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WhiteFiber, Inc. provides artificial intelligence (AI) infrastructure solutions. It operates through two segments, cloud services and colocation services. The company designs, develops, and operates data centers. It also offers hosting, colocation, and cloud-based high-performance computing (HPC) graphics processing unit (GPU) services. In addition, the company provides data center infrastructure and cloud services for enterprises, research institutions, and AI and machine learning (ML) driven businesses. Further, it serves healthcare, finance, and technologies; and GPU cloud customers. The company was formerly known as Celer, Inc. and changed its name to WhiteFiber, Inc. in October 2024. The company was incorporated in 2024 and is headquartered in New York, New York. WhiteFiber, Inc. is a subsidiary of Bit Digital, Inc.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $79M | $-3M | $-25M | $-223M | -5.1% | 66.2% | -1901.9% |
| 2024 | $48M | $17M | $1M | $-60M | 0.8% | - | - |
| 2023 | - | - | - | - | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Revenue | - | 47.64 | 79.16 |
| Operating Revenue | - | 47.09 | 77.67 |
| Cost Of Revenue | - | 20.22 | 30.04 |
| Gross Profit | - | 27.42 | 49.13 |
| Operating Expense | - | 26.80 | 75.95 |
| Selling General And Administration | - | 10.28 | 52.51 |
| Total Expenses | - | 47.01 | 105.99 |
| Operating Income | - | 0.63 | -26.82 |
| Total Operating Income As Reported | - | 0.63 | -26.82 |
| EBITDA | - | 17.14 | -3.38 |
| Normalized EBITDA | - | 17.14 | -3.01 |
| EBIT | - | 0.63 | -26.82 |
| Other Non Operating Income Expenses | - | 1.62 | 1.43 |
| Other Income Expense | - | 1.62 | 1.05 |
| Pretax Income | - | 2.24 | -25.77 |
| Tax Provision | - | 0.87 | -1.09 |
| Tax Rate For Calcs | - | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | -0.02 |
| Net Income Continuous Operations | - | 1.37 | -24.68 |
| Net Income From Continuing And Discontinued Operation | - | 1.37 | -24.68 |
| Net Income From Continuing Operation Net Minority Interest | - | 1.37 | -24.68 |
| Net Income | - | 1.37 | -24.68 |
| Net Income Common Stockholders | - | 1.37 | -24.68 |
| Net Income Including Noncontrolling Interests | - | 1.37 | -24.68 |
| Normalized Income | - | 1.37 | -24.33 |
| Diluted NI Availto Com Stockholders | - | 1.37 | -24.68 |
| Basic Average Shares | - | 36.42 | 31.58 |
| Diluted Average Shares | - | 36.42 | 31.58 |
| Reconciled Depreciation | - | 16.51 | 23.44 |
| Reconciled Cost Of Revenue | - | 20.22 | 30.04 |
| Total Unusual Items | - | 0 | -0.37 |
| Total Unusual Items Excluding Goodwill | - | 0 | -0.37 |
| Special Income Charges | - | 0 | -0.37 |
| Depreciation Amortization Depletion Income Statement | - | 16.51 | 23.44 |
| Depreciation And Amortization In Income Statement | - | 16.51 | 23.44 |
| General And Administrative Expense | - | 10.28 | 52.51 |
| Other Gand A | - | 10.28 | 52.51 |
| Gain On Sale Of Ppe | - | 0 | -0.37 |
| Rent Expense Supplemental | - | 17.35 | 21.18 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| WhiteFiber, Inc.this co. | WYFI | $1.1B | - | 21.36 | -5.1% | - |
| Digital Turbine, Inc. | APPS | $1.1B | -29.80 | 5.86 | -19.6% | 13.80 |
| Upbound Group, Inc. | UPBD | $1.1B | 14.49 | 1.52 | 10.5% | 1.61 |
| Corsair Gaming, Inc. | CRSR | $1.1B | -65.61 | 1.67 | -2.6% | 22.45 |
| Amplitude, Inc. | AMPL | $1.0B | - | 4.19 |
| -36.1% |
| - |
| indie Semiconductor, Inc. | INDI | $1.0B | -7.09 | 2.83 | -40.0% | -13.15 |
| Rezolve AI PLC | RZLV | $1.0B | -9.87 | 4.06 | -41.1% | -9.64 |
| NCR Voyix Corporation | VYX | $978M | 15.78 | 1.03 | 6.5% | 7.97 |
| ScanSource, Inc. | SCSC | $964M | 13.48 | 1.06 | 7.9% | 7.43 |
| Peer Median | - | -7.09 | 2.25 | -11.1% | 7.43 | |