H.C. Wainwright Reaffirms Buy on WhiteFiber (WYFI) Following Nscale Agreement

WhiteFiber, Inc. (NASDAQ:WYFI) is one of the AI Stocks Making Waves on Wall Street. On December 22, H.C. Wainwright reiterated a “Buy” rating on the stock with a $34.00 price target. The rating affirmation follows the company’s announcement of a major colocation agreement with Nscale, validating its fast-deploy model.

WYFI announced that it secured a premium AI deal with Nscale on December 18. The deal involves a 10-year colocation agreement for 40MW of critical IT load at its NC-1 AI data center campus in Madison, North Carolina.

H.C. Wainwright noted how the agreement, representing an estimated $865M in contracted revenue, was chosen by WhiteFiber after careful consideration. Nscale has a proven track record of “delivering large-scale hyperscaler deployments,” it noted.

“We see the deal validating deliberations in review of competing offers for readily available HPC hosting power before selecting Nscale, a counterparty with a proven track record of delivering large-scale hyperscaler deployments.”

The firm further said that it believes that this new agreement with Nscale will be the beginning of a long-term partnership with a specialized AI infrastructure and cloud services provider.

“The new Nscale agreement forms the foundation of WhiteFiber’s potentially long-term partnership with a specialized AI infrastructure and cloud services provider that serves leading investment-grade technology customers such as Microsoft (MSFT; not rated) and OpenAI…”

WhiteFiber, Inc. (NASDAQ:WYFI) is an AI infrastructure company that designs, develops, and operates data centers and provides artificial intelligence (AI) infrastructure solutions.

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