WhiteFiber (WYFI) Files for Proposed IPO

WhiteFiber (NASDAQ: WYFI) has filed for a proposed IPO.

The company describes itself as: "We believe we are a leading provider of artificial intelligence (“AI”) infrastructure solutions. We own high-performance computing (“HPC”) data centers and provide cloud-based HPC graphics processing units (“GPU”) services, which we term cloud services, for customers such as AI application and machine learning (“ML”) developers (the “HPC Business”). Our Tier-3 data centers provide hosting and colocation services. Our cloud services support generative AI workstreams, especially training and inference. In connection with this offering, we are being carved out of Bit Digital, Inc. and will operate as a separate public company upon the completion of this offering."

B. Riles and Needham will serve as underwriters.

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