WhiteFiber raises $159.4M in US IPO at $619M valuation
AI infrastructure firm WhiteFiber Inc., a subsidiary of Bit Digital, raised $159.4 million in its US IPO. The shares were priced at $17 each, at the top of the range, valuing the company at $619 million. In Q1, WhiteFiber posted a net profit of $1.4 million on $16.8 million in revenue. After the WhiteFiber IPO, Bit Digital will retain 77.6% ownership. Trading will begin under the ticker WYFI. The WhiteFiber IPO highlights strong investor demand for high-performance computing data centers and cloud GPU services tailored to AI and machine learning developers.
Neutral
The WhiteFiber IPO demonstrates robust capital inflow into AI infrastructure but has limited direct impact on cryptocurrency prices or market stability. Historically, technology company listings—such as Coinbase’s IPO—have generated short-lived volatility in related tokens but few lasting effects on broader markets. In the short term, traders may view this as a positive signal for GPU supply and AI adoption, supporting equities in the sector. However, there is no direct link to major crypto assets, making the overall market impact neutral. Over the long term, improved data-center capacity could indirectly benefit blockchain projects requiring high-performance computing, but the immediate effect on trading activity is expected to remain muted.