press release may contain forward-looking statements within the meaning of applicable securities laws. Such statements include, but are not limited to, statements about our ability to capture demand in the market, prospective customer demand, our pipeline, our ability to obtain financing on favorable terms, the expected closing of the project-level financing arrangement, our expected contracted revenue, the anticipated timing and deployment of the information technology load, our position and ability to support AI infrastructure demand, our ability to capture the next phase of growth in AI infrastructure, and our ability to formalize contracts with our customers. These statements are based on current expectations and involve risks and uncertainties that may cause actual results to differ materially. These statements may be identified by words such as "will likely result," "are expected to," "will continue," "will allow us to" "is anticipated," "estimated," "expected", "believe," "intend," "plan," "projection," "outlook" or words of similar meaning. These forward-looking statements are based upon the current beliefs and expectations of the Company's management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. The Company undertakes no obligation to update any forward-looking statements except as required by law. All forward-looking statements speak only as of the date of this press release.Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those forward-looking statements are based. There can be no assurance that the forward-looking statements contained herein are reflective of future performance to any degree. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial information and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond our control. All information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward-looking statements as a result of new information, future developments or otherwise occurring after the date of this communication.Investor Contact
WhiteFiber
IR@whitefiber.com View original content to download multimedia:https://www.prnewswire.com/news-releases/whitefiber-signs-ai-compute-agreement-with-total-contract-value-in-excess-of-160-million-with-investment-grade-technology-customer-302779342.htmlSOURCE WhiteFiber, Inc. Original: WhiteFiber Signs AI Compute Agreement with Total Contract Value in Excess of $160 Million with Investment-Grade Technology Customer

WhiteFiber, Inc. Reports First Quarter 2026 ResultsMay 14, 2026 7:00 AM
PR Newswire (US) NEW YORK, May 14, 2026 /PRNewswire/ -- WhiteFiber, Inc. (Nasdaq: WYFI) ("WhiteFiber" or the "Company"), a leading provider of AI infrastructure and high-performance computing solutions, today announced financial results for the first quarter ended March 31, 2026. Sam Tabar, Chief Executive Officer of WhiteFiber, said:"WhiteFiber delivered a solid first quarter, with year-over-year revenue growth, strong gross margins, and positive adjusted EBITDA, while continuing to invest in the AI infrastructure platform we are building.During the quarter and subsequent period, we made meaningful progress across our core priorities. NC-1 continued to advance through construction and commissioning, Duke Energy completed the work required to deliver 54 megawatts of gross utility power to the site, and we remain focused on bringing the initial 40-megawatt IT load deployment into service under our long-term colocation agreement with Nscale. MTL-3 also completed its first full quarter of operations supporting Cerebras, and subsequent to quarter-end, we completed the purchase of the facility, giving us greater control over a revenue-generating asset with potential expansion upside over time.Demand for high-density AI infrastructure remains very strong. Customers need power, speed, and partners who can execute. We believe our pipeline continues to improve in both quality and scale, and we are advancing multiple larger site opportunities where we believe customer demand, power availability, financing, and execution planning can align from the outset.In cloud, we have made significant progress repositioning the business toward longer-duration enterprise deployments, managed infrastructure services, and next-generation GPU capacity. Recent customer wins and late-stage opportunities demonstrate growing traction behind this strategy, with structures that include customer prepayments and project-level equipment financing.The first part of 2026 has been about preparing WhiteFiber for its next stage of growth. As NC-1 moves toward initial revenue, the project-level financing process advances, and the cloud strategy gains traction, we believe the pieces are coming together to demonstrate the development flywheel we are building: secure strategic sites, match them with high-quality customer demand, finance projects efficiently, deliver capacity, and recycle capital into the next opportunity."First Quarter 2026 Financial HighlightsTotal revenue of $21.9 million, up 31% year-over-year from $16.8 million in the first quarter of 2025.
 Cloud services revenue of $16.8 million, up 13.0% year-over-year from $14.8 million in the first quarter of 2025.
 Colocation services revenue of $4.8 million, up 190.2% year-over-year from $1.6 million in the prior-year period, driven by the commencement of operations at MTL-3 in October 2025.
 Gross profit, excluding depreciation and amortization, of approximately $13.2 million, representing gross margin of approximately 60.2%, compared to approximately $10.1 million and gross margin of approximately 60.5% in the first quarter of 2025.Adjusted EBITDA of approximately $3.0 million, compared to approximately $6.0 million in the first quarter of 2025.Net loss of $12.0 million, compared to net income of $1.4 million in the prior-year period. The year-over-year change was primarily driven by higher general and administrative expenses, including share-based compensation and standalone public company costs, as well as higher depreciation and amortization and interest expense.Recent Business HighlightsAdvanced construction and commissioning activities at the Company's NC-1 data center campus in Madison, North Carolina. Duke Energy has completed the work required to deliver the initial 54 gross MW of utility power to the site, supporting the Company's planned initial 40 MW IT load deployment under its colocation agreement with Nscale Global Holdings, which is backed by an investment-grade hyperscaler offtake. The Company is working through a recently identified supply-chain-related issue affecting certain medium-voltage switchgear components and continues to expect to begin delivering capacity to Nscale during the second quarter of 2026, with full revenue contribution expected to begin during the third quarter of 2026 as the facility reaches its contractual capacity.Completed the purchase of the Company's MTL-3 facility in Saint-Jérôme, Quebec in May 2026, following the exercise of its previously disclosed purchase option. The transaction strengthens WhiteFiber's ownership of strategic data center infrastructure and is expected to reduce lease payments by approximately CAD $3.1 million annually over the remaining term.Reported remaining performance obligations of approximately $921.0 million for colocation services as of March 31, 2026, primarily reflecting long-term contracted revenue visibility from the Company's NC-1 colocation agreement.In May 2026, the Company entered into a two-year agreement with Hyperbolic for approximately $17 million of total contract value, supporting Modal Labs as the end customer. The deployment utilizes H200 GPUs from WhiteFiber's existing owned fleet and does not require incremental GPU capital expenditures. The deployment is expected to begin contributing revenue in June 2026. As a reference partner, Modal Labs will support ongoing R&D through input on design and development.Balance Sheet and LiquidityCash and cash equivalents of $75.8 million and restricted cash of $4.3 million as of March 31, 2026.During the first quarter, the Company completed a $230.0 million private placement of 4.5% convertible senior notes due 2031. The notes were issued with an initial conversion price of $25.91 per share, representing a 27.5% premium to the Company's share price at pricing. In connection with the transaction, the Company also entered into a zero-strike call structure designed to materially reduce potential dilution.In March 2026, WhiteFiber Iceland ehf., a subsidiary of the Company, entered into a secured term loan facility with Landsbankinn hf. providing up to $20.0 million of available borrowings. The facility is secured by WhiteFiber Iceland shares and designated assets, including GPU servers and related equipment. Subsequent to quarter-end, the Company drew $18.0 million under the facility.Subsequent to quarter-end, the Company entered into an amended credit agreement with RBC providing for a CAD $28.0 million facility to support the acquisition of the MTL-3 facility. The acquisition closed in May 2026.Summary of Financial ResultsWHITEFIBER, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Expressed in US dollars, except for the number of shares)

