WhiteFiber reports $28.84 million Q2 revenue, beating estimates as Cloud Services revenue rises 43% and colocation revenue jumps 173%.
WhiteFiber secured $540M in cloud contracts ($200M+ annual revenue) spanning 1,968 NVIDIA GPUs across AI-focused colocation sites. Hyperscalers and foundation model providers are outsourcing GPU capacity to capital-light managed colocation rather than building proprietary infrastructure.
WhiteFiber, Inc.
(NASDAQ:WYFI) shares are surging on Wednesday after the company reported strong second-quarter results.
The company reported a loss of $0.39 per share, narrower than the $0.41 analyst estimate.
Also, revenue reached $28.84 million, topping the $19.34 million consensus.
Earnings Snapshot Revenue rose 54% year over year, driven by a 43% increase in Cloud Services revenue to $23.8 million and a 173% jump in Colocation revenue to $4.7 million.
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