Bitari (BIAI) Announces November 16th IPO

Bitari (BIAI) expects to raise $30.10 million in an IPO on the week of November 16th, IPO Scoop reports. The company will issue 4,300,000 shares at a price of $7.00 per share.

In the last year, Bitari generated $11.08 million in revenue and $460 thousand in net income. The company has a market-cap of $301.63 million.

US Tiger Securities acted as the underwriter for the IPO and CO-Managers<, strong><, td>

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Bitari provided the following description of their company for its IPO: “(Incorporated in Texas) We are a Texas-headquartered digital infrastructure company focused on providing secure and efficient hosting and O&M services for Bitcoin mining operations. We have two purpose-built and fully operated mining sites in Texas – one in Wheeler and another one in Dumas. We also have a contracted mining site in Marion, Indiana. We have developed operational processes and service capabilities that have supported stable operations and consistent service delivery for our customers. Through monitoring, established infrastructure and third-party service arrangements, we seek to provide reliable power availability, network connectivity and comprehensive facility management under normal operating conditions, with the objective of supporting mining machine uptime and computational performance. Our hosting services encompass the entire lifecycle of Bitcoin mining operations, including mining machine deployment, preventive maintenance, system optimization, power management, and performance analytics, offering customers a fully integrated one-stop infrastructure solution. Looking ahead, we intend to expand our operational footprint across North America, enhancing our presence in key energy regions such as Texas, West Virginia and Indiana, while pursuing opportunities to evolve from a traditional hosting service provider into a comprehensive consulting platform focused on digital assets. Since the fiscal year ended July 31, 2025, we have undertaken one consulting project. Note: Net income and revenue are for the 12 months that ended on April 30, 2026. (Note: Bitari Inc. filed its S-1 for its small IPO on Aug. 21, 2026, and disclosed the terms: 4.29 million shares at $7.00 to raise $30.03 million.) “.

Bitari was founded in 2022 and has 4 employees. The company is located at 16544 HWY 152 Wheeler, TX 79096 and can be reached via phone at (669)-205-9999 or on the web at http://www.bitari.net/.