WhiteFiber files for 7.81M share IPO, sees pricing at $15-$17 per share

WhiteFiber (WYFI), the artificial intelligence infrastructure subsidiary of crypto treasury firm Bit Digital (BTBT), filed to offer 7,812,500 ordinary shares and said it expects the initial public offering price per share to be in the range of $15.00 to $17.00 per share. The company has applied to list its ordinary shares on the Nasdaq Capital Market under the symbol “WYFI.” The prospectus filed with the SEC states: “We believe we are a leading provider of artificial intelligence infrastructure solutions. We own high-performance computing data centers and provide cloud-based HPC graphics processing units services, which we term cloud services, for customers such as AI application and machine learning developers. Our Tier-3 data centers provide hosting and colocation services. Our cloud services support generative AI workstreams, especially training and inference. In connection with this offering, we are being carved out of Bit Digital, Inc. and will operate as a separate public company upon the completion of this offering.”