US Bitcoin Mining Infrastructure Firm Bitfarry Seeks Nasdaq Listing
Summary
- U.S. Bitcoin (BTC) mining infrastructure company Bitfarry said it is moving ahead with an initial public offering for a Nasdaq Global Market listing.
- Bitfarry said it plans to offer 4,285,715 common shares at $7 each in the listing.
- Bitfarry said it is expanding beyond Bitcoin mining infrastructure into the artificial intelligence (AI) data center business and plans to build a center with 30 MW to 60 MW of capacity in Wheeler, Texas.
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Bitfarry, a U.S. Bitcoin mining infrastructure company, is seeking a Nasdaq listing.
Bitfarry said on October 26 that 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 for a Nasdaq Global Market listing.
The company plans to offer 4,285,715 common shares at an expected price of $7 each.
Bitfarry provides power, cooling facilities and installation space for mining equipment to Bitcoin miners. It also offers services including the operation and maintenance of mining facilities.
More recently, the company has expanded into artificial intelligence data centers using its existing mining infrastructure. It plans to build an AI data center in phases in Wheeler, Texas, with capacity of 30 megawatts to 60 megawatts.
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