Bitari Inc. filed an S-1 registration statement with the SEC on August 21, 2026, seeking to raise $30 million through an initial public offering on the Nasdaq Global Market under the ticker BIAI. The offering covers 4,285,715 common shares priced at $7 each, with the prospectus table showing new investors providing 99.8% of total consideration for 10% of the post-offering shares while existing stockholders retain 90% ownership after contributing $45,000. Net proceeds are estimated at $26.95 million before over-allotment, with 40% or about $10.78 million allocated to strategic acquisitions and investments, 30% for global market expansion and brand development, 15% for new mining operations and infrastructure, 10% for research and development, and 5% for general corporate purposes. Bitari operates Bitcoin mining infrastructure, including sites in Wheeler, Texas, and is developing an AI data center joint venture with Aleria Technology LLC that could have up to 1,300 MW capacity. AI Power X Inc. is expected to retain about 85.87% of voting power after the IPO, making Bitari a controlled company. For the nine months ended April 30, 2026, revenue was $8.37 million compared with $8.59 million a year earlier, while net income fell to $183,905 from $990,960.