WhiteFiber [WYFI]
As of: 2026-07-29 · Framework: v1.5.1 / criteria.md 2026-07-29 · Type: MEASURED — dated events that would confirm or refute the implied path. Consumed by monitoring; blocks nothing.
Every date below is either taken from a filing or explicitly marked as an inference from filing history. Per the brief: a fabricated catalyst date is worse than an absent calendar. Nothing here is invented.
| Date | Event | Source | Why it matters |
|---|---|---|---|
| November 2025 | Nscale Services Agreement executed — initial Service Order ≈$865m over 10 years, escalators + NRCs, power passed through | 10-Q Q1 2026 | already occurred. 94% of RPO. The entire thesis |
| 2025-08-04 | Enovum NC-1 Bidco assumed Unifi Manufacturing's Duke Energy Carolinas electric service agreements; Duke consented | 10-Q Q1 2026 | already occurred. Secures NC-1's power |
| Q2 2026 (company-stated) | Nscale billing commences, subject to completion of construction and commissioning | 10-Q Q1 2026, verbatim | the single most important dated event in this cluster. The first observable increment |
| Q3 2026 (company-stated) | "Full revenue contribution from this agreement to begin" as the facility reaches contractual capacity | 10-Q Q1 2026, verbatim | the confirming print. ~$90m/year of contracted revenue against $84.3m of TTM revenue |
| ~mid-August 2026 (estimated from the 2025-09-17 and 2025-11-13 prior-year filing dates; NOT company-confirmed) | Q2 2026 10-Q | filing cadence | first sight of Nscale billing, and whether revenue recovers from the −7.0% sequential quarter |
| 2027 | $90,691,316 of RPO scheduled | 10-Q Q1 2026, RPO schedule | contractual, audited |
| 2028 | $91,839,412 of RPO scheduled | same | |
| 2029 | $93,509,250 of RPO scheduled | same | |
| 2030 | $93,527,854 of RPO scheduled | same | |
| Post-2030 | $502,833,948 of RPO scheduled | same | the 10-year tail |
| 2026 remainder | $51,342,750 of RPO scheduled | same | ~$17m/quarter for the balance of 2026 |
| 2027–2029 | CAD 115m delayed-draw term loan initial 2-year term expires, extendable to four | 10-Q Q1 2026 | refinancing point |
WYFI has the only genuinely dated, audited forward revenue schedule in this cluster. Every figure in the RPO rows above is taken directly from the 10-Q's remaining-performance-obligation table — not modelled, not inferred, not a management "pipeline" number. That is the difference between WYFI's disclosure and HIVE's $35m ARR claim.
No bitcoin halving row appears here because WYFI has no mining exposure. It is one of two names in the cluster for which the 2028 halving is simply irrelevant.
| Date | Event | Why it matters to WYFI |
|---|---|---|
| 2028 (protocol-determined) | Bitcoin halving | halves the block reward on the mining leg. Not a forecast — it is in the protocol |
| continuous | Global network hashrate / difficulty | IREN's 10-Q quantifies the mechanism: its own hashrate rose to 36.0 EH/s and it still mined fewer bitcoin, because implied global hashrate rose faster. The denominator always grows |
| 2026-12-31 | CORZ's hosted-mining operations conclude | removes a competitor's hosted capacity from the market |
| Q3 2026 | WYFI's $865m Nscale contract reaches full revenue contribution | the cluster's cleanest read on realised contracted AI economics — a live benchmark for every claimed pipeline |