Crypto winter not over? Mining rig hosting provider Bitari cancels orders at the last minute, IPO plans put on hold
Bitcoin mining service provider Bitari has withdrawn its Nasdaq IPO plan. The company originally intended to issue 4.3 million shares at $7 per share to raise $30 million. Its annual revenue is approximately $11 million.
According to Zhihong Finance APP, Bitari, which provides hosting and other services for the Bitcoin mining business, withdrew its initial public offering (IPO) plan on Monday. The company initially filed documents in August 2026, planning to issue 4.3 million shares at $7 per share to raise $30 million.
This Texas-based company, headquartered in Wheeler, was founded in 2022 and achieved revenue of $11 million in the 12 months ending April 30, 2026. The company originally planned to list on Nasdaq under the ticker symbol "BIAI", with Tiger Securities set to act as the sole bookrunner for the transaction.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Honda Motor (HMC.US) Reports 65.7% Increase in Net Profit in the First Half, Plans to Expand Production Capacity in North America and Brazil
Honda Motor (HMC.US) released its financial results for the first half of fiscal year 2027 on November 10.
Pre-orders for GTA 6 are booming and may reverse the downward trend! Citigroup raises Take-Two Interactive Software (TTWO.US) target to $270
Citigroup maintains a "Buy" rating on Take-Two Interactive Software, with a target price of $270.
Silver Price Forecast: XAG/USD trades flat around $53 ahead of US inflation data
Crypto prices
More
