WhiteFiber indicated to open at $25.50, IPO priced at $17 per share

WhiteFiber (WYFI) priced 9.375M shares at $17.00. The deal size was raised to 9.375M from 7.81M and the deal priced at the high end of its $15.00-$17.00 range. B. Riley, Needham, Macquarie and Roth Capital acted as joint book running managers for the offering. WhiteFiber is the artificial intelligence infrastructure subsidiary of crypto treasury firm Bit Digital (BTBT). In the prospectus filed with the SEC related the offering, the company stated: “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.”