WhiteFiber raise $159.4M for US IPO at $619M value
WhiteFiber Inc., one AI infrastructure company wey be subsidiary of Bit Digital, raise $159.4 million for dia US IPO. Dem price di shares for $17 each one, wey dey top of di range, value di company $619 million. For Q1, WhiteFiber get net profit $1.4 million on $16.8 million revenue. After di WhiteFiber IPO, Bit Digital go still hold 77.6% ownership. Dem go start to trade under di ticker WYFI. Dis WhiteFiber IPO show say investors want strong high-performance computing data centers and cloud GPU services wey dem design for AI and machine learning developers.
Neutral
WhiteFiber IPO dey show say capital dey flow well well enter AI infrastructure but e no too get direct impact for cryptocurrency price or market stability. For history, technology company dem wey dem list before—like Coinbase IPO—dem generate short short wahala (volatility) for related tokens but e no too affect bigger market anyhow. For short term, traders fit see am as good sign for GPU supply and AI adoption, wey go support stocks for the sector. But no direct connection with major crypto assets, so overall market impact na neutral. For long term, better data-center fit help blockchain projects wey need high performance computing small small but for short term, trading activity effect go still dey low.