Contract Ledger

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.

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.

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.

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 $865M TCV

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.

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

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

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.

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

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