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S&P 500 (SPY) $748.62 +0.88% Nasdaq-100 (QQQ) $708.90 +1.85% Dow (DIA) $522.55 +0.89% Russell 2000 (IWM) $295.82 +1.20% 10-Year Treasury (IEF) $93.32 −0.23% Crude Oil (USO) $128.37 +2.28% Gold (GLD) $373.85 +1.70% US Dollar Index (UUP) $28.45 +0.23% Volatility (VXX) $21.29 −3.77% Semiconductors (SMH) $583.24 +4.37% Silver (SLV) $53.36 +4.67% Emerging Markets (EEM) $65.45 +2.97% Bitcoin (BTC) $66,470.13 +1.90% Ethereum (ETH) $1,922.88 +1.00% S&P 500 (SPY) $748.62 +0.88% Nasdaq-100 (QQQ) $708.90 +1.85% Dow (DIA) $522.55 +0.89% Russell 2000 (IWM) $295.82 +1.20% 10-Year Treasury (IEF) $93.32 −0.23% Crude Oil (USO) $128.37 +2.28% Gold (GLD) $373.85 +1.70% US Dollar Index (UUP) $28.45 +0.23% Volatility (VXX) $21.29 −3.77% Semiconductors (SMH) $583.24 +4.37% Silver (SLV) $53.36 +4.67% Emerging Markets (EEM) $65.45 +2.97% Bitcoin (BTC) $66,470.13 +1.90% Ethereum (ETH) $1,922.88 +1.00%
AEACapital Research

Independent student research — not an investment firm or financial advice

Competitive Comparison

WhiteFiber vs. Equinix

The small, early-stage AI-infrastructure holding I own against the large, established data-center REIT I don't — the same physical-infrastructure theme, very different maturity.

MetricWhiteFiber (WYFI)Equinix (EQIX)
EV/EBITDA5.3x FY26 (vs. peers 20x+)30.09x
Adj. EBITDA$3.0M (Q1 FY26)$5.165–5.245B (FY26 guidance, 51% margin)
PEG ratioN/A (negative earnings)4.09

EV/EBITDA, compared

WYFI
5.30x
EQIX
30.09x

Same EV/EBITDA figures as the table above, plotted for a direct read. Bold = held in this book.

Market cap, P/E, PEG, EV/EBITDA, and capex sourced via public filings and financial-data aggregators (GuruFocus, StockAnalysis, company earnings releases), as of July 2026. PEG ratio sourced primarily from GuruFocus where available; different providers use different growth-rate assumptions, so figures elsewhere for the same stock can vary by several multiples. Gold-highlighted column(s) indicate the name(s) actually held in this book.

Why WhiteFiber, sized small, not Equinix

Equinix is a large, established, highly profitable data-center REIT with a 51% adjusted EBITDA margin — a fundamentally safer, more proven business than WhiteFiber by every measure here. I hold WhiteFiber specifically because it's a small, early, deliberately speculative bet that AI compute demand keeps outstripping available data-center supply, at a valuation (5.3x FY26 EV/EBITDA against peers above 20x) that prices in almost none of that potential yet. Equinix's own 30.09x EV/EBITDA reflects the market already crediting it as a proven winner — the trade-off is real: I'm accepting WhiteFiber's much higher execution risk for a valuation that hasn't caught up to the story, rather than paying up for Equinix's already-earned premium.