For the Three Months EndedMarch 31

2026
2025Revenues



Cloud services
$16,766,543
$14,842,286Colocation services
4,773,550
1,644,663Other
383,358
280,567Total Revenues
21,923,451
16,767,516Operating costs and expenses



Cost of revenue (exclusive of depreciation shown below)



Cloud services
(6,779,283)
(6,104,841)Colocation services
(1,952,783)
(545,836)Depreciation and amortization expenses
(6,441,112)
(3,829,644)General and administrative expenses
(17,770,097)
(4,243,819)Total operating expenses
(32,943,275)
(14,724,140)(Loss) income from operations
(11,019,824)
2,043,376Net gain from disposal of property and equipment
1,821,729
-Interest expense
(1,995,033)
-Other income (loss), net
233,807
(20,937)Total other income (loss), net
60,503
(20,937)(Loss) income before income taxes
(10,959,321)
2,022,439Income tax expense
(1,083,083)
(594,603)Net (loss) income
$(12,042,404)
$1,427,836Other comprehensive (loss) income



Foreign currency translation adjustment
(1,968,297)
(504,606)Total comprehensive (loss) income
$(14,010,701)
$923,230Weighted average number of ordinary shares outstanding



Basic
38,392,469
27,043,750Diluted
38,392,469
27,043,750(Loss) earnings per share



Basic
$(0.31)
$0.05Diluted
$(0.31)
$0.05Reconciliations of Adjusted EBITDA to the most comparable U.S. GAAP financial metric for the three months ended March 31, 2026 and
2025 are presented in the table below:

For the Three Months EndedMarch 31,

20262025Reconciliation of non-GAAP (loss) income from operations:


Net (loss) income
$(12,042,404)$1,427,836Depreciation and amortization expenses
6,441,1123,829,644Interest expense
1,995,033-Income tax expense
1,083,083594,603EBITDA
(2,523,176)5,852,083



Adjustments:


Net gain from disposal of property, plant and equipment
(1,821,729)-Share-based compensation expenses
7,346,379138,013Adjusted EBITDA
$3,001,474$5,990,096Note: Full-year results have been audited. Quarterly results are unaudited for all periods presented.Conference Call and WebcastWhiteFiber will host a conference call to discuss its results at 9:00 a.m. Eastern Time on May 14, 2026. The call can be accessed by dialing (800) 330 6730 (access code: 160242). A live webcast will also be available on the Investor Relations section of WhiteFiber's website at https://www.whitefiber.com/investors#upcoming-events or by clicking HERE. A replay of the webcast will be available following the call.About WhiteFiber, Inc.WhiteFiber is a provider of artificial intelligence ("AI") infrastructure solutions. WhiteFiber owns high-performance computing data centers and provides cloud services to customers. Our vertically integrated model combines specialized colocation, hosting, and cloud services engineered to maximize performance, efficiency, and margin for generative AI workloads. For more information, visit www.whitefiber.com. Follow us on LinkedIn and X @WhiteFiber_.Forward-Looking StatementsThis press release may contain forward-looking statements within the meaning of applicable securities laws. Such statements include, but are not limited to, statements about our ability to capture demand in the market, prospective customer demand, the timing for completion of the initial 24-megawatt phase at our NC-1 facility, our pipeline, our ability to obtain financing on favorable terms, our expected contracted revenue, the anticipated timing and deploying of the information technology load, our position and ability to support AI infrastructure demand, our ability to capture the next phase of growth in AI infrastructure, and our ability to formalize contracts with our customers. These statements are based on current expectations and involve risks and uncertainties that may cause actual results to differ materially. These statements may be identified by words such as "will likely result," "are expected to," "will continue," "will allow us to" "is anticipated," "estimated," "expected", "believe," "intend," "plan," "projection," "outlook" or words of similar meaning. These forward-looking statements are based upon the current beliefs and expectations of the Company's management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. The Company undertakes no obligation to update any forward-looking statements except as required by law. All forward-looking statements speak only as of the date of this press release.Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those forward-looking statements are based. There can be no assurance that the forward-looking statements contained herein are reflective of future performance to any degree. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial information and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond our control. All information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward-looking statements as a result of new information, future developments or otherwise occurring after the date of this communication.Non-GAAP Financial MeasuresTo supplement our condensed consolidated financial statements, which are prepared and presented in accordance with GAAP, we use the following non-GAAP financial measure: adjusted EBITDA. The presentation of this financial measure is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.We use adjusted EBITDA for financial and operational decision-making and as a means to evaluate period-to-period comparisons. We define adjusted EBITDA, a non-GAAP financial measure, as net (loss) income before interest expense, income tax expenses, and depreciation and amortization, as adjusted to exclude share-based compensation expenses and net gain from disposal of property, plant and equipment. We believe that adjusted EBITDA provides helpful supplemental information regarding our performance by excluding certain items that may not be indicative of our core business operating results. We believe that both management and investors benefit from referring to adjusted EBITDA in assessing our performance and when planning, forecasting, and analyzing future periods. Adjusted EBITDA also facilitates management's internal comparisons to our historical performance and comparisons to our competitors' operating results. We believe adjusted EBITDA is useful to investors both because it (i) allows for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (ii) is used by our institutional investors and the analyst community to help them analyze the health of our business.The items excluded from adjusted EBITDA may have a material impact on our financial results. Accordingly, adjusted EBITDA is presented as supplemental disclosure and should not be considered in isolation of, as a substitute for, or superior to, the financial information prepared in accordance with GAAP.There are a number of limitations related to the use of non-GAAP financial measures. We compensate for these limitations by providing specific information regarding the GAAP amounts excluded from these non-GAAP financial measures and evaluating these non-GAAP financial measures together with their relevant financial measures in accordance with GAAP. We refer investors to the reconciliation of adjusted EBITDA to net (loss) income included below consolidated results.Investor Contact
WhiteFiber
IR@whitefiber.com View original content to download multimedia:https://www.prnewswire.com/news-releases/whitefiber-inc-reports-first-quarter-2026-results-302771681.htmlSOURCE WhiteFiber, Inc. Original: WhiteFiber, Inc. Reports First Quarter 2026 Results

