NEW YORK, July 29, 2025 /PRNewswire/ -- WhiteFiber, Inc. ("WhiteFiber" or the "Company"), today announced the launch of its initial public offering of 7,812,500 ordinary shares. The initial public offering price is expected to be between $15.00 and $17.00 per share. In connection with the proposed offering, WhiteFiber expects to grant the underwriters a 30-day option to purchase up to an additional 1,171,875 ordinary shares at the initial public offering price, less underwriting discounts and commissions.

WhiteFiber has applied to list its ordinary shares on The Nasdaq Capital Market under the symbol "WYFI."

B. Riley Securities and Needham & Company are acting as the joint book-running managers for the proposed offering. Macquarie Capital is also acting as a book-runner for the proposed offering. Roth Capital Partners is acting as lead manager for the proposed offering. Craig-Hallum and Clear Street are acting as co-managers for the proposed offering.

A registration statement relating to these securities has been filed with the SEC but has not yet been declared effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

The proposed offering will be made solely by means of a prospectus. Copies of the preliminary prospectus, when available, may be obtained from: B. Riley Securities, 1300 17^th Street North, Suite 1300, Arlington, VA 22209, Attention: Prospectus Department, by telephone at (703) 312-9580 or by email at prospectuses@brileysecurities.com; or from: Needham & Company, LLC, 250 Park Avenue, 10th Floor, New York, NY 10177, Attn: Prospectus Department, prospectus@needhamco.com or by telephone at (800) 903-3268.

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. 

About WhiteFiber

WhiteFiber is a provider of artificial intelligence ("AI") infrastructure solutions. WhiteFiber owns high-performance computing data centers and provides cloud services to customers. Our vertically integrated model combines specialized colocation, hosting, and cloud services engineered to maximize performance, efficiency, and margin for generative AI workloads. In connection with this offering, WhiteFiber is being carved out of Bit Digital, Inc. and will operate as a separate public company upon the completion of this offering. 

Forward-Looking Statements

Certain statements in this press release may constitute forward-looking statements. All statements, other than statements of historical fact, included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "intends," "expects," or similar expressions, involving known and unknown risks and uncertainties. These forward-looking statements may be included throughout this press release, and include, but are not limited to, statements relating to the expected initial public offering price of the proposed initial public offering and the grant to the underwriters of the option to purchase additional ordinary shares. By their nature, forward-looking statements are not statements of historical fact or guarantees of future performance and are subject to risks, uncertainties, assumptions or changes in circumstances that are difficult to predict or quantify. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investing in our securities involves a high degree of risk. Any forward-looking statement in this press release speaks only as of the date of this release. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.

Investor Contact
IR@whitefiber.com

Media Contact:
Jo Anne McCusker
JAM Strategic Communications
joanne@jam-comms.com 
(917) 740-9499

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SOURCE WhiteFiber