WhiteFiber Inc. Announces Public Filing for Proposed Initial Public Offering

Rhea-AI Summary

WhiteFiber has announced its public filing of a registration statement on Form S-1 with the SEC for a proposed Initial Public Offering (IPO). The company plans to list its ordinary shares 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 specific details regarding the number of shares and price range are yet to be determined, and the offering remains subject to market conditions and SEC review.

Positive

• Planned listing on major exchange (Nasdaq Capital Market)
• Engagement of established investment banks as joint-bookrunning managers

Negative

• Share offering details (price and number of shares) not yet determined
• IPO subject to market conditions and SEC review completion

NEW YORK, July 16, 2025 /PRNewswire/ -- WhiteFiber Inc. ("WhiteFiber" or the "Company"), today announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") relating to the proposed initial public offering of its ordinary shares.

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 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.

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 WhiteFiber

WhiteFiber is a leading 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:
ir@bit-digital.com

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

View original content:https://www.prnewswire.com/news-releases/whitefiber-inc-announces-public-filing-for-proposed-initial-public-offering-302506111.html

SOURCE WhiteFiber

FAQ

When will WhiteFiber (WYFI) IPO take place?

The exact IPO date has not been announced yet, as it is subject to market conditions and SEC review completion.

What is the expected price range for WhiteFiber's IPO?

The price range for WhiteFiber's IPO has not yet been determined and will be announced in future updates.

Which investment banks are managing WhiteFiber's IPO?

B. Riley Securities and Needham & Company are acting as the joint-bookrunning managers for the proposed IPO.

What stock exchange will WhiteFiber list on and under what symbol?

WhiteFiber plans to list its ordinary shares on the Nasdaq Capital Market under the symbol 'WYFI'.

How can investors access WhiteFiber's IPO prospectus?

When available, the preliminary prospectus can be obtained from B. Riley Securities and Needham & Company through their respective contact channels.