WhiteFiber secures $160 million AI compute contract with five-year term

WhiteFiber Inc. (NASDAQ: WYFI) announced it has signed a five-year agreement to provide AI compute infrastructure for an investment-grade technology customer, with a total contract value exceeding $160 million.

The deployment will be located in the Paris region and will utilize advanced NVIDIA GPU systems. Service is expected to commence in July 2026, subject to final equipment delivery and acceptance milestones.

WhiteFiber has entered into a binding term sheet for project-level financing, which is expected to close in June 2026. The project will 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."

The company has secured third-party data center capacity in France to support the deployment. This agreement expands WhiteFiber's cloud footprint into Europe.

WhiteFiber provides artificial intelligence infrastructure solutions and owns high-performance computing data centers. The company offers cloud services to customers through a vertically integrated model that combines specialized colocation, hosting, and cloud services for generative AI workloads.

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