AI Data Center Firm WhiteFiber Raises $159.4 Million in IPO (1)

WhiteFiber Inc., an artificial intelligence infrastructure firm, raised $159.4 million in an initial public offering, pricing its shares at the top of a marketed range.

The subsidiary of crypto treasury firm Bit Digital Inc. sold 9.4 million shares Wednesday for $17 each after marketing them for $15 to $17, according to a statement confirming an earlier Bloomberg News report.

The pricing gives WhiteFiber a market value of $619 million based on the outstanding shares listed in its filings with the US Securities and Exchange Commission.

WhiteFiber owns high-performance computing data centers and provides cloud-based HPC graphics processing unit services, ...