WhiteFiber, Inc. Ordinary Shares

Unifi Inc. reported a fiscal fourth-quarter net loss of $1.2 million, or 6 cents per share, compared with net income of $15.5 million, or 82 cents per share, a year earlier, which included a $35.8 million gain on a facility sale. Net sales rose 4.1 percent to $144.2 million, with Repreve Fiber products contributing $40.2 million, or 28 percent of net sales, while gross profit swung to $14.3 million from a $1.1 million loss. Selling, general and administrative expenses fell 1 percent to $11.8 million, driven by cost reduction efforts. The company also announced an agreement to sell non-strategic real estate in Yadkin County, North Carolina, for $60 million to data center operator WhiteFiber, with the transaction expected to close in the fourth quarter.

WhiteFiber agreed Monday to pay $60 million in cash for two industrial properties in Yadkin County, North Carolina, with the acquisition expected to close in the fourth quarter. The planned NC-2 and NC-3 data-center campuses would provide at least 60 MW of combined initial gross utility capacity, and WhiteFiber estimates the properties could eventually support approximately 200 gross MW, with initial ready-for-service capacity targeted for the third quarter of 2027. The sites are about 55 miles from WhiteFiber's NC-1 campus in Madison, and the company said their existing industrial infrastructure and surrounding land fit its retrofit-first strategy, which is intended to reduce development time and improve capital efficiency compared with greenfield construction. WhiteFiber said discussions with prospective customers are advanced and that it has received non-binding letters of intent carrying investment-grade credit support, though the prospective customers were not identified and the letters do not represent binding revenue contracts. The disclosed capacity is gross utility capacity rather than critical IT load, and WhiteFiber did not provide expected conversion costs, development spending, rack density or a breakdown of the initial capacity between NC-2 and NC-3.

WhiteFiber, Inc. (NASDAQ:WYFI) reported second quarter 2026 revenue of $28.8 million, up 54% year over year, driven by expanded cloud services and the start of operations at its MTL 3 facility. Cloud services revenue reached $23.8 million, compared with $16.6 million in the prior year period, while colocation revenue was $4.7 million. The company posted a net loss of $15 million, or $0.39 per diluted share, reflecting higher depreciation and interest expenses from infrastructure expansion, and adjusted EBITDA of $5.5 million, up from $3.3 million a year earlier. WhiteFiber also announced that Justin Zhu has assumed the role of Chief Financial Officer, succeeding Eric Lang, who will remain as a senior adviser. Management highlighted $865 million in contracted revenue over 10 years for 40 megawatts of capacity at its NC1 facility, with 20 megawatts currently available for customer deployment and the full 40 megawatts expected by the end of August.

WhiteFiber, Inc. reported second-quarter 2026 results with a GAAP loss of $0.39 per share, beating analyst estimates by $0.05. Revenue reached $28.8 million, a 54% increase year-over-year and $10.37 million above expectations. Adjusted EBITDA rose 69% to approximately $5.5 million from $3.3 million in the prior-year period.

Wall Street offered a mixed performance last week, with the S&P 500 gaining about 1.2%, the Dow Jones losing about 0.5%, the Nasdaq Composite adding about 1.7%, and the Russell 2000 shedding about 0.6%. Tech stocks rallied, boosted by weak June jobs data that fueled speculation the Fed may hold off on rate hikes, benefiting growth-oriented sectors. The Dow Jones Industrial Average hit a record high of 53,000 for the first time on July 6, 2026, while fresh U.S.-Iran tensions pushed oil prices higher, with the United States Brent Oil Fund adding about 5.4%. SK Hynix made a blockbuster U.S. market debut, with its ADRs jumping about 13% on the first day after pricing at $149 apiece, raising approximately $26.5 billion in the largest U.S. IPO ever by a foreign company. Against this backdrop, the best-performing leveraged ETFs included the Defiance Daily Target 2x Short RKLB ETF, which surged 45.1% as Rocket Lab shares slumped about 19%, and the Direxion Daily BABA Bull 2X ETF, which gained 32.2% after Alibaba stock rose 15% on a bullish UBS note citing margin-expanding cloud growth. The Leverage Shares 2X Long HPE Daily ETF added 28.4% as Hewlett Packard Enterprise gained 16.2% on a record backlog and AI server demand, while the Defiance Daily Target 2X Long WYFI ETF rose 20.7% as WhiteFiber shares advanced 20.3% on AI infrastructure expansion.

Barclays has identified Bit Digital as a company poised to benefit from the AI infrastructure buildout, citing expected significant increases in hyperscaler capital expenditure. The firm believes Bit Digital is essential to digital infrastructure expansion, noting the company has shifted from Bitcoin mining to providing cloud infrastructure for AI workloads. Bit Digital remains involved in crypto through its Ethereum treasury, which recently grew to approximately 158,461.75 tokens after a $20 million purchase of 8,568 Ether. The company provides AI infrastructure solutions via its majority-owned WhiteFiber, which builds and operates data centers for AI and high-performance computing.

A bullish thesis on WhiteFiber, Inc. was published on TradersPro's Substack, highlighting the company's position in AI infrastructure. WhiteFiber provides cloud and colocation services, offering data center capacity, power, and GPU resources to enterprises and AI startups. The thesis points to surging AI workload demand and the company's long-term contracts and new data center sites as growth drivers. Electricity availability constraints are seen as a competitive advantage for WhiteFiber, which has secured grid-connected power. The stock was trading at $38.49 as of June 18th, with a forward P/E of 3,330 according to Yahoo Finance, and 17 hedge funds held the stock at the end of the first quarter, up from 9 in the previous quarter.