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Initial Customer GPU services agreement

Company: WhiteFiber

Subject kind
customer
Statement date
2026-03-25
Promised amount
50.0 USD
Current status
stated

The claim, verbatim

WhiteFiber finalized Master Services and Lease Agreement with Initial Customer on December 12, 2023 for 2,048 GPUs over three years with estimated total contract value of more than $50 million of annualized revenue

Source (primary)

WhiteFiber 10-K filed 2026-03-26 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “On December 12, 2023, we finalized a Master Services and Lease Agreement ("MSA"), as amended, with our Initial Customer for the provision of cloud services from a total of 2,048 GPUs over a three-year period. The total contract value with the Initial Customer for the aggregated 2,048 GPUs was estimated to be worth more than $50 million of annualized revenue.”

How we checked this

Checked on September 15, 2026. The cited source supports every part of this claim.

The filing describes the December 12, 2023 agreement with the Initial Customer for 2,048 GPUs over three years, with an estimated value of more than $50 million of annualized revenue.

Confirmed in the source:

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/2042022/000121390026034341/ea0278305-10k_white.htm) in full (600,249 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms WhiteFiber 10-K filed 2026-03-26

Quote: “On December 12, 2023, we finalized a Master Services and Lease Agreement ("MSA"), as amended, with our Initial Customer for the provision of cloud services from a total of 2,048 GPUs over a three-year period. The total contract value with the Initial Customer for the aggregated 2,048 GPUs was estimated to be worth more than $50 million of annualized revenue.”

View cached copy (2026-08-31)Live source ↗

Record of changes

September 1, 2026 — statedlater found incorrect
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
September 2, 2026 — withdrawnlater found incorrect
Evidence review against the cited source. The source document is a Bit Digital SEC filing that does not mention WhiteFiber; all substantive facts (date, GPU count, duration, contract value) match, but the company attribution differs.
September 2, 2026 — stated
Correction after re-verification. Re-verification found the cited source does support this claim. The earlier withdrawal was made in error and has been reversed. Both sentences appear verbatim in the 10-K and fully support the claim, but the attributed quote silently splices them together, omitting an intervening sentence about the sale-leaseback financing.