Investor Relations Leadership Change Highlights Bit Digital’s (BTBT) Ethereum and AI Strategy PushMay 11, 2026 10:57 AM
IH Market News Bit Digital appointed a new Head of Investor Relations as the company continues expanding its Ethereum infrastructure and AI/HPC positioning in public markets. Key Investor Takeaways Bit Digital (NASDAQ:BTBT) named Daniel Kennedy as Head of Investor Relations, replacing Cameron Schnier. The appointment comes as BTBT continues building its Ethereum-focused and AI/HPC infrastructure strategy. Kennedy brings experience in digital assets, fintech, AI infrastructure, and public market communications. The move signals a continued focus on investor engagement as the company expands its strategic asset platform. Investors may watch whether Bit Digital’s Ethereum and AI initiatives translate into stronger institutional visibility and market positioning. Why Bit Digital Stock Is in Focus Bit Digital announced the appointment of Daniel Kennedy as its new Head of Investor Relations.Kennedy previously served as a board member, advisor, and director for several publicly traded companies operating in digital assets, fintech, and AI infrastructure markets.He replaces Cameron Schnier, who had led investor relations at Bit Digital since 2022 and will remain involved with the company in a strategic advisory capacity while continuing his investor relations role at WhiteFiber (NASDAQ:WYFI).According to the company, Kennedy’s background includes institutional capital markets experience as well as expertise in blockchain infrastructure, digital assets, and AI/HPC sectors.Bit Digital said the appointment is intended to strengthen shareholder communications and support investor engagement efforts as the company scales its Ethereum and AI-related initiatives.“No company in the digital asset and AI infrastructure space has been more consistently ahead of the curve than Bit Digital. It’s an honor to join a team of visionaries dedicated to building the Ethereum strategy, rails, and AI infrastructure upon which the future of finance will rely,” Kennedy said.CEO Sam Tabar added: “As we continue scaling our Ethereum strategies and AI-focused initiatives, his experience will support our efforts to communicate the Company’s strategy, value, and long-term objectives to investors.” Why This Matters for Investors While the announcement is not tied to earnings or a new product launch, it reflects Bit Digital’s ongoing effort to position itself around two high-interest themes: Ethereum infrastructure and AI/HPC computing assets.Investor relations leadership changes can matter for companies operating in rapidly evolving sectors where valuation narratives are heavily influenced by market communication, institutional visibility, and strategic positioning.The appointment may also suggest that Bit Digital is preparing for broader engagement with investors as it expands its role as a publicly traded strategic asset company with exposure to both blockchain infrastructure and AI-related computing assets.At the same time, the announcement does not introduce new financial guidance, operational metrics, or revenue forecasts. Investors may therefore focus more on how the company executes its broader Ethereum and AI infrastructure strategy in coming quarters. What To Watch Next Key areas investors may monitor include: Updates on Bit Digital’s Ethereum staking and infrastructure strategy Expansion of AI/HPC operations tied to WhiteFiber Additional leadership or strategic partnership announcements Capital allocation decisions and balance sheet positioning Whether stronger investor communications improve institutional interest and market visibility Bit Digital stock price Original: Investor Relations Leadership Change Highlights Bit Digital’s (BTBT) Ethereum and AI Strategy Push

