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Nakamoto vs WhiteFiber: NAKA and WYFI compared
Nakamoto is the larger company: $35.9M of revenue in its latest quarter (Q2 2026) against $28.8M for WhiteFiber (Q2 2026). Nakamoto is growing faster (88× against +54% a year earlier). WhiteFiber is more profitable, with an operating margin of -32.1% against -415.6%.
Where the money goes: NAKA and WYFI
Nakamoto (NAKA) · Q2 2026
Nakamoto, Q2 2026: revenue $35.9M (88× year over year), operating margin -415.6%, net loss $133M, operating cash flow −$3.3M. The chart follows the revenue to costs, profit and cash.
WhiteFiber (WYFI) · Q2 2026
WhiteFiber, Q2 2026: revenue $28.8M (+54% year over year), operating margin -32.1%, net loss $15.0M, operating cash flow $85.9M. The chart follows the revenue to costs, profit and cash.
| Nakamoto (NAKA) | WhiteFiber (WYFI) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $35.9M | $28.8M |
| Revenue growth, Y/Y | 88× | +54% |
| Operating margin | -415.6% | -32.1% |
| Net earnings | −$133M | −$15.0M |
| Net margin | -370.8% | -51.9% |
| Operating cash flow | −$3.3M | $85.9M |
Where the revenue comes from
WhiteFiber
- Cloud services: $23.8M (83%)
- Colocation services: $4.7M (16%)
- Other: $307K (1%)
Questions
Which is bigger, Nakamoto or WhiteFiber?
Nakamoto is the larger company: $35.9M of revenue in its latest quarter (Q2 2026) against $28.8M for WhiteFiber (Q2 2026).
Is Nakamoto or WhiteFiber growing faster?
Nakamoto is growing faster (88× against +54% a year earlier).
Which is more profitable, Nakamoto or WhiteFiber?
WhiteFiber is more profitable, with an operating margin of -32.1% against -415.6%.
More: Nakamoto earnings · how Nakamoto makes money · WhiteFiber earnings · how WhiteFiber makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 13, 2026; 10-Q filed Aug 12, 2026). Fiscal quarters can end on different dates. Not investment advice.