Bitcoin Mining Infrastructure Firm Vitari Pursues Nasdaq Listing
Summary
- Vitari, a U.S. Bitcoin mining infrastructure company, said it is moving ahead with an initial public offering for a listing on the Nasdaq Global Market.
- Vitari said it plans to offer 4,285,715 common shares at $7 each.
- Vitari said it is expanding into an AI data center business with 30 megawatts to 60 megawatts of capacity using its existing Bitcoin mining infrastructure.
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Vitari, a U.S. Bitcoin mining infrastructure company, is pursuing a Nasdaq listing.
On Oct. 26, the company said it had filed an amended S-1 registration statement with the U.S. Securities and Exchange Commission as it moves forward with an initial public offering on the Nasdaq Global Market.
Vitari plans to offer 4,285,715 common shares in the IPO. The expected offering price is $7 a share.
The company provides power, cooling facilities and space for mining rigs to Bitcoin miners. It also offers services such as operating and maintaining mining facilities.
More recently, Vitari has been expanding into AI data centers using its existing mining infrastructure. It plans to build an AI data center with 30 megawatts to 60 megawatts of capacity in phases in Wheeler, Texas.
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