Bit Digital's AI infrastructure company Whitefiber seeks to raise $132.8 million in IPO

Whitefiber Inc., the artificial intelligence infrastructure subsidiary of crypto asset management company Bit Digital Inc., is seeking to raise $132.8 million through an initial public offering (IPO). According to documents filed with the U.S. Securities and Exchange Commission on Tuesday, the company plans to offer 7.8 million shares at a price between $15 and $17 per share. If priced at the top end of the range, Whitefiber's market capitalization would reach $592.6 million. The IPO price is expected to be determined during the week of August 4. (Bloomberg)