First of all, congratulations to Michael and the entire @WhiteFiber_ team. They have officially launched Project Redwood under its commercial name, WhiteFiber Continuum, delivering 136 TB per second of aggregate bandwidth and 0.9 milliseconds of round-trip latency across 83 kilometres. These are very impressive specifications. We spoke with management about WhiteFiber’s strategy and build-out, and I want to explain the potential impact of this solution on the addressable supply of AI-ready power. I recently shared that Anthropic and OpenAI are reportedly exploring smaller 20–30 MW deployments alongside their multi-hundred-megawatt and gigawatt campuses. We know that all these players are trying to bring compute online as quickly as possible, while not every workload needs to run at one physical location. There are naturally far more industrial sites with smaller power connections than locations offering hundreds of megawatts, or even a gigawatt, in one place. The market for acquiring buildings with these smaller connections is therefore much larger. With Continuum, WhiteFiber has, in my opinion, designed a smart solution for connecting these separate blocks and making them operate as one logical GPU environment. With 0.9 milliseconds of round-trip latency, multiple 20 MW locations could potentially be connected into a much larger logical cluster. This could be an important step in a fragmented market of smaller locations, and it fits WhiteFiber’s wider strategy perfectly: • Retrofit smaller industrial locations faster • Expand through partner facilities, with Krambu as the first announced example • Bring the cluster design, customers and operating expertise • Connect owned and partner sites through Continuum • Monetize capacity without needing to own every building itself In my opinion, this creates a very fast time-to-power model. It also gives WhiteFiber the option to connect partner locations instead of only using each site on a standalone basis. It connects WhiteFiber’s retrofit strategy, partner network, cloud platform and managed-services ambitions into one broader infrastructure model. I think its current strategy aligns very well with what the market needs today, especially with long development lead times and growing community pushback against enormous data-center campuses. I will be following this closely. You can read the call with $WYFI management in comments👇 recommend it.

WhiteFiber Management Call: The Focus on Strategy and Execution This week, as promised, we are releasing our full @WhiteFiber_ management call analysis for everyone to read. We had a very constructive conversation with Michael Francisco, Vice President of Cloud Services, and Cameron Schnier, Senior Vice President of Capital Markets and Corporate Strategy. I know the WhiteFiber retail community has been highly anticipating this one. $WYFI We went into the call wanting to understand how the different parts of WhiteFiber fit together and what kind of company management is actually trying to build over the long term. We also wanted to discuss the broader market and what is currently happening across the data center space. This gives us an even deeper understanding of companies we have already followed for a long time, including Nebius and IREN. We discussed everything from the strategy behind NC1, NC2 and NC3 to colocation, financing, WhiteFiber’s efforts in cloud and managed services, the Token Factory it is building, and the partnerships management wants to use to scale faster. This call gave us much more than an update on individual projects. It gave us a clearer view of the model management is building. In short: own selected strategic sites, create stable colocation income, selectively deploy cloud capacity, and scale beyond the company’s own balance sheet through managed services and partner locations. This was a good conversation to pick management’s brain about WhiteFiber’s strategy, while also testing our own view of where neoclouds and the broader AI infrastructure market are heading against Whitefibers model. A very good conversation and, in my opinion, a highly complete write-up for anyone who wants to understand what WhiteFiber is trying to build looked trough my strategic lens. 17 pages of company insights! Enjoy! Link in comments 👇 $WYFI $NBIS $IREN $CRWV

WhiteFiber: two new AAIG deep dives are now live. We have followed (and invested) in the neocloud and AI infrastructure market for some time, including companies such as $NBIS and $IREN , but also across the stack with Celestica. That wider perspective that we have and continue to strenghten made this call valuable beyond $WYFI itself: management’s commentary also gave us a clearer view of where customer demand is moving and how the broader market is developing. 01 | MANAGEMENT CALL + STRATEGIC ANALYSIS 17 pages of our complete WhiteFiber management-call write-up, combined with our analysis of management’s commentary and the company’s positioning. We cover WhiteFiber’s capital strategy, the Token Factory, its growing partner model, Project Redwood and how these different parts could fit together over the longer term. 02 | INSIDE NC1: AN DC ENGINEER’S REVIEW WhiteFiber also recently released new footage from NC1. Our data center engineer reviewed the video step by step, examining what the footage reveals about the liquid-cooling system, power infrastructure, rack deployment and overall progress of the build. So all angles✍️ Both articles are now available to AAIG members. Link in bio!