Bit Digital, Inc. Announces Public Filing for WhiteFiber's Proposed Initial Public Offering
Bit Digital (NASDAQ:BTBT) has announced that its wholly-owned HPC subsidiary, WhiteFiber Inc., has filed a Form S-1 registration statement with the SEC for its proposed initial public offering. WhiteFiber plans to list on the Nasdaq Capital Market under the symbol "WYFI".
B. Riley Securities and Needham & Company will serve as joint-bookrunning managers for the offering. The number of shares and price range have not yet been determined, and the offering is subject to market conditions and SEC review.
Bit Digital (NASDAQ:BTBT) ha annunciato che la sua controllata HPC interamente posseduta, WhiteFiber Inc., ha presentato una dichiarazione di registrazione Form S-1 alla SEC per la sua prevista offerta pubblica iniziale. WhiteFiber intende quotarsi sul Nasdaq Capital Market con il simbolo "WYFI".
B. Riley Securities e Needham & Company agiranno come joint-bookrunning managers per l'offerta. Il numero di azioni e la fascia di prezzo non sono ancora stati definiti, e l'offerta è soggetta alle condizioni di mercato e alla revisione della SEC.
Bit Digital (NASDAQ:BTBT) ha anunciado que su subsidiaria HPC de propiedad total, WhiteFiber Inc., ha presentado una declaración de registro Formulario S-1 ante la SEC para su propuesta oferta pública inicial. WhiteFiber planea cotizar en el Nasdaq Capital Market bajo el símbolo "WYFI".
B. Riley Securities y Needham & Company serán los gestores conjuntos principales de la oferta. El número de acciones y el rango de precio aún no se han determinado, y la oferta está sujeta a las condiciones del mercado y a la revisión de la SEC.
Bit Digital (NASDAQ:BTBT)는 완전 자회사인 HPC 자회사 WhiteFiber Inc.가 제안된 기업 공개를 위해 SEC에 Form S-1 등록 서류를 제출했다고 발표했습니다. WhiteFiber는 Nasdaq Capital Market에 "WYFI"라는 심볼로 상장할 계획입니다.
B. Riley Securities와 Needham & Company가 공동 주관사로서 이번 공모를 담당할 예정입니다. 주식 수와 가격 범위는 아직 결정되지 않았으며, 공모는 시장 상황과 SEC 검토에 따라 달라질 수 있습니다.
Bit Digital (NASDAQ:BTBT) a annoncé que sa filiale HPC en propriété exclusive, WhiteFiber Inc., a déposé une déclaration d'enregistrement Formulaire S-1 auprès de la SEC pour son introduction en bourse proposée. WhiteFiber prévoit de s'inscrire sur le Nasdaq Capital Market sous le symbole "WYFI".
B. Riley Securities et Needham & Company agiront en tant que co-gestionnaires principaux pour l'offre. Le nombre d'actions et la fourchette de prix n'ont pas encore été déterminés, et l'offre est soumise aux conditions du marché et à l'examen de la SEC.
Bit Digital (NASDAQ:BTBT) hat bekannt gegeben, dass seine vollständig im Besitz befindliche HPC-Tochtergesellschaft, WhiteFiber Inc., eine Form S-1-Registrierungserklärung bei der SEC für ihren geplanten Börsengang eingereicht hat. WhiteFiber plant, am Nasdaq Capital Market unter dem Symbol "WYFI" gelistet zu werden.
B. Riley Securities und Needham & Company werden als gemeinsame Bookrunner-Manager für das Angebot fungieren. Die Anzahl der Aktien und die Preisspanne sind noch nicht festgelegt, und das Angebot unterliegt den Marktbedingungen sowie der Überprüfung durch die SEC.
- Potential value creation through WhiteFiber IPO spinoff
- Strategic positioning in HPC sector through separate listing
- Partnership with established underwriters B. Riley and Needham
- Uncertainty around offering size and pricing
- Market conditions may affect IPO timing and success
Insights
Bit Digital's subsidiary WhiteFiber filed for IPO, potentially unlocking significant value for BTBT shareholders through partial ownership monetization.
The announcement that Bit Digital's wholly-owned HPC (High-Performance Computing) subsidiary WhiteFiber has filed for an IPO represents a significant strategic development for BTBT shareholders. This move suggests Bit Digital is pursuing a value-unlocking strategy by taking its specialized subsidiary public while likely maintaining a controlling stake.
The filing indicates WhiteFiber has progressed substantially in its business development to warrant a standalone public listing. While specific financial details are absent (no share count or price range yet determined), securing two established underwriters - B. Riley Securities and Needham & Company - as joint bookrunners suggests credible institutional backing for the offering.
This corporate action could benefit Bit Digital in multiple ways: 1) Immediate capital infusion if Bit Digital sells a portion of its WhiteFiber shares in the IPO; 2) Creation of a public market valuation for WhiteFiber, potentially highlighting value that was obscured within Bit Digital's consolidated operations; 3) Increased operational flexibility for WhiteFiber with access to independent capital markets.
For existing BTBT shareholders, this represents potential value creation through partial monetization while maintaining exposure to WhiteFiber's future growth via Bit Digital's remaining ownership stake. The planned Nasdaq Capital Market listing under "WYFI" would create a directly observable market value for this business segment, providing greater transparency to investors regarding Bit Digital's sum-of-parts valuation.
The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is subject to market and other conditions and the completion of the SEC's review process. WhiteFiber intends 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-bookrunning managers for the proposed offering.
The proposed offering of these securities will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to the proposed initial public offering 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 prospectuses@brileysecurities.com; or from: Needham & Company, LLC, 250 Park Avenue, 10th Floor,
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
This press release is being made pursuant to, and in accordance with, Rule 134 under the Securities Act of 1933, as amended (the "Securities Act"). This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act and other applicable securities laws.
About Bit Digital
Bit Digital is a publicly traded digital asset platform focused on Ethereum-native treasury and staking strategies. The Company began accumulating and staking ETH in 2022 and now operates one of the largest institutional Ethereum staking infrastructures globally. Bit Digital's platform includes advanced validator operations, institutional-grade custody, active protocol governance, and yield optimization. Through strategic partnerships across the Ethereum ecosystem, Bit Digital aims to deliver exposure to secure, scalable, and compliant access to onchain yield. For additional information, please contact ir@bit-digital.com or follow us on LinkedIn or X.
Investor Contact:
ir@bit-digital.com
Media Contact:
Jo Anne McCusker
JAM Strategic Communications
joanne@jam-comms.com
(917) 740-9499
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SOURCE Bit Digital, Inc.
FAQ
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