WhiteFiber beats Q2 estimates with revenue up 54% YoY and signs new cloud contracts
WhiteFiber reported Q2 revenue of $28.8M, up 54% YoY and beating street estimates of $19-24M (though ~$12M was a previously disclosed termination payment), with NC-1 finally billing and RPO rising to $933M. The company signed $380M+ in new cloud contracts including a $165M Baseten deal for 1,392 NVIDIA B300 GPUs and a $108M Prime Intellect deal.
Detected & updated continuously · Source: Nebula
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@matthew_sigel
$WYFI +15% pre-mkt on EPS beat across the board >Rev $28.8M, street was at $19-24M but ~$12M was a termination payment (previously disclosed) so don't get too excited >NC-1 finally billing. RPO barely moved ($924M --> $933M, basically all Nscale) >Signs $380M+ in NEW cloud https://t.co/BrX7SFEmHL
@LeaderInvests
𝗝𝗨𝗦𝗧 𝗜𝗡: $WYFI WhiteFiber Q2 Earnings 🚨 🔹 Revenue +54% YoY to $28.8M 🔹 Adj. EBITDA +69% to ~$5.5M 🔹 New multi-year cloud contracts: $540M+ 🔹 NC-1 now billing, full 40 MW run-rate this month 🔹 Baseten: $165M deal, 1,392 NVIDIA B300 GPUs 🔹 Prime Intellect: $108M Vera