WhiteFiber completes $159.4 million IPO, begins trading on Nasdaq

WhiteFiber Inc. (NASDAQ: WYFI) completed its initial public offering of 9,375,000 ordinary shares at $17.00 per share, the company announced. The shares began trading on The Nasdaq Capital Market on August 7, 2025.

The artificial intelligence infrastructure solutions provider received gross proceeds of $159.4 million before deducting underwriting discounts, commissions and offering expenses. WhiteFiber also granted underwriters a 30-day option to purchase up to an additional 1,406,250 ordinary shares at the offering price, less underwriting discounts and commissions.

B. Riley Securities and Needham & Company served as joint book-running managers for the offering. Macquarie Capital also acted as a book-runner, while Roth Capital Partners served as lead manager. Craig-Hallum and Clear Street acted as co-managers.

The Securities and Exchange Commission declared the registration statement effective on August 6, 2025.

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 was carved out of Bit Digital Inc. and operates as a separate public company following the offering completion.

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