AI Infrastructure Firm Whitefiber Seeks $132.8 Million in IPO
Whitefiber Inc., a subsidiary of Bit Digital Inc., is planning an initial public offering (IPO) to raise up to $132.8 million. Whitefiber is an artificial intelligence (AI) infrastructure company that provides services to support AI applications. The company aims to use the proceeds from the IPO to fund research and development, expand its infrastructure, and for general corporate purposes. Whitefiber's IPO filing with the U.S. Securities and Exchange Commission (SEC) indicates that the company's technology is designed to help businesses and organizations leverage AI to improve their operations and decision-making processes. The IPO is expected to provide Whitefiber with the resources it needs to further develop and scale its AI infrastructure offerings, positioning the company to capitalize on the growing demand for AI-powered solutions across various industries.
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