Whitefiber Inc's Business Segments

WhiteFiber, Inc. is a holding company for Bit Digital's high-performance computing (HPC) business, incorporated as a Cayman Islands exempted company on August 15, 2024. It was previously a wholly-owned subsidiary of Bit Digital prior to its initial public offering. WhiteFiber AI, Inc., incorporated in Delaware on October 19, 2023, provides cloud services for AI applications through its wholly-owned subsidiaries. WhiteFiber Canada, Inc., a wholly-owned Canadian subsidiary of WhiteFiber AI, was incorporated on March 11, 2025. WhiteFiber Iceland ehf, a wholly-owned Icelandic subsidiary of WhiteFiber AI, was incorporated on August 17, 2023, and is classified as a controlled foreign corporation for U.S. federal income tax purposes. The company operates in the United States, Canada, and Iceland, focusing on HPC and cloud services for AI applications. It faces risks including supply chain disruptions, customer concentration, regulatory challenges related to AI and data privacy, and market volatility in power supply and GPU availability. Management has issued forward-looking statements regarding strategy, growth, and market potential, while acknowledging uncertainties and risks that could materially affect actual results.

Operating segments are components of an entity for which discrete financial information is available and regularly reviewed by the Chief Operating Decision Maker (CODM) to allocate resources and assess performance. The CODM consists of the Chief Executive Officer and Chief Financial Officer, who use segment gross profit (loss) to evaluate the performance of reportable operating segments. Asset information is not utilized by the CODM for performance evaluation or resource allocation.