Cloud data center operator WhiteFiber (WYFI.US) plans to IPO at a price of $15-17 per share, aiming to raise $125 million.

According to the 36Kr app, WhiteFiber, a cloud data center operator spun off from BitDigital (BTBT.US), announced the specific terms of its initial public offering (IPO) on Tuesday. This New York-based company plans to issue 7.8 million shares at a price of $15 to $17 per share, raising $125 million. Based on the midpoint of the offering price range, WhiteFiber's fully diluted market value will reach $558 million.