New York, June 1, 2026, 18:05 (EDT)
WhiteFiber Inc shares rose about 6% in late Nasdaq trading on Monday, rebounding from an intraday low as investors bought back into smaller artificial-intelligence infrastructure names. The stock last traded at $31.56 at 5:38 p.m. EDT, after opening at $29.02 and touching $32.00, giving the company a market value of about $1.21 billion.
The move matters because WhiteFiber is still being judged less like a mature data-center company and more like a capital-hungry AI buildout story. It owns high-performance computing, or HPC, data centers — clustered computing power used for heavy AI workloads — and provides cloud-based GPU services, using graphics-processing chips that train and run AI models.
Last week’s financing news remains the anchor. WhiteFiber said on May 27 it had entered a $100 million delayed-draw term loan with Bit Digital Capital, a Bit Digital subsidiary; delayed draw means the borrower can tap the money over time rather than all at once. The facility can rise to $150 million if the parties agree, and CEO Sam Tabar said it gives the company “added flexibility” while it works to bring contracted capacity online. PR Newswire
But the trade has a hard execution edge. A filing showed the loan carries a 9.5% annual interest rate before stepping down to 8% only after the 40-megawatt first phase of the NC-1 project is substantially complete and at least 80% of that capacity is leased; megawatts are a measure of the power a data center can support. WhiteFiber also remains dependent on permanent financing for NC-1, leaving investors exposed to delays, higher funding costs or weaker leasing demand.
The company also has a fresh customer signal. On May 21, WhiteFiber said it had signed a five-year AI compute agreement worth more than $160 million with an investment-grade technology customer in the Paris region, using advanced Nvidia GPU systems. Service is expected to start in July, subject to equipment delivery and acceptance, and Tabar said the deal showed “strong demand” from enterprise customers globally. PR Newswire
WhiteFiber’s most recent quarterly numbers showed the scale of the bet, and the cost of getting there. First-quarter revenue rose 31% from a year earlier to $21.9 million, while colocation revenue — data-center space, power and services rented to customers — nearly tripled. The company still posted a $12.0 million net loss, and it disclosed about $921.0 million of remaining performance obligations tied mainly to its NC-1 colocation agreement.
Monday’s rally did not happen in isolation. CoreWeave jumped about 14%, Nebius gained about 14.5% and Applied Digital rose about 1.4%, keeping WhiteFiber inside a stronger tape for companies tied to AI compute and data-center capacity.
Bit Digital, which holds a majority interest in WhiteFiber, also rose, gaining about 4.2% to $2.11. Its own filing said it expected to fund advances under the WhiteFiber facility, in whole or in part, through drawings against an Ethereum-denominated secured credit facility, adding a crypto-treasury angle to what is otherwise an AI infrastructure financing story.
That structure may help bridge near-term spending, but it also sharpens the market’s focus on timing. If equipment slips, permanent financing takes longer, or customers delay taking capacity, investors may treat the latest bounce as another speculative AI trade rather than a cleaner rerating.
For now, WYFI is trading on proof points. The next ones are simple enough: financing that closes, power that comes online, GPUs that are accepted, and contracts that turn into revenue.
