Income Taxes |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income Taxes [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| INCOME TAXES | 14. INCOME TAXES
The following table provides details of income taxes:
The effective tax rate was 4.8% and (5.3)% for the three months ended June 30, 2026 and 2025, respectively, and (1.3)% and (16.3)% for the six months ended June 30, 2026 and 2025, respectively. The lower effective tax rates for the six-month period primarily due to geographic mix earning impacts and Net CFC Tested Income or NCTI (a.k.a GILTI) impact. As of June 30, 2026, WhiteFiber Inc and its subsidiaries were not able to benefit from current year foreign losses before taxes due to a valuation allowance recorded against deferred tax assets in certain foreign jurisdictions. |
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