WhiteFiber

Dec 2025 Nscale anchor contract 40 MW IT load / ~$865M TCV ... Anchored by a 10-year, 40 MW IT load agreement with Nscale, with expansion potential beyond the initial deployment.

Extension: Expansion potential beyond the initial deployment.

Since its last earnings call, WhiteFiber has also signed new multi-year Cloud Services agreements representing more than $540 million of aggregate contract value over their initial terms.

Initial billing has commenced at NC-1, with full contracted run-rate billing across 40 megawatts of contracted IT load expected later this month.

MTL-3 7 Gross MW Capacity: 100% Operational Customer: Cerebras Systems IT Load: 5 MW Term: 5 years ... In March 2025, Cerebras selected WhiteFiber to design and deliver a Tier III-compliant retrofit data center on an aggressive timeline.

Paris Region Deployment Investment-grade technology customer >$160M Total Contract Value 5 Yrs Contract Term Jul '26 Service Commences • Advanced NVIDIA GPU systems deployed in France • Supported by customer prepayments and project-level financing

U.S. — OWNED FLEET Hyperbolic / Modal Labs Modal Labs as end customer & reference partner ~$17M Total Contract Value 2 Yrs Contract Term Jun '26 Revenue Begins • Deploys H200 GPUs from WhiteFiber's existing owned fleet

Signed 10-year, 40MW IT load agreement with Nscale representing ~$865M TCV

Extension: Potential expansion toward ~2x initial deployment by end of 2027; Nscale receives priority notification rights for future site capacity.

The agreement represents total contract value in excess of $160 million over the five-year term and is expected to commence service in July 2026, subject to final equipment delivery and acceptance milestones.

Colocation Agreement NC - 1 24 MW 99.0 MW (1) ... Total NC - 1 power capacity of at least 99.0 gross MW within four years with additional expansion capacity potentially available. Initial power availability 24.0 gross MW.

Extension: Total NC-1 power capacity of at least 99.0 gross MW within four years with additional expansion capacity potentially available; initial power availability 24.0 gross MW.

Colocation Agreement $865M TCV

Dec. 2024 MTL - 2 5.0 MW (3) Colocation Agreement ... MTL - 2 5 Gross MW Leased with Purchase Option COD: TBD Capacity: TBD Customer: TBD IT Load: 3 MW Average Term: TBD > Flexibility for pure colocation model or WhiteFiber cloud deployment

MTL - 1 4 Gross MW Fully Owned COD: Jan. 2021 Capacity: 100% contracted Customer: Multiple Customers IT Load: 3 MW Average Term: 2.5 years (1) > MTL - 1’s full capacity is occupied by 14 customers across a variety of end markets Acquired with Enovum

In March 2025, Cerebras selected WhiteFiber to design and deliver a Tier III - compliant retrofit data center on an aggressive timeline. ... MTL - 3 7 Gross MW Fully Owned COD: Operational Q4 2025 Capacity: 100% Operational Customer: Cerebras Systems IT Load: 5 MW Term: 5 years > Cerebras builds computer systems for AI / deep learning applications

Signed 10 - year, 40 MW colocation agreement with Nscale ($865M TCV) ... NC - 1: NSCALE ANCHOR CONTRACT Customer IT Load 40 MW Term 10 Years • Modified gross lease with expense pass - through • Retrofit development enables faster speed to market and lower cost • Initial deployment expected to be operational by mid - 2026 • Nscale receives priority notification rights for future site capacity • Project - level financing expected for 1Q 2026 Total Contract Value (1) $865M

since September 30, 2025, the Company began the process of winding down a customer arrangement that represents approximately $21 million of the Company’s annualized cloud run rate. ... The Company expects the relationship to be concluded through a mutual termination once documentation is finalized.

Installation of wafer-scale systems for Cerebras under a 5 MW IT-load contract was completed in October 2025, and the site is now fully operational and generating revenue.

NC-1 99 Gross MW Capacity: Under LOI (2) Customer: Pending Contract (2) IT Load: 20 MW (2) Expected Average Term: 7 years (2) > LOI is with a private company providing cloud computing for AI companies ... Expecting approximately $230M of revenue for Phase 1 over 7 years (2)

Dec. 2024 MTL-2 5.0 MW Colocation Agreement ... MTL-2 5 Gross MW Capacity: 100% contracted Customer: WhiteFiber Cloud IT Load: 3 MW Average Term: 5 years

Jan. 2025 MTL-3 6.6 MW ... MTL-3 6.6 Gross MW Capacity: 100% contracted Customer: Cerebras Systems IT Load: 5 MW Average Term: 5 years

Per the Duke Energy Capacity Agreement, Duke Energy agreed to commercially reasonable efforts to achieve 99.0 MW by May 2029. Duke Energy has completed the work required to deliver the initial 54 gross MW of utility power to the NC-1 site.

In connection with the deployment, WhiteFiber has entered into a binding term sheet for project-level financing, which is expected to close in June 2026.

WhiteFiber has secured third-party data center capacity in France to support the deployment.

Duke Energy Power Provider ~$0.05 per kWh Energy Cost ... Per the Duke Energy Capacity Agreement, Duke Energy agreed to commercially reasonable efforts to achieve 44.0 MW of service by April 2026, 99.0 MW within four years. Management believes NC - 1 may receive up to 200.0 gross MW of power supply over time subject to infrastructure upgrades and other conditions.

Per the Duke Energy Capacity Agreement, Duke Energy agreed to commercially reasonable efforts to achieve 24.0 MW of service by September 2025, 40.0 MW by April 2026, 99.0 MW within four years.