Bit Digital’s AI Infrastructure Subsidiary Whitefiber Seeks $132.8 Million in IPO Funding
According to ChainCatcher, citing Bloomberg, Whitefiber Inc., the AI infrastructure subsidiary of crypto asset management firm Bit Digital Inc., is seeking to raise $132.8 million through an initial public offering (IPO).
According to documents filed with the U.S. SEC on Tuesday, the company plans to issue 7.8 million shares at a price range of $15 to $17 per share. If priced at the upper 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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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