PANews reported on August 7th that AI infrastructure company WhiteFiber Inc. raised $ 159.4 million in its US IPO , priced at $ 17 per share, at the upper end of its range, valuing the company at $ 619 million. WhiteFiber , a subsidiary of Bit Digital Inc. ( BTBT ), provides high-performance computing data center and cloud GPU services, serving AI and machine learning developers. According to the prospectus, WhiteFiber achieved net profit of $ 1.4 million and revenue of $ 16.8 million in the first quarter of this year. Following the IPO , Bit Digital will hold approximately 77.6% of the shares, with the stock ticker symbol WYFI .