Bit Digital's AI Infrastructure Subsidiary Whitefiber Seeks to Raise $132.8 Million Through IPO

BlockBeats News, July 29th, U.S. listed company Bit Digital's (BTBT) artificial intelligence infrastructure subsidiary, Whitefiber Inc., is seeking to raise up to $132.8 million through an initial public offering (IPO). The company plans to issue 7.8 million shares of stock at a price of $15 to $17 per share and is expected to determine the IPO pricing during the week of August 4th. Whitefiber was spun off from Bit Digital and owns high-performance computing data centers, providing cloud-based High Performance Computing (HPC) Graphics Processing Unit (GPU) services. The company offers cloud services for applications in artificial intelligence and machine learning development.