Bit Digital shares rose after the digital asset platform's WhiteFiber unit filed for an initial public offering. Shares rose 6.6% to $3.51 Wednesday. The stock has been up 19.3% this year.

Bit Digital’s (BTBT) wholly-owned HPC subsidiary WhiteFiber has filed a registration statement with the SEC related to the proposed initial public offering of its ordinary shares.

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WhiteFiber Inc. filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of ordinary shares, according to a company statement.

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