AI cloud firm WhiteFiber has secured a new customer and is expanding into mainland Europe.

The Nasdaq-listed firm has announced a five-year, $160 million deal to provide AI compute infrastructure for an unnamed investment-grade technology customer.

Expected to start in July 2026, the Nvidia GPU-powered compute will be located in the Paris region. WhiteFiber has secured third-party data center capacity to support the deployment. Further details on the deployment weren’t shared.

“We continue to see strong demand for AI compute infrastructure from enterprise customers globally," said Sam Tabar, CEO of WhiteFiber. "This agreement reflects our ability to originate large-scale AI compute deployments with long-duration, investment-grade customer commitments and capital-efficient financing structures. It also expands our cloud footprint into Europe and reinforces that demand for high-performance AI infrastructure is global."

In connection with the deployment, WhiteFiber has entered into a binding term sheet for project-level financing, which is expected to close in June 2026.

The project is expected to be supported by customer prepayments, including 12 months of advance service fees, and project-level financing, with limited long-term reliance on the company’s corporate balance sheet and existing cash resources.

WhiteFiber was founded in 2024 by Bitcoin mining company Bit Digital, which also owns Canadian colocation provider Enovum. WhiteFiber offers capacity in Canada out of Enovum facilities and has been developing a large facility in North Carolina. Bit Digital took WhiteFiber public last year.

Cerebras, Nscale, and Modal Labs are known customers of the group, the latter through Hyperbolic.

WhiteFiber also operates out of a third-party facility in Blönduós, Iceland, and is leasing capacity in Atlanta, Georgia.