WhiteFiber names new CFO and adds two board members

WhiteFiber, Inc. (NASDAQ: WYFI) announced several leadership changes effective August 1, 2026, including a new chief financial officer and two new board members.

Justin Zhu, age 45, was appointed as the company's CFO, Principal Financial Officer, and Principal Accounting Officer. Zhu previously served as Vice President of Finance at Bit Digital, Inc. and as Senior Vice President of Finance and Chief Accounting Officer at WhiteFiber since the company's initial public offering in August 2025. Before that, he spent six years as a Senior Manager at Ernst & Young US LLP advising Fortune 500 clients. Under his employment agreement, Zhu will receive an annual base salary of $450,000 and a signing bonus of restricted share units valued at $100,000. The agreement runs through July 31, 2028.

Erke Huang resigned as CFO and as a board member, transitioning to Senior Advisor and non-voting board observer. Huang will remain CFO of Bit Digital. His departure did not stem from any disagreement with the company over its operations, policies, or practices.

Sam Tabar, who has served as WhiteFiber's CEO since February 2025, was elected to the board of directors. David Andre resigned from the board and its audit, compensation, and nominating committees, also citing no disagreement with the company.

Michael Rulf, age 55, was elected as an independent director and appointed to the compensation and nominating committees. Rulf currently serves as Chief Solutions Architect at Syntax Systems Ltd. His director agreement provides annual compensation of $150,000. The company also entered into a professional services agreement with Rasterwerk LLC, a firm owned by Rulf.

Separately, the board increased independent director Pruitt Hall's annual compensation from $150,000 to $270,000, effective August 1, 2026.

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