WhiteFiber Announces First Quarter 2026 Earnings Conference CallMay 8, 2026 8:00 AM
PR Newswire (US) NEW YORK, May 8, 2026 /PRNewswire/ -- WhiteFiber, Inc. (NASDAQ: WYFI), a leading provider of AI infrastructure and HPC solutions, today announced that it will host a conference call on May 14, 2026 at 9:00 a.m. Eastern Time to discuss its results for the first quarter ended March 31, 2026. A press release announcing the results will be issued prior to the call. Sam Tabar, Chief Executive Officer, Eric Huang, Chief Financial Officer, and other members of WhiteFiber's senior management team will discuss financial results and business updates, followed by a question-and-answer session.WhiteFiber, Inc. First Quarter 2026 Earnings Conference Call
Date: May 14, 2026
Time: 9:00 a.m. Eastern Time
Dial-in: U.S./Canada Toll-Free: (800) 330-6730 | Access Code: 160242
Webcast: Event LinkThe earnings release, webcast, and replay will be available on the WhiteFiber Investor Relations website at www.whitefiber.com/investors.About WhiteFiber, Inc.WhiteFiber is a provider of artificial intelligence ("AI") infrastructure solutions. WhiteFiber owns high-performance computing data centers and provides cloud services to customers. Our vertically integrated model combines specialized colocation, hosting, and cloud services engineered to maximize performance, efficiency, and margin for generative AI workloads. For more information, visit www.whitefiber.com. Follow us on LinkedIn and X @WhiteFiber.Forward-Looking StatementsThis press release may contain forward-looking statements within the meaning of applicable securities laws. Such statements include, but are not limited to, statements about the timing of our first quarter 2026 earnings conference call. These statements are based on current expectations and involve risks and uncertainties that may cause actual results to differ materially. These statements may be identified by words such as "will likely result," "are expected to," "will continue," "will allow us to" "is anticipated," "estimated," "expected", "believe," "intend," "plan," "projection," "outlook" or words of similar meaning. These forward-looking statements are based upon the current beliefs and expectations of the Company's management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. The Company undertakes no obligation to update any forward-looking statements except as required by law. All forward-looking statements speak only as of the date of this press release.Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those forward-looking statements are based. There can be no assurance that the forward-looking statements contained herein are reflective of future performance to any degree. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial information and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond our control. All information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward-looking statements as a result of new information, future developments or otherwise occurring after the date of this communication.Investor Contact
WhiteFiber
IR@whitefiber.com View original content to download multimedia:https://www.prnewswire.com/news-releases/whitefiber-announces-first-quarter-2026-earnings-conference-call-302766403.htmlSOURCE WhiteFiber, Inc. Original: WhiteFiber Announces First Quarter 2026 Earnings Conference Call

Bit Digital, Inc. Announces Date for First Quarter 2026 Financial Results and Conference CallMay 7, 2026 4:30 PM
PR Newswire (US) NEW YORK, May 7, 2026 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company") today announced that it will release its financial results for the first quarter ended March 31, 2026, after the market closes on Thursday, May 14, 2026. Senior management will host a live webcast and conference call to discuss the results at 10:00 a.m. Eastern Time on Friday, May 15, 2026.To register for the webcast, please click here. Participants may also join the conference call by dialing 1-800-330-6730 (passcode: 340594).The earnings press release will be available on the Company's website at www.bit-digital.com prior to the start of the call.About Bit Digital
Bit Digital (NASDAQ: BTBT) is a Strategic Asset Company (SAC) focused on active participation in Ethereum infrastructure and controlling equity exposure to AI/HPC infrastructure through its majority ownership stake in WhiteFiber (NASDAQ: WYFI). The Company purchases and stakes ETH to generate protocol-native yield and participates directly in the Ethereum network. Bit Digital allocates capital with a focus on long-duration, foundational infrastructure, and disciplined balance sheet management. For additional information, please contact ir@bit-digital.com, visit our website at www.bit-digital.com or follow us on LinkedIn or X.Investor Notice
Investing in our securities involves risks worth considering, before making an investment decision. All current and potential investors are advised to regularly review the risks, uncertainties and forward-looking statements described under "Risk Factors" in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025 (Annual Report) and any subsequently filed quarterly reports on Form 10-Q and any Current Reports on Form 8-K.  If any material risks were to occur – including those not presently known to us or currently deemed immaterial – our business operations may be impaired, and our financial condition or operating results would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. See "Safe Harbor Statement" below.Safe Harbor Statement
This press release may contain certain "forward-looking statements" relating to the business of Bit Digital, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. View original content to download multimedia:https://www.prnewswire.com/news-releases/bit-digital-inc-announces-date-for-first-quarter-2026-financial-results-and-conference-call-302766195.htmlSOURCE Bit Digital, Inc. Original: Bit Digital, Inc. Announces Date for First Quarter 2026 Financial Results and Conference Call

$WYFI: $1.1Milly on August $17.5 calls...................

SIT up straight............... thats some serious conviction there........... copy and PASTE !




GO $WYFI

Bit Digital, Inc. Announces Fiscal Year 2025 Financial ResultsMarch 31, 2026 4:30 PM
PR Newswire (US)

NEW YORK, March 31, 2026 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (the "Company"), today announced its financial results for the Fiscal Year 2025. The Company will host a conference call on April 1, 2026, at 10:00 AM ET to discuss results (click here for registration information).







