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WhiteFiber Inc. announced the pricing of its upsized initial public offering of 9,375,000 ordinary shares at $17.00 per share. The AI infrastructure solutions provider has granted underwriters a 30-day option to purchase up to an additional 1,406,250 ordinary shares at the IPO price, less underwriting discounts and commissions.
The ordinary shares are expected to begin trading on The Nasdaq Capital Market on August 7, 2025 under the ticker symbol NASDAQ: WYFI. The offering is expected to close on August 8, 2025, subject to customary closing conditions.
B. Riley Securities and Needham & Company are serving as joint book-running managers for the offering. Macquarie Capital is acting as a book-runner, while Roth Capital Partners serves as lead manager. Craig-Hallum and Clear Street are co-managers.
WhiteFiber operates high-performance computing data centers and provides cloud services to customers. The company describes its business model as vertically integrated, combining colocation, hosting, and cloud services for generative AI workloads. WhiteFiber is being carved out of Bit Digital Inc. and will operate as a separate public company upon completion of the offering.
The Securities and Exchange Commission declared the registration statement for the securities effective on August 6, 2025. The offering is being conducted solely through a prospectus, with copies available from the underwriters upon request.