WhiteFiber Shares Rise as Company Signs Computing Infrastructure Contract Valued at More Than $160M

Dow Jones05-22

By Christopher Kuo

WhiteFiber shares advanced after the company signed a five-year agreement valued at more than $160 million to provide artificial intelligence compute infrastructure for a technology customer.

Shares of the AI infrastructure and computing company rose 9% in after-hours trading Thursday to $32.21. The company's shares closed up 22% to $29.55 on Thursday and are up 87% year to date.

WhiteFiber's deployment of computing infrastructure for the investment-grade technology customer will occur in the Paris region and will use advanced Nvidia Gpu systems, the company said. It expects to begin service in July.

As part of the deployment, the company entered a binding term sheet for project-level financing, which is expected to close in June, the company said.

"We continue to see strong demand for AI compute infrastructure from enterprise customers globally," said Chief Executive Sam Tabar.

Write to Christopher Kuo at chris.kuo@wsj.com

(END) Dow Jones Newswires

May 21, 2026 18:03 ET (22:03 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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