Bitari files IPO application with Nasdaq, plans to raise $30 million

Odaily News The offering proposes to issue 4,285,715 common shares at a price of $7 per share, with a total expected raise of approximately $30 million. After deducting underwriting and related expenses, the net proceeds are estimated to be around $27 million. Bitari Inc. is responsible for building and operating the physical infrastructure required for Bitcoin mining, with its core facility currently being a 20-megawatt operational mining site in Wheeler, Texas.