Bit Digital's AI infrastructure subsidiary Whitefiber seeks to raise $132.8 million through an IPO.

On July 29, Bit Digital (BTBT), a company listed on the U.S. stock market, announced that its artificial intelligence infrastructure subsidiary Whitefiber Inc. is seeking to raise up to $132.8 million through an IPO, planning to issue 7.8 million shares at a price of $15 to $17 per share, with the IPO pricing expected to be determined in the week of August 4. Whitefiber was spun off from Bit Digital and possesses high-performance computing data centers, offering cloud-based HPC GPU ( services. The company provides cloud services to customers such as developers of artificial intelligence applications and machine learning.