AI Infrastructure Firm Whitefiber Seeks $132.8 Million in IPO
Whitefiber Inc., an artificial intelligence infrastructure subsidiary of crypto treasury firm Bit Digital Inc., is seeking to raise as much as $132.8 million in an initial public offering (IPO).
The New York-based company plans to market 7.8 million shares at a price range of $15 to $17 each, according to its filing Tuesday with the U.S. Securities and Exchange Commission (SEC).
Whitefiber operates within the AI infrastructure sector, leveraging its connection to Bit Digital Inc., a firm known for its crypto treasury management. This IPO move marks a significant step for Whitefiber as it aims to expand its footprint in the rapidly growing AI and blockchain technology markets.
The offering will provide Whitefiber with capital to further develop its AI infrastructure capabilities and support its growth strategy in the competitive technology landscape.
Investors and market watchers will be closely monitoring the IPO as it reflects the increasing intersection of artificial intelligence and cryptocurrency sectors.
For more detailed information, the official SEC filing can be accessed
here.
Source: Originally published at Bloomberg on July 29, 2025.
Frequently Asked Questions (FAQ)
IPO and Company Information
Q: What is Whitefiber Inc.?
A: Whitefiber Inc. is an artificial intelligence infrastructure firm that is a subsidiary of Bit Digital Inc., a crypto treasury management company.
Q: How much money is Whitefiber Inc. seeking in its IPO?
A: Whitefiber Inc. is seeking to raise as much as $132.8 million in its IPO.
Q: What is the price range for Whitefiber's shares in the IPO?
A: The company plans to market shares at a price range of $15 to $17 each.
Q: How many shares is Whitefiber Inc. offering in its IPO?
A: Whitefiber Inc. plans to offer 7.8 million shares.
Q: What is the purpose of this IPO for Whitefiber Inc.?
A: The IPO will provide Whitefiber with capital to further develop its AI infrastructure capabilities and support its growth strategy in the technology sector.
Q: What sector does Whitefiber operate in?
A: Whitefiber operates within the AI infrastructure sector.
Q: What is the relationship between Whitefiber and Bit Digital Inc.?
A: Whitefiber is a subsidiary of Bit Digital Inc.
Crypto Market AI's Take
The IPO of Whitefiber Inc. signifies a growing trend of traditional finance and emerging technology sectors converging. As AI continues to integrate into various industries, its infrastructure becomes crucial. Companies specializing in AI infrastructure, especially those with ties to the burgeoning crypto market, are attracting significant investor interest. This development aligns with our platform's focus on the intersection of AI and cryptocurrency, where we explore how advancements in AI are shaping trading strategies, market analysis, and the overall financial landscape. Understanding these infrastructure plays is key to grasping the future of both AI development and digital asset markets.
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