WhiteFiber Inc., a prominent player in the rapidly expanding artificial intelligence infrastructure sector, is poised to make a significant move in the financial markets with its planned $125 million initial public offering. This strategic WhiteFiber IPO, slated for the week of August 4th, marks a pivotal moment for the company as it seeks to further solidify its position in the competitive cloud computing landscape. The offering aims to raise substantial capital to fuel its ongoing expansion and enhance its advanced AI infrastructure solutions.
According to reports from IPO Scoop, WhiteFiber Inc. (WYFI) intends to issue 7,800,000 shares to the public, with an anticipated price range of $15.00 to $17.00 per share. The company’s financial performance leading up to the IPO has been notable, having generated $56.2 million in revenue and $2 million in net income over the past twelve months. With a current market capitalization of $557.7 million, the WhiteFiber IPO is generating considerable interest among investors keen on high-growth technology ventures.
WhiteFiber Inc., incorporated in the Cayman Islands, operates primarily as a provider of cloud services through its state-of-the-art data centers. As a wholly-owned subsidiary of Bit Digital, the company plans to sell approximately 20 percent of its outstanding ordinary shares to the public, embarking on a new chapter as a separate publicly traded entity. This strategic carve-out is designed to allow WhiteFiber to independently pursue its ambitious growth objectives within the AI infrastructure market.
The company prides itself on offering cutting-edge bespoke cloud services that leverage sophisticated arrays of computers and chips, including a substantial deployment of NVIDIA GPUs, servers, network equipment, and data storage solutions. As of June 30, 2025, WhiteFiber had approximately 4,500 NVIDIA GPUs deployed, with an additional 4,000 GPUs under contract. This robust hardware foundation enables WhiteFiber to be a leading provider of high-performance computing (HPC) solutions, specifically catering to AI application and machine learning (ML) developers.
WhiteFiber’s Tier-3 data centers are designed to support intensive HPC workloads, providing essential hosting and colocation services. Crucially, their cloud services are optimized for generative AI workstreams, encompassing both training and inference processes. The company significantly expanded its operations starting in October 2024 with the strategic acquisition of Enovum, a Tier-3 HPC data center platform located in Montreal, Canada, reinforcing its footprint in key geographic locations.
The Montreal presence includes MTL-1, a fully operational 4 MW (gross) AI data center currently occupied by 14 customers under long-term lease agreements. Further expansion plans in Montreal include the acquisition of real estate for MTL-2, a build-to-suit 5 MW (gross) Tier-3 data center expansion project. Additionally, WhiteFiber secured rights to MTL-3, a 7 MW (gross) Tier-3 data center in Saint-Jérôme, Québec, which will support a previously announced 5 MW (IT load) colocation agreement with Cerebras Wafer Scale Systems, a leader in generative AI infrastructure.
Beyond its Canadian operations, WhiteFiber Inc. has also made significant strides in expanding its North American presence. In May 2025, the company acquired a former industrial building outside Greensboro, North Carolina, with plans to retrofit it into a new HPC data center named NC-1. A capacity agreement with Duke Energy aims to achieve substantial electrical service to the property, with projected capacities reaching up to 200 MW (gross) over an extended period, demonstrating the company’s commitment to large-scale AI infrastructure development.
WhiteFiber Inc., founded in 1999, has grown into a dynamic enterprise with 39 dedicated employees. The company maintains its corporate headquarters at 31 Hudson Yards, Floor 11, Suite 30, New York, New York 10001. Prospective investors and interested parties can reach the company by phone at (212) 463-5121 or explore further details on their official website at http://www.whitefiber.com/.
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