B. Riley lowered the firm’s price target on WhiteFiber (WYFI) to $40 from $44 on model changes, while keeping a Buy rating on the shares. The firm notes that on December 18, WhiteFiber announced a 10-year co-location agreement at its NC-1 campus with U.K.-based Nscale. The initial agreement is for 40 MW of critical IT load, representing $865M in total revenue, or about $2M per MW, which is in line with the company’s previous guidance. B.Riley is lowering Q2 2026 EBITDA estimate from $19.5M to $17.9M, and FY26 from $99.5M to $92.7M, which is driven by more conservative Cloud Services assumptions.
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