A Texas-based Bitcoin mining infrastructure company is taking the public markets route. Bitari Inc. filed an S-1 registration statement with the SEC on August 21, 2026, seeking to raise $30 million through an initial public offering on the Nasdaq Global Market under the ticker BIAI.
The offering covers 4,285,715 shares of common stock priced at $7.00 each, with gross proceeds expected to hit approximately $30 million and net proceeds landing around $27 million after underwriting and related expenses.
What Bitari actually does
Bitari builds and operates the physