WhiteFiber, Inc. completed the acquisition of Enovum Data Centers Corp. in October 2024. Enovum, a Montreal-based owner, operator, and developer of high-performance computing data centers, brought a strong diversity of existing and prospective colocation customers to WhiteFiber. This acquisition was a pivotal moment for the company, enabling it to offer an integrated GPU cloud solution.
The acquisition provided WhiteFiber with a pipeline of expansion sites and an experienced management team, enhancing its competitive standing in the AI infrastructure market. This strategic move allowed WhiteFiber to capture additional margin from HPC customers and offered greater operating flexibility. The integration of Enovum's assets and expertise is expected to bolster WhiteFiber's vertically integrated model.
Colocation services, a new revenue stream following this acquisition, contributed $1.73 million to WhiteFiber's total revenue for the three months ended June 30, 2025. This demonstrates the immediate financial impact and strategic importance of the Enovum acquisition. The deal solidified WhiteFiber's position as a comprehensive provider of AI infrastructure solutions.
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