WYFI · WhiteFiber, Inc. Ordinary Shares

WhiteFiber's announcement of a five-year AI compute infrastructure agreement with an investment-grade customer marks a strategic milestone, expanding its high-performance computing services into Europe. The contract, valued at over $160 million, underscores strong enterprise demand for AI infrastructure. The deployment in the Paris region using NVIDIA GPU systems positions WhiteFiber to capture growing European demand. The project-level financing term sheet, coupled with 12 months of customer prepayments, minimizes reliance on the company's corporate balance sheet and existing cash, enhancing capital efficiency. Expected service commencement in July 2026 is subject to equipment delivery and acceptance milestones. This deal reinforces WhiteFiber's ability to originate large-scale, long-duration contracts with investment-grade counterparties and execute capital-light growth. The expansion into France diversifies its geographic footprint and demonstrates scalability of its vertically integrated model. Investors should monitor the closing of the project-level financing in June and the subsequent deployment timeline, as these are key to revenue recognition and cash flow generation.