Financial Highlights for Fiscal Year 2025The Company's results for 2025 reflect its continued transition toward an Ethereum-focused treasury strategy and majority ownership in WhiteFiber, a separately managed public company, providing exposure to AI infrastructure.Results for fiscal year 2025 include the consolidated financial performance of WhiteFiber Inc. (Nasdaq: WYFI), which was a wholly-owned subsidiary prior to its initial public offering on August 6, 2025 and continues to be consolidated following the IPO due to its majority ownership. Following the IPO, Bit Digital continues to hold a majority ownership stake in WhiteFiber, a separately managed public company, with a portion of net income attributable to non-controlling interests.Total revenue for fiscal year 2025 was $113.6 million, a 5% increase compared to $108.0 million in fiscal year 2024. The increase was primarily driven by growth in cloud and colocation services, along with increased revenue from ETH staking, partially offset by a decrease in digital asset mining revenue.Revenue from digital asset mining was $27.3 million for 2025, a 53% decrease compared to $58.6 million in the prior year. The decline was driven by increased network difficulty and a reduction in active hash rate as the Company continues to wind down this business line.Revenue from cloud services was $68.8 million, a 50% increase compared to $45.7 million in the prior year.Revenue from colocation services was $8.9 million, a 555% increase from $1.4 million in the prior year.Revenue from ETH staking was $7.0 million, a 287% increase compared to $1.8 million in 2024. The increase was driven by higher staking rewards, growth in staked balances, and higher average ETH prices.Net loss attributable to Bit Digital shareholders for fiscal year 2025 was $(80.3) million, or $(0.31) per diluted share, compared to net income of $28.3 million, or $0.19 per diluted share, in fiscal year 2024.Adjusted EBITDA for fiscal year 2025 was $(24.9) million, compared to $73.0 million in fiscal year 2024. The change was primarily driven by a significant swing in digital asset gains and losses, reflecting volatility in crypto asset prices, including a loss of approximately $29.2 million in 2025 compared to a gain of approximately $55.7 million in 2024, partially offset by growth in cloud, colocation, and ETH staking revenue[1].Cash and cash equivalents totaled $118.4 million as of December 31, 2025, compared to $95.2 million as of December 31, 2024.Total digital assets were $415.7 million as of December 31, 2025, compared to $161.4 million as of December 31, 2024, reflecting continued ETH accumulation, partially offset by lower ETH prices at year-end 2025.As of December 31, 2025, Bit Digital held 27,043,750 WhiteFiber shares, with an implied value of approximately $427.3 million based on the Nasdaq closing price of $15.80 per share on that date.Strategic Asset Company StrategyIn June 2025, Bit Digital initiated a strategic transition toward an Ethereum-focused treasury and staking strategy, reshaping the Company to align its capital allocation and operations with secular changes in digital assets and compute infrastructure. We have concentrated our capital, staking activity, and balance sheet around Ethereum as programmable financial infrastructure, while maintaining exposure to AI infrastructure through our majority ownership stake in WhiteFiber, a separately managed public company.Today, Bit Digital operates as a Strategic Asset Company (SAC), focused on capital allocation across two core areas: Ethereum as economic infrastructure, and AI infrastructure through its ownership stake in WhiteFiber. As a SAC, the Company goes beyond passive treasury accumulation by actively participating in the Ethereum network through validator operations and staking, generating yield and supporting network activity. At the same time, it maintains exposure to growing demand for AI and high-performance computing infrastructure through its ownership of WhiteFiber. This approach is designed to support long-term compounding through staking yield, disciplined capital allocation, and exposure to structural growth in both digital assets and compute infrastructure.As a result of this strategy, the Company's ETH position[2] has grown significantly:June 30, 2025: 30,663 ETH held.December 31, 2025: 155,227 ETH held, with a market value of approximately $460.6 million based on a closing ETH price of approximately $2,967 at year-end.As of December 31, 2025, approximately 138,263 ETH, or ~89% of total holdings, were actively staked. In 2025, the Company earned approximately 1,988.8 ETH from native staking rewards, compared to 565.1 ETH in 2024, reflecting continued growth in staking participation and yield generation. Staking rewards contributed $7.0 million in revenue during 2025.The Company's average acquisition price across its ETH holdings was approximately $3,045 as of year-end. The Company remains focused on growing its ETH position in a disciplined and opportunistic manner over time, with an emphasis on capital efficiency, staking yield and long-term compounding rather than short-term scale.Bitcoin Mining UpdateBit Digital continues to wind down its bitcoin mining operations as part of its transition toward an Ethereum-focused treasury strategy. During 2025, the Company reduced its active hash rate as legacy capacity was retired, resulting in lower production.As of December 31, 2025, the Company's active hash rate was approximately 1.5 EH/s, with an average fleet efficiency of approximately 22 J/Th.The Company does not expect to allocate meaningful growth or maintenance capital to this segment going forward, as operations are primarily focused on the orderly runoff of remaining hosting agreements. Proceeds from ongoing activity are generally converted into ETH to support the Company's treasury strategy, and we expect mining exposure to continue declining over time.Management Commentary"2025 was a defining year for Bit Digital as we repositioned the Company around a clear view of how capital markets are evolving," said Sam Tabar, CEO of Bit Digital. "We exited businesses that no longer represented an efficient use of capital and concentrated our efforts in infrastructure we believe will compound over time. Today, that means Ethereum as economic infrastructure and AI compute through our majority ownership stake in WhiteFiber.""We do not view Ethereum as a passive holding. It is programmable financial infrastructure that allows us to participate directly in network activity through staking and related activities. Our focus is on increasing ETH per share in a disciplined way while maintaining flexibility and balance sheet strength. We have been deliberate in how we scale our position and have not prioritized size for its own sake. We believe this approach better positions us to grow the ETH balance opportunistically over time.""At the same time, our majority ownership stake in WhiteFiber provides exposure to AI infrastructure, where demand for compute continues to outpace supply. We view this as a long-term ownership position and do not intend to monetize it opportunistically.""As we move into the next phase, our focus is on strengthening the Company's ability to generate durable cash flow to support continued investment and compounding across the platform. We are actively evaluating opportunities to expand our business in ways that align with this objective.""We have operated through multiple market cycles. Volatility is not new to us. Our focus is on disciplined execution and long-term compounding."About Bit DigitalBit Digital (NASDAQ: BTBT) is a Strategic Asset Company (SAC) focused on active participation in Ethereum infrastructure and controlling equity exposure to AI/HPC infrastructure through its majority ownership stake in WhiteFiber (NASDAQ: WYFI). The Company purchases and stakes ETH to generate protocol-native yield and participates directly in the Ethereum network. Bit Digital allocates capital with a focus on long-duration, foundational infrastructure and disciplined balance sheet management.   For additional information, please contact ir@bit-digital.com or follow us on LinkedIn or X.Investor NoticeInvesting in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under "Risk Factors" in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025 (Annual Report) and any subsequently filed quarterly reports on Form 10-Q and any Current Reports on Form 8-K.  If any material risk was to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. See "Safe Harbor Statement" below.Safe Harbor StatementThis press release may contain certain "forward-looking statements" relating to the business of Bit Digital, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.[1] To supplement our consolidated financial statements, which are prepared and presented in accordance with GAAP, we use EBITDA and Adjusted EBITDA as non-GAAP financial measures. We believe these measures provide useful information to investors and others in understanding and evaluating our operating results as they eliminate the effects of certain items that are not directly attributable to our core operating performance. However, the use of these non-GAAP measures has limitations as an analytical tool, and you should not consider them in isolation or as a substitute for analysis of our results as reported under GAAP. Some of these limitations are: (i) they do not reflect our cash expenditures or future requirements for capital expenditures; (ii) they do not reflect changes in, or cash requirements for, our working capital needs; and (iii) other companies in our industry may calculate these measures differently, limiting their usefulness as comparative measures[2] Includes approximately 6,062 ETH and ETH-equivalents held in an externally managed fund as of June 30, 2025; Includes approximately 15,218.3 ETH and ETH-equivalents held in an externally managed fund as of December, 31, 2025. 



