Cloud data center operator WhiteFiber (WYFI.US) sets IPO price at $15-17 per share, aiming to raise $125 million.

Cloud data center operator WhiteFiber (WYFI.US), spun off from BitDigital (BTBT.US), announced the terms of its initial public offering (IPO) on Tuesday. The New York-based company plans to issue 7.8 million shares at a price of $15 to $17 per share, raising $125 million. Based on the mid-point of the offering price range, WhiteFiber's fully diluted market value will reach $558 million. As a self-proclaimed leading provider of artificial intelligence (AI) infrastructure solutions, WhiteFiber said its high-performance computing (HPC) data centers provide cloud services leveraging NVIDIA Corporation (NVDA.US) GPUs. The company expanded its business last year with the acquisition of Enovum in Canada for $63 million and has recently announced plans to build a data center in North Carolina, in addition to expanding operations in the Montreal area. Founded in 1999, WhiteFiber generated $56 million in revenue for the 12 months ending on March 31, 2025. The company plans to list under the ticker symbol "WYFI" on the Nasdaq, with B. Riley Securities, Needham & Co., and Macquarie Capital serving as joint book-running managers, with pricing expected to be completed the week of August 4, 2025.