WhiteFiber Inc. (NASDAQ:WYFI) saw its stock rise 11.3% in after-hours trading Thursday after announcing a multi-year contract to provide AI compute infrastructure for an investment-grade technology customer.
The binding agreement covers a five-year term and carries aggregate value in excess of $160 million. Service under the contract is slated to begin in July 2026, contingent on final equipment delivery and acceptance milestones.
Deployment and hardware
The deployment will be based in the Paris region and will make use of advanced NVIDIA GPU systems. To support the installation, WhiteFiber has secured third-party data center capacity in France. The company supplies AI infrastructure and high-performance computing solutions to enterprise customers.
Financing structure and timing
WhiteFiber has signed a binding term sheet for project-level financing that is expected to close in June 2026. The company said the project will be backed by customer prepayments, which include 12 months of advance service fees, together with project-level financing. Management indicated the financing approach will limit long-term reliance on WhiteFiber’s corporate balance sheet and existing cash resources.
Management comment
Sam Tabar, Chief Executive Officer of WhiteFiber, said the arrangement demonstrates the company’s capability to originate large-scale AI compute deployments backed by long-duration, investment-grade customer commitments and capital-efficient financing structures. He added that the transaction expands WhiteFiber’s cloud footprint into Europe.
Market reaction and context
The announcement prompted the immediate after-hours share appreciation as investors reacted to the size of the commitment and the multi-year revenue potential implied by the deal. The deployment’s start date and the closing of project-level financing remain subject to the stated equipment delivery, acceptance milestones and the planned June 2026 financing close.
Key points
- WhiteFiber agreed to a five-year AI infrastructure contract valued at more than $160 million.
- Service is expected to start in July 2026 in the Paris region, using NVIDIA GPU systems.
- Project-level financing and customer prepayments, including 12 months of advance fees, are expected to limit long-term impact on WhiteFiber’s corporate balance sheet.
Risks and uncertainties
- Commencement of service depends on final equipment delivery and acceptance milestones - this affects technology and data center sectors.
- Project-level financing is expected to close in June 2026 - until then, the financing outcome remains uncertain for capital markets and financial services participants involved.
- Reliance on third-party data center capacity in France introduces execution risk tied to facility availability and operations in the data center and cloud infrastructure sectors.
WhiteFiber provides AI infrastructure and high-performance computing solutions and confirmed that third-party data center capacity in France will host the deployment.