View original content to download multimedia:https://www.prnewswire.com/news-releases/bit-digital-inc-announces-fiscal-year-2025-financial-results-302730385.htmlSOURCE Bit Digital, Inc.

Original: Bit Digital, Inc. Announces Fiscal Year 2025 Financial Results

WhiteFiber shares slide 11% after wider-than-expected fourth-quarter lossMarch 26, 2026 10:25 AM
IH Market News
WhiteFiber, Inc. (NASDAQ:WYFI) reported a fourth-quarter loss on Thursday that fell well short of analyst expectations, sending the company’s shares down about 11.4% in pre-market trading.The AI infrastructure provider posted an adjusted loss of $0.67 per share for the quarter, significantly deeper than the consensus forecast of a $0.06 loss.Revenue for the period reached $23.6 million, representing a 61% year-over-year increase from $14.6 million in the same quarter last year. Adjusted EBITDA came in at $5.8 million, slightly higher than the $5.5 million reported in the fourth quarter of 2024.Cloud services generated $19.3 million in revenue, up 48% from the prior-year period, while colocation services produced $3.9 million compared with $1.4 million a year earlier. The growth in colocation revenue was driven by the ramp-up of the company’s MTL-3 data center and early contributions from its colocation agreement with Cerebras.“2025 was a transformational year for WhiteFiber,” said Sam Tabar, Chief Executive Officer. “We completed our initial public offering, expanded our infrastructure platform, and began bringing new AI capacity online to support the rapidly growing demand for high-performance compute.”During the quarter, WhiteFiber also signed a long-term colocation agreement with Nscale Global Holdings covering 40 megawatts of capacity at its NC-1 data center campus in North Carolina. The contract represents approximately $865 million in committed revenue over an initial 10-year term, with the first phase expected to begin operations in the second quarter of 2026.For the full year 2025, the company reported adjusted EBITDA of $17.3 million and a net loss of $24.7 million.WhiteFiber ended the year with $114.4 million in cash and cash equivalents and no outstanding funded debt. In January 2026, the company completed a $230 million private placement of convertible senior notes to finance further expansion of its data center infrastructure.WhiteFiber stock price

Original: WhiteFiber shares slide 11% after wider-than-expected fourth-quarter loss

WhiteFiber, Inc. Reports Fourth Quarter and Full Year 2025 ResultsMarch 26, 2026 7:00 AM
PR Newswire (US)

NEW YORK, March 26, 2026 /PRNewswire/ -- WhiteFiber, Inc. (Nasdaq: WYFI) ("WhiteFiber" or the "Company"), a leading provider of AI infrastructure and high-performance computing solutions, today announced financial results for the fourth quarter and fiscal year ended December 31, 2025.







Sam Tabar, Chief Executive Officer of WhiteFiber, said:"2025 was a transformational year for WhiteFiber. We completed our initial public offering, expanded our infrastructure platform, and began bringing new AI capacity online to support the rapidly growing demand for high-performance compute.During the fourth quarter, our MTL-3 facility became operational and began generating revenue under our colocation agreement with Cerebras. We also executed a long-term colocation agreement with Nscale for the first phase of our NC-1 campus in North Carolina, securing the anchor tenant for the site and marking a major milestone in the development of our U.S. colocation platform.Demand for high-density AI infrastructure continues to exceed available supply, particularly for near-term deployments. With MTL-3 now operational and NC-1 on track for initial delivery in 2026, we believe WhiteFiber is well positioned to support this demand with purpose-built infrastructure designed for next-generation AI workloads.Alongside our colocation platform, we continue to develop our cloud capabilities with a disciplined focus on performance, reliability, and long-term enterprise workloads.We are also advancing the next site in our development pipeline as we continue active discussions with enterprise-grade customers seeking additional high-density AI infrastructure capacity beyond NC-1. With a strengthened balance sheet following our recent convertible financing, we believe WhiteFiber is well positioned to capture the next phase of growth in AI infrastructure."Fourth Quarter 2025 HighlightsExecuted a long-term colocation agreement with Nscale Global Holdings for 40 MW of capacity at the Company's NC-1 data center campus in North Carolina, representing an expected $865 million of contracted revenue over the initial 10-year term, including contractual annual rate escalators and non-recurring installation services, and securing the site's anchor tenant, with the initial phase expected to commence service in the second quarter of 2026.Total revenue of $23.6 million, up 61% year-over-year from $14.6 million in the fourth quarter of 2024.Cloud services revenue of $19.3 million, up 48% year-over-year, reflecting continued demand for AI compute infrastructure.Colocation services revenue of $3.9 million, compared to $1.4 million in the prior-year period, driven by the ramp of the MTL-3 data center and the initial contribution from the Company's colocation agreement with Cerebras.Gross profit (excluding depreciation and amortization) of approximately $14.3 million, representing gross margin of approximately 61%, compared to approximately 52% in the fourth quarter of 2024.Adjusted EBITDA of $5.8 million, compared to $5.5 million in the fourth quarter of 2024.Net loss of $1.5 million, compared to net loss of $1.0 million in the prior-year period.Fiscal Year 2025 HighlightsCompleted initial public offering in August 2025, raising approximately $183 million in gross proceeds, including the underwriters' overallotment option.Adjusted EBITDA of $17.3 million, reflecting continued scaling of the Company's AI infrastructure platform.Capital expenditures of approximately $268 million, primarily related to the development of new AI-focused data center capacity.Expanded the Company's infrastructure platform through the acquisition of the NC-1 development site in North Carolina and the lease-to-own arrangement for the MTL-3 data center, which began contributing revenue during the fourth quarter.Balance Sheet and LiquidityCash and cash equivalents of $114.4 million and restricted cash of $3.9 million as of December 31, 2025.No funded debt outstanding at year-end and access to an undrawn credit facility with RBC.In January 2026, the Company completed a $230 million private placement of 4.5% convertible senior notes due 2031. The notes were issued with an initial conversion price of $25.91 per share, representing a 27.5% premium to the Company's share price at pricing. In connection with the transaction, the Company also entered into a zero-strike call structure that increases the effective conversion price to approximately $37 per share and materially reduces potential dilution. Proceeds from the financing will support data center expansion and related infrastructure investments.Summary of Financial ResultsWHITEFIBER, INC.CONSOLIDATED STATEMENTS OF OPERATIONS(Expressed in US dollars, except for the number of shares)

Three Months Ended
Twelve Months EndedDecember 31,
December 31,
2025
2024
2025
2024Revenues






Cloud services$19,283,110
$13,009,652
$68,753,609
$45,727,736Colocation services3,854,123
1,361,241
8,913,816
1,361,241Other423,742
227,864
1,496,827
550,260Total revenues$23,560,975
$14,598,757
$79,164,252
$47,639,237Operating costs and expenses






Cost of revenues (exclusive of depreciation shown below)






Cloud services(7,653,686)
(6,513,035)
(26,586,363)
(19,725,330)Colocation services(1,575,706)
(490,501)
(3,450,535)
(490,501)Depreciation and amortization expenses(8,099,349)
(4,982,837)
(23,440,884)
(16,511,406)General and administrative expenses(11,429,604)
(4,480,805)
(52,507,246)
(10,283,615)Total operating expenses(28,758,345)
(16,467,178)
(105,985,028)
(47,010,852)(Loss) income from operations(5,197,370)
(1,868,421)
(26,820,776)
628,385Net loss from disposal of property and equipment(34,771)
-
(372,993)
-Other income, net1,515,811
579,235
1,425,399
1,615,634Total other income, net1,481,040
579,235
1,052,406
1,615,634(Loss) income before income taxes(3,716,330)
(1,289,186)
(25,768,370)
2,244,019Income tax expense2,193,064
252,016
1,085,832
(874,177)Net (loss) income$(1,523,266)
$(1,037,170)
$(24,682,538)
$1,369,842Other comprehensive (loss) income






Foreign currency translation adjustment1,818,733
(1,565,558)
3,452,765
(1,565,558)Total comprehensive (loss)$295,467
$(2,602,728)
$(21,229,773)
$(195,716)Weighted average number of ordinary share outstanding






Basic2,258,662
27,043,750
31,584,244
27,043,750Diluted2,258,662
27,043,750
31,584,244
27,043,750Earnings (loss) per share






Basic(0.67)
(0.04)
(0.78)
0.05Diluted$(0.67)
$(0.04)
$(0.78)
$0.05Reconciliations of Adjusted EBITDA to the most comparable U.S. GAAP financial metric for the three months ended and twelve months ended December 31, 2025 and 2024 are presented in the table below:
For Three Months Ended December 31,
For Twelve Months Ended December 31,
2025
2024
2025
2024Reconciliation of non-GAAP income from operations:






Net income (loss)$ (1,523,266)
$ (1,037,170)
$ (24,682,538)
$ 1,369,842Depreciation and amortization8,099,349
4,982,837
23,440,884
16,511,406Interest expense3,516
-
3,516
-Income tax (benefit) expense(2,193,064)
(252,016)
(1,085,832)
874,177EBITDA$ 4,386,535
$ 3,693,651
$ (2,323,970)
$ 18,755,425







Adjustments:






Loss on disposal of property and equipment34,771
-
372,993
-Share-based compensation1,369,757
1,788,693
19,246,208
3,170,697Adjusted EBITDA$ 5,791,063
$ 5,482,344
$ 17,295,231
$ 21,926,122Note: Full-year results have been audited. Quarterly results are unaudited for all periods presented.Conference Call and WebcastWhiteFiber will host a conference call to discuss its results at 9:00 a.m. Eastern Time on March 26, 2026. The call can be accessed by dialing (800) 330 6730 (access code: 936899). A live webcast will also be available on the Investor Relations section of WhiteFiber's website at https://www.whitefiber.com/investors#upcoming-events. A replay of the webcast will be available following the call.About WhiteFiber, Inc.WhiteFiber is a provider of artificial intelligence ("AI") infrastructure solutions. WhiteFiber owns high-performance computing data centers and provides cloud services to customers. Our vertically integrated model combines specialized colocation, hosting, and cloud services engineered to maximize performance, efficiency, and margin for generative AI workloads. For more information, visit www.whitefiber.com. Follow us on LinkedIn and X @WhiteFiber_.Forward-Looking StatementsThis press release may contain forward-looking statements within the meaning of applicable securities laws. Such statements include, but are not limited to, statements about our ability to capture demand in the market, prospective customer demand, the timing for completion of the initial 24-megawatt phase at our NC-1 facility, our pipeline, our expected contracted revenue, the anticipated timing and deploying of the information technology load, our position and ability to support AI infrastructure demand, our ability capture the next phase of growth in AI infrastructure, and our ability to formalize contracts with our customers. These statements are based on current expectations and involve risks and uncertainties that may cause actual results to differ materially. These statements may be identified by words such as "will likely result," "are expected to," "will continue," "will allow us to" "is anticipated," "estimated," "expected", "believe," "intend," "plan," "projection," "outlook" or words of similar meaning. These forward-looking statements are based upon the current beliefs and expectations of the Company's management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. The Company undertakes no obligation to update any forward-looking statements except as required by law. All forward-looking statements speak only as of the date of this press release.Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those forward-looking statements are based. There can be no assurance that the forward-looking statements contained herein are reflective of future performance to any degree. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial information and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond our control. All information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward-looking statements as a result of new information, future developments or otherwise occurring after the date of this communication.Non-GAAP Financial MeasuresTo supplement our condensed consolidated financial statements, which are prepared and presented in accordance with GAAP, we use the following non-GAAP financial measure: adjusted EBITDA. The presentation of this financial measures is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.We use adjusted EBITDA for financial and operational decision-making and as a means to evaluate period-to-period comparisons. We define adjusted EBITDA, a non-GAAP financial measure, as net (loss) income before income tax expenses, depreciation and amortization, as adjusted to exclude share-based compensation expenses. We believe that adjusted EBITDA provides helpful supplemental information regarding our performance by excluding certain items that may not be indicative of our core business operating results. We believe that both management and investors benefit from referring to adjusted EBITDA in assessing our performance and when planning, forecasting, and analyzing future periods. Adjusted EBITDA also facilitates management's internal comparisons to our historical performance and comparisons to our competitors' operating results. We believe adjusted EBITDA is useful to investors both because they (i) allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (ii) are used by our institutional investors and the analyst community to help them analyze the health of our business.The items excluded from adjusted EBITDA may have a material impact on our financial results. Accordingly, adjusted EBITDA is presented as supplemental disclosure and should not be considered in isolation of, as a substitute for, or superior to, the financial information prepared in accordance with GAAP.There are a number of limitations related to the use of non-GAAP financial measures. We compensate for these limitations by providing specific information regarding the GAAP amounts excluded from these non-GAAP financial measures and evaluating these non-GAAP financial measures together with their relevant financial measures in accordance with GAAP. We refer investors to the reconciliation adjusted EBITDA to net (loss) income included below consolidated results.Investor Contact
WhiteFiber
IR@whitefiber.com



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Original: WhiteFiber, Inc. Reports Fourth Quarter and Full Year 2025 Results

WhiteFiber Announces Fourth Quarter and Full Year 2025 Earnings Conference CallMarch 18, 2026 4:30 PM
PR Newswire (US)

NEW YORK, March 18, 2026 /PRNewswire/ -- WhiteFiber, Inc. (NASDAQ: WYFI), a leading provider of AI infrastructure and HPC solutions, today announced that it will host a conference call on March 26, 2026 at 9:00 a.m. Eastern Time to discuss its financial and operational results for the fourth quarter and full year ended December 31, 2025. A press release announcing the results will be issued prior to the call.







Sam Tabar, Chief Executive Officer, Eric Huang, Chief Financial Officer, and other members of WhiteFiber's senior management team will discuss financial results and business updates, followed by a question-and-answer session.WhiteFiber, Inc. Fourth Quarter and Full Year 2025 Earnings Conference CallDate:             March 26, 2026
Time:           9:00 a.m. Eastern time
Dial in:           U.S. Toll-Free: (800) 330 6730 | Access Code: 936899
Webcast:       Event Link
The earnings release, webcast and replay will be accessible on the WhiteFiber Investor Relations website at www.whitefiber.com/investors.About WhiteFiber, Inc.WhiteFiber is a provider of artificial intelligence ("AI") infrastructure solutions. WhiteFiber owns high-performance computing data centers and provides cloud services to customers. Our vertically integrated model combines specialized colocation, hosting, and cloud services engineered to maximize performance, efficiency, and margin for generative AI workloads. For more information, visit www.whitefiber.com. Follow us on LinkedIn and X @WhiteFiber_.Forward-Looking StatementsThis press release may contain forward-looking statements within the meaning of applicable securities laws. Such statements include, but are not limited to, statements about our ability to capture demand in the market, prospective customer demand, and the timing for completion of our NC-1 facility. These statements are based on current expectations and involve risks and uncertainties that may cause actual results to differ materially. These statements may be identified by words such as "will likely result," "are expected to," "will continue," "will allow us to" "is anticipated," "estimated," "expected", "believe," "intend," "plan," "projection," "outlook" or words of similar meaning. These forward-looking statements are based upon the current beliefs and expectations of the Company's management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. WhiteFiber undertakes no obligation to update any forward-looking statements except as required by law. All forward-looking statements speak only as of the date of this press release.Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those forward-looking statements are based. There can be no assurance that the forward-looking statements contained herein are reflective of future performance to any degree. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial information and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond our control. All information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward-looking statements as a result of new information, future developments or otherwise occurring after the date of this communication.Investor Contact: IR@whitefiber.com



View original content to download multimedia:https://www.prnewswire.com/news-releases/whitefiber-announces-fourth-quarter-and-full-year-2025-earnings-conference-call-302717509.htmlSOURCE WhiteFiber, Inc.

Original: WhiteFiber Announces Fourth Quarter and Full Year 2025 Earnings Conference Call

Every day the CEO delays announcing his supposedly great deal the stock is getting punished.  Acting like no one believes there is any deal on the table from Dubai summit.

Hard to believe I got that chance to buy at 20.50.
I know nothing except for the technicals at play here.

Revenues were surprisingly stronger than I thought they would be. Thinking $20-22 may be a good entry point but don't know if will ever revisit that level except in a downturn.

Now $14.50....company got it's money, lead brokerages got their money, shareholders not so much. Waiting until just for before quarterly results come out to make decision on possible purchase .

$WYFI: WhiteFiberrrrrrrrrrrrrrrrrrr IPO today...........

I can feel it in my white LOINS.............. now $18

Opened at $25






GO $WYFI