Bit Digital's subsidiary WhiteFiber raised $159.4 million in its IPO on the US stock market, with a valuation of $619 million.

According to Mars Finance, citing Bloomberg, AI infrastructure subsidiary Whitefiber Inc. of crypto asset management company Bit Digital Inc. raised $159.4 million in its U.S. IPO, with an issuance price of $17 per share, at the upper limit of the range, corresponding to a valuation of $619 million. WhiteFiber focuses on high-performance computing data centers and cloud GPU services, with clients including AI and machine learning developers. The prospectus shows that WhiteFiber had a net profit of $1.4 million and revenue of $16.8 million in the first quarter of this year. After the IPO, Bit Digital will hold approximately 77.6% of the shares, with the stock code WYFI.