WhiteFiber, Inc. Ordinary Shares Q2 2026 Earnings Recap

White Fiber shares jumped 16.5% after earnings, reflecting investor optimism around the initial revenue start and full deployment progress at NC1, as well as positive developments in the company’s development pipeline and customer engagement.

Key Takeaways

• NC1 has transitioned into active customer deployment with initial billing commenced for approximately 20 megawatts; full 40-megawatt contracted load expected to reach full run rate billing by end of August.
• Previous equipment delivery and commissioning delays were resolved, and phased turnover is progressing steadily in close coordination with customers and vendors.
• The company is advancing plans to expand NC1 capacity beyond 40 megawatts, with Duke Energy expected to confirm delivery schedules for an additional 45 megawatts and discussions ongoing for a potential further 200-megawatt expansion.
• Decision made to move forward with approximately 5 megawatts of capacity development at the NTL2 Canadian site, supported by ongoing customer discussions and evaluation of deployment approaches.
• Other Canadian assets like MTL1 and MTL3 remain stable with ongoing customer renewals and expansion efforts underway; demand for power-ready AI infrastructure remains strong, especially for 2027 deployments.