Ptechhub
  • News
  • Industries
    • Enterprise IT
    • AI & ML
    • Cybersecurity
    • Finance
    • Telco
  • Brand Hub
    • Lifesight
  • Blogs
No Result
View All Result
  • News
  • Industries
    • Enterprise IT
    • AI & ML
    • Cybersecurity
    • Finance
    • Telco
  • Brand Hub
    • Lifesight
  • Blogs
No Result
View All Result
PtechHub
No Result
View All Result

WhiteFiber Announces Closing of Upsized Initial Public Offering

PR NEWSWIRE by PR NEWSWIRE
August 8, 2025
Home Telco
Share on FacebookShare on Twitter


NEW YORK, Aug. 8, 2025 /PRNewswire/ — WhiteFiber, Inc. (Nasdaq: WYFI) (“WhiteFiber” or the “Company”), today announced the closing of its upsized initial public offering of 9,375,000 ordinary shares at a public offering price of $17.00 per share. The ordinary shares began trading on The Nasdaq Capital Market on August 7, 2025 under the symbol “WYFI.”

WhiteFiber received aggregate gross proceeds of $159.4 million from the initial public offering, before deducting underwriting discounts and commissions and offering expenses. In addition, WhiteFiber granted the underwriters a 30-day option to purchase up to an additional 1,406,250 ordinary shares at the initial public offering price, less underwriting discounts and commissions.

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

A registration statement relating to these securities was filed with the SEC and declared effective on August 6, 2025. The offering was made solely by means of a prospectus. Copies of the final prospectus may be obtained from: B. Riley Securities, 1300 17th Street North, Suite 1300, Arlington, VA 22209, Attention: Prospectus Department, by telephone at (703) 312-9580 or by email at [email protected]; or from: Needham & Company, LLC, 250 Park Avenue, 10th Floor, New York, NY 10177, Attn: Prospectus Department, [email protected] 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. 

Investor Contact:

[email protected]

Media Contact:
Jo Anne McCusker
JAM Strategic Communications
[email protected]
(917) 740-9499

SOURCE WhiteFiber, Inc.



Source link

Tags: Artificial IntelligenceCarriers and ServicesComputer & ElectronicsInc.Stock OfferingTelecommunications IndustryWhiteFiber
PR NEWSWIRE

PR NEWSWIRE

Next Post
Truth Social’s New AI Chatbot Is Donald Trump’s Media Diet Incarnate

Truth Social's New AI Chatbot Is Donald Trump's Media Diet Incarnate

Recommended.

MWC 2025 | Le New Calling ouvre une nouvelle ère de l’intelligence de service

MWC 2025 | Le New Calling ouvre une nouvelle ère de l’intelligence de service

February 27, 2025
Lisa Cook’s lawsuit against Trump skirts mortgage fraud allegation

Lisa Cook’s lawsuit against Trump skirts mortgage fraud allegation

August 28, 2025

Trending.

⚡ Weekly Recap: Oracle 0-Day, BitLocker Bypass, VMScape, WhatsApp Worm & More

⚡ Weekly Recap: Oracle 0-Day, BitLocker Bypass, VMScape, WhatsApp Worm & More

October 6, 2025
Cloud Computing on the Rise: Market Projected to Reach .6 Trillion by 2030

Cloud Computing on the Rise: Market Projected to Reach $1.6 Trillion by 2030

August 1, 2025
Stocks making the biggest moves midday: Autodesk, PayPal, Rivian, Nebius, Waters and more

Stocks making the biggest moves midday: Autodesk, PayPal, Rivian, Nebius, Waters and more

July 14, 2025
The Ultimate MSP Guide to Structuring and Selling vCISO Services

The Ultimate MSP Guide to Structuring and Selling vCISO Services

February 19, 2025
Translators’ Voices: China shares technological achievements with the world for mutual benefit

Translators’ Voices: China shares technological achievements with the world for mutual benefit

June 3, 2025

PTechHub

A tech news platform delivering fresh perspectives, critical insights, and in-depth reporting — beyond the buzz. We cover innovation, policy, and digital culture with clarity, independence, and a sharp editorial edge.

Follow Us

Industries

  • AI & ML
  • Cybersecurity
  • Enterprise IT
  • Finance
  • Telco

Navigation

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Subscribe to Our Newsletter

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Copyright © 2025 | Powered By Porpholio

No Result
View All Result
  • News
  • Industries
    • Enterprise IT
    • AI & ML
    • Cybersecurity
    • Finance
    • Telco
  • Brand Hub
    • Lifesight
  • Blogs

Copyright © 2025 | Powered By Porpholio