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WhiteFiber raised $159.4 million in its US IPO, with a valuation of $619 million.
According to news from Hash World, WhiteFiber Inc. raised $159.4 million in its US IPO, with an issue price set at $17 per share, reaching the upper limit of the range, and the company is valued at $619 million. WhiteFiber is a subsidiary of Bit Digital Inc., primarily engaged in high-performance computing data centers and cloud GPU services, with clients including AI and machine learning developers. The prospectus shows that WhiteFiber's net profit for the first quarter of this year was $1.4 million, with revenue of $16.8 million. After the IPO, Bit Digital will hold approximately 77.6% of the shares, with the stock code WYFI.
#Bit_Digital #IPO NASDAQ #CloudComputing AI