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

Whitefiber Inc., the artificial intelligence infrastructure subsidiary of crypto asset manager Bit Digital Inc., is seeking to raise up to $132.8 million in an initial public offering (IPO). According to a filing 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. Based on the outstanding shares listed in the prospectus, pricing at the top end of the range would give Whitefiber a market capitalization of $592.6 million. The company expects to set the IPO price during the week of August 4.