Core Viewpoint - WhiteFiber (NASDAQ: WYFI) experienced a disappointing public offering despite an initial 50% increase in share price, which ultimately ended slightly down on the first trading day, indicating investor skepticism [1]. Group 1: Company Performance - WhiteFiber's public offering was well-timed, but the initial surge in share price was not sustained, reflecting potential concerns among investors [1]. Group 2: Market Context - The investing group "Value In Corporate Events" focuses on identifying opportunities in IPOs, mergers & acquisitions, earnings reports, and corporate capital allocation changes, covering 10 major events monthly [1].

Core Viewpoint - WhiteFiber (WYFI.US) debuted on the US stock market with an opening increase of over 10%, trading at $18.86, above its IPO price of $17 [1] Group 1: Company Overview - WhiteFiber is a subsidiary spun off from Bit Digital (BTBT.US), focusing on high-performance computing (HPC) data centers and cloud-based GPU services [1] - The company issued 9.4 million shares at an offering price of $17, which is at the upper limit of the previously set range of $15 to $17 [1] - Based on the offering price, WhiteFiber's valuation is approximately $619 million [1] Group 2: Market Position and Clients - The primary clients of WhiteFiber include developers of artificial intelligence applications and machine learning [1]

Market Overview - The U.S. stock market showed mixed results with the Dow Jones down by 224.48 points (0.51%) closing at 43968.64, while the Nasdaq rose by 73.27 points (0.35%) to 21242.7 [1] - European markets saw the DAX30 index increase by 287.71 points (1.20%) to 24192.24, while the FTSE 100 dropped by 63.14 points (0.69%) to 9101.17 [1] - The Nikkei 225 index in Asia rose by 0.6%, while the KOSPI index saw a slight increase and the Indonesian Composite index fell by 0.15% [2] Commodity Prices - Gold prices increased with spot gold rising by 0.86% to $3398.39 per ounce, while COMEX gold futures rose by 1.12% to $3471.70 per ounce [3] - Crude oil prices fell, with light crude oil futures for September down by $0.47 to $63.88 per barrel (0.73% decline) and Brent crude for October down by $0.46 to $66.43 per barrel (0.69% decline) [2] Cryptocurrency - Bitcoin rose over 2% to $117,263.8, while Ethereum increased by over 5% to $3,873.15 [4] Employment Data - The number of Americans continuing to claim unemployment benefits surged to 1.97 million, the highest level since November 2021, indicating a cooling labor market [5] - Initial claims for unemployment benefits also rose to 226,000, slightly above economists' expectations [5] Corporate News - Trump nominated Stephen Milan to serve on the Federal Reserve Board until January 2026, highlighting his economic expertise [6] - Microsoft announced the integration of OpenAI's GPT-5 into its product ecosystem, enhancing capabilities across various applications [10] - General Motors plans to import lithium iron phosphate (LFP) batteries from China's CATL for its second-generation Chevrolet Bolt EV, despite an 80% tariff imposed by Trump [11]

Core Viewpoint - WhiteFiber (WYFI.US) successfully debuted on the US stock market with an opening increase of over 10%, priced at $18.86, above its IPO price of $17, indicating strong market interest and investor confidence [1] Company Summary - WhiteFiber is a subsidiary spun off from Bit Digital (BTBT.US), specializing in high-performance computing (HPC) data centers and cloud-based GPU services [1] - The company issued 9.4 million shares at an IPO price of $17, placing its valuation at approximately $619 million [1] - The primary clientele for WhiteFiber includes developers of artificial intelligence applications and machine learning [1]

Core Viewpoint - WhiteFiber, a cloud data center operator spun off from BitDigital, has priced its IPO at $17 per share, at the upper limit of its proposed range, raising $159 million [1] Group 1: IPO Details - The company is issuing 9.4 million shares, raising a total of $159 million [1] - The IPO price is at the upper end of the $15 to $17 price range [1] - The fully diluted market capitalization of the company is approximately $619 million [1] Group 2: Company Background - WhiteFiber claims to be a leading provider of AI infrastructure solutions, focusing on high-performance computing (HPC) data centers utilizing NVIDIA GPUs [1] - The company expanded its operations by acquiring Canadian firm Enovum for CAD 63 million last year [1] - WhiteFiber is planning to build a new data center in North Carolina and has recently expanded its operations in the Montreal area [1] Group 3: Listing Information - WhiteFiber plans to list on NASDAQ under the ticker symbol "WYFI" [1] - B. Riley Securities, Needham & Co., and Macquarie Capital are acting as joint underwriters for the offering [1]

Core Viewpoint - WhiteFiber, Inc. has announced the pricing of its upsized initial public offering (IPO) of 9,375,000 ordinary shares at a price of $17.00 per share, with an additional option for underwriters to purchase up to 1,406,250 shares [1][2]. Company Overview - WhiteFiber is a provider of artificial intelligence (AI) infrastructure solutions, owning high-performance computing data centers and offering cloud services. The company operates a vertically integrated model designed to maximize performance, efficiency, and margin for generative AI workloads [6]. IPO Details - The ordinary shares are set to begin trading on The Nasdaq Capital Market under the symbol "WYFI" on August 7, 2025, with the closing of the offering expected on August 8, 2025, pending customary closing conditions [2]. - B. Riley Securities and Needham & Company are the joint book-running managers for the offering, with Macquarie Capital also acting as a book-runner and Roth Capital Partners as the lead manager [3].

AI infrastructure firm WhiteFiber raised $159.4 million in an IPO, pricing its shares at the top of a marketed range, according to a person familiar with the matter https://t.co/MhNi2LfEAa ...

Group 1 - Figma achieved a record-breaking IPO with a first-day stock price surge of 250%, raising $1.2 billion at a market cap of nearly $20 billion [1][3] - Ambiq Micro raised $96 million at a market cap of $459 million, focusing on ultra-low power semiconductor solutions for AI computing [1][3] - Shoulder Innovations raised $75 million at a market cap of $327 million but saw a decline of 5% on its first day [2][3] Group 2 - Upcoming IPOs include Firefly Aerospace, aiming to raise $599 million with a market cap of $5.8 billion, specializing in space and defense technology [5][8] - Heartflow plans to raise $200 million at a market cap of $1.37 billion, providing imaging and diagnostics software for coronary artery disease [6][8] - WhiteFiber is set to raise $125 million with a market cap of $558 million, offering AI infrastructure solutions [7][8]

Core Viewpoint - WhiteFiber, a cloud data center operator spun off from BitDigital, announced its IPO details, aiming to raise $125 million with a market cap of $558 million at the midpoint of its share price range [1] Group 1: IPO Details - WhiteFiber plans to issue 7.8 million shares at a price range of $15 to $17 per share [1] - The company expects to complete the pricing during the week of August 4, 2025 [1] - B.Riley Securities, Needham & Co., and Macquarie Capital are serving as joint bookrunners for the IPO [1] Group 2: Company Background and Operations - WhiteFiber is headquartered in New York and positions itself as a leading provider of AI infrastructure solutions [1] - The company operates high-performance computing (HPC) data centers that utilize NVIDIA GPUs for cloud services [1] - WhiteFiber expanded its operations by acquiring Canadian company Enovum for CAD 63 million last year and is planning to build a data center in North Carolina [1] Group 3: Financial Performance - For the 12 months ending March 31, 2025, WhiteFiber is projected to achieve revenue of $56 million [1]

Market Trends - Bitcoin surged to $123K all-time high, impacting mining economics [1][2] - Hash price reached $60 per petahash per day [2] - Ultra-low transaction fees are referred to as "Baja Blast Summer" [1] Company Strategy & Financials - Bit Digital is raising $67.3 million for an Ethereum pivot [2] - WhiteFiber IPO prospectus indicates $47.6 million in 2024 HPC revenue [2] - Public miner executive compensation totaled $14.4 million in 2024 [2] Mining Operations - BIT Mining is expanding into Ethiopia [1] - Ethiopia data centers consume 30% of the country's energy [2]