Whitefiber Inc. is set to finalize its IPO pricing the week of August 4, targeting a substantial valuation of around $592.6 million.
Whitefiber Inc., a subsidiary of Bit Digital focused on AI infrastructure, is seeking to raise up to $132.8 million through an IPO, offering 7.8 million shares at a price range of $15 to $17 each. The final pricing is expected during the week of August 4, potentially valuing the company at approximately $592.6 million. Upon completion, Bit Digital anticipates retaining about 77.6% of Whitefiber's outstanding shares.