WhiteFiber, Inc. Prices IPO at $15.00-$17.00 Per Share (WYFI)

WhiteFiber, Inc. (WYFI) expects to raise $125 million in an IPO on the week of August 4th, IPO Scoop reports. The company will be issuing 7,800,000 shares at $15.00-$17.00 per share.

In the last 12 months, WhiteFiber, Inc. generated $56.2 million in revenue and $2 million in net income. The company has a market cap of $557.7 million.

B. Riley Securities, Needham & Co. and Macquarie Capital; Roth Capital Partners; Craig-Hallum and Clear Street served as the underwriters for the IPO.

WhiteFiber, Inc. provided the following description of their company for its IPO: “(Incorporated in the Cayman Islands) We provide cloud services through our data centers.  Note: We are currently a wholly owned subsidiary of Bit Digital. We intend to sell approximately 20 percent of our issued and outstanding ordinary shares to the public as part of this offering. Note: Our WhiteFiber cloud services business provides cutting-edge bespoke services involving a sophisticated array of computers and chips, including NVIDIA GPUs, servers, network equipment, and data storage solutions. As of June 30, 2025, WhiteFiber had approximately 4,500 NVIDIA GPUs deployed, with approximately 4,000 GPUs under contract. 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. We will operate as a separate public company upon the completion of this offering. Starting in October 2024, we significantly expanded our data center operations and capabilities by acquiring Enovum, a Tier-3 HPC data center platform based in Montreal, Canada. We currently operate a 4 MW (gross) AI data center located in Montreal, Canada (“MTL-1”). MTL-1 is a fully operational Tier-3 data center that is designed for HPC workloads. MTL-1’s full capacity is occupied by 14 customers under lease agreements with an average duration of approximately 30 months as of May 30, 2025. On December 27, 2024, we acquired the real estate and building for a build-to-suit 5 MW (gross) Tier-3 data center expansion project in Montreal (“MTL-2”). On April 11, 2025, we announced that we had secured the rights to a new data center site in Saint-JĂ©rĂ´me, QuĂ©bec, a suburb of Montreal (“MTL-3”), which will be a 7 MW (gross) Tier-3 data center. Subject to our receipt of all required permits, MTL-3 will support a previously announced 5 MW (IT load) colocation agreement with Cerebras Wafer Scale ULC Systems (“Cerebras”), a leader in generative AI infrastructure. On May 20, 2025, we purchased a former industrial/manufacturing building together with the underlying land outside of Greensboro, North Carolina (the “Property”), which we intend to retrofit to create an HPC data center (“NC-1”). Pursuant to a Capacity Agreement between Enovum and Duke Energy, Duke Energy agreed to use commercially reasonable efforts to achieve 24 MW (gross) of service to the Property by September 1, 2025, 40 MW (gross) by April 1, 2026 and 99 MW (gross) within four years of May 16, 2025. Management believes based upon its review of the site and a Duke Energy preliminary transmission study, that the Property may receive and support up to 200 MW (gross) of total electrical supply over an extended period of time, subject to infrastructure upgrades, such as developing new substations and other conditions. Note: Net income and revenue are for the 12 months that ended March 31, 2025. (Note: WhiteFiber disclosed its IPO’s terms on July 29, 2025,  in an S-1/A filing: 7.81 million shares (7,812,500 shares) at a price range of $15.00 to $17.00 to raise $125 million, if priced at the $16.00 mid-point of its range. Background: WhiteFiber named the additional members of its joint book-running team on July 23, 2025, in an S-1/A filing: Macquarie Capital; Roth Capital Partners; Craig-Hallum Capital Group and Clear Street. Initial Filing: WhiteFiber filed its S-1 to go public on July 11, 2025, without disclosing the terms for its IPO. Estimated IPO proceeds are $100 million.) “.

WhiteFiber, Inc. was founded in 1999 and has 39 employees. The company is located at 31 Hudson Yards, Floor 11, Suite 30 New York, New York 10001 and can be reached via phone at (212) 463-5121 or on the web at http://www.whitefiber.com/.