Mentioned:
There’s a new high performance computing company going public on the Nasdaq. And it’s owned by Bit Digital.
What’s happening:
- Bit Digital (NASDAQ: BTBT) is spinning out their high performance computing division WhiteFiber as its own independent company
Why it matters:
- WhiteFiber has officially filed a S-1 with the United States Securities and Exchange Commission to IPO on the Nasdaq
Going deeper:
- Bit Digital will own an 80% equity stake in WhiteFiber upon its listing on the Nasdaq
- WhiteFiber has been aggressively scaling up their data centres operations and GPU hosting capacity recently, including notably purchasing the rights to a new data centre located in Quebec to support their 5 megawatt deal with Cerebras Systems
The intrigue:
- Bit Digital has also been making waves on Wall Street lately following their decision to sell off their Bitcoin mining operations and go all in on accumulating Ethereum
