🚨 New: WhiteFiber raises $159.4 million in its initial public offering!
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📈 The most important news:
* WhiteFiber successfully completed its initial public offering (IPO), raising $159.4 million as a step to fund its operations in the artificial intelligence infrastructure sector.
* The company's shares officially began trading on the Nasdaq Capital Market under the symbol $WYFI.
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💡 What does this mean?
* This IPO is a strategic chapter for WhiteFiber, separating it from its parent company Bit Digital, which still holds a significant stake of approximately 77.6%, demonstrating its confidence in the future of the new company.
* This move highlights the ongoing evolution of cryptocurrency companies expanding into other technological sectors like artificial intelligence, aiming to diversify their operations and attract a broader base of investors.
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❓ Do you think this trend, where cryptocurrency companies are expanding into artificial intelligence, will become common in the future?
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