PANews August 7 news, according to Bloomberg, AI infrastructure company WhiteFiber Inc. raised $159.4 million in its U.S. stock IPO, with an issue price of $17 per share, at the upper end of the range, corresponding to a valuation of $619 million. WhiteFiber is a subsidiary of Bit Digital Inc. (BTBT), specializing in high-performance computing data centers and cloud GPU services, with clients including AI and machine learning developers. The prospectus shows that WhiteFiber's net profit in the first quarter of this year was $1.4 million, with revenue of $16.8 million. After the IPO, Bit Digital will hold approximately 77.6% of the shares, with the stock code WYFI.