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WhiteFiber Inc. filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of ordinary shares, according to a company statement.
The company has not determined the number of shares to be offered or the price range for the proposed offering. WhiteFiber intends to list its ordinary shares on The Nasdaq Capital Market under the symbol "WYFI."
B. Riley Securities and Needham & Company are serving as joint-bookrunning managers for the proposed offering. The IPO remains subject to market conditions and completion of the SEC’s review process.
WhiteFiber operates as a provider of artificial intelligence infrastructure solutions, owning high-performance computing data centers and providing cloud services to customers. The company describes its business model as vertically integrated, combining specialized colocation, hosting, and cloud services for generative AI workloads.
The company will be carved out of Bit Digital, Inc. (BTBT) and will operate as a separate public company upon completion of the offering.
The registration statement has been filed with the SEC but has not yet become effective. Securities cannot be sold until the registration statement becomes effective.