WhiteFiber, Inc. announced the closing of its upsized initial public offering on August 8, 2025. The company sold 9,375,000 ordinary shares at a public offering price of $17.00 per share, generating aggregate gross proceeds of $159.4 million. This capital infusion is critical for WhiteFiber's ongoing and planned infrastructure developments.
In connection with this offering, WhiteFiber was carved out of Bit Digital, Inc. and began operating as a separate public company. This strategic separation allows WhiteFiber to focus entirely on its core business of providing AI infrastructure solutions. Bit Digital retained a 74.3% ownership stake in WhiteFiber following the IPO.
The successful completion of the IPO and the transition to an independent public company provides WhiteFiber with enhanced visibility and direct access to capital markets. This financial flexibility is essential for managing its capital-intensive expansion roadmap, including new data center projects. The company is now better positioned to capture demand in the rapidly growing AI infrastructure market.
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