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Bit Digital's AI Infrastructure Subsidiary Whitefiber Seeks to Raise $132.8 Million Through IPO
Summary: According to reports, Bit Digital (BTBT), a US-listed company, is seeking to raise up to $132.8 million through an initial public offering (IPO) by its artificial intelligence infrastructure subsidiary, Whitefiber Inc. The company plans to issue 7.8 million shares at a price of $15 to $17 per share, with the IPO pricing expected to be ...
According to reports, Bit Digital (BTBT), a US-listed company, is seeking to raise up to $132.8 million through an initial public offering (IPO) by its artificial intelligence infrastructure subsidiary, Whitefiber Inc. The company plans to issue 7.8 million shares at a price of $15 to $17 per share, with the IPO pricing expected to be determined during the week of August 4. Whitefiber, spun off from Bit Digital, operates high-performance computing data centers and provides cloud-based High Performance Computing (HPC) Graphics Processing Unit (GPU) services. The company offers cloud services to customers such as artificial intelligence application developers and machine learning developers.
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Link: Bit Digital's AI Infrastructure Subsidiary Whitefiber Seeks to Raise $132.8 Million Through IPO [Copy]
