Nscale colocation contract
Company: WhiteFiber - Project: NC-1
What the later record shows
Delivered late
The roughly $865M, 10-year Nscale contract stands unchanged. Billing for the 40 MW phase did not start by June 2026 and had commenced by the August 12 call, after the target.
“Management expects to begin delivering capacity to Nscale during the third quarter and for NC-1 to start generating revenues 30 days after completion.”
2026-08-11 · WhiteFiber 10-Q filed 2026-08-12 View cached copy (2026-08-31)Live source ↗
“WhiteFiber's NC-1 has begun billing under a 10-year Nscale deal covering 40 MW and nearly $865M.”
2026-09-30 · WYFI Stock Rallies 56% in 6 Months: Here's What You Should Know - Zacks Investment Research View cached copy (2026-10-01)Live source ↗Archive.org ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Services Agreement with Nscale representing approximately $865 million in total contracted revenue over 10-year term; 40 MW phase billing expected June 2026
Source (primary)
WhiteFiber 10-K filed 2026-03-26 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The initial Service Order pursuant to the Services Agreement represents approximately $865 million in total contracted revenue over a 10-year term, inclusive of contractual annual rate escalators...Billing for the 40 MW phase is expected to commence in June 2026”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 10-K says the initial Nscale Service Order represents about $865 million over a 10-year term and that billing for the 40 MW phase is expected to start in June 2026.
Confirmed in the source:
- WhiteFiber's Services Agreement is with Nscale
- The initial Service Order represents approximately $865 million in total contracted revenue
- The contracted revenue is over a 10-year term
- Billing for the 40 MW phase is expected to commence in June 2026
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: “The initial Service Order pursuant to the Services Agreement represents approximately $865 million in total contracted revenue over a 10-year term, inclusive of contractual annual rate escalators...Billing for the 40 MW phase is expected to commence in June 2026”
confirms WhiteFiber 10-Q filed 2026-08-12
Quote: “Management expects to begin delivering capacity to Nscale during the third quarter and for NC-1 to start generating revenues 30 days after completion.”
confirms WYFI Stock Rallies 56% in 6 Months: Here's What You Should Know - Zacks Investment Research
Quote: “WhiteFiber's NC-1 has begun billing under a 10-year Nscale deal covering 40 MW and nearly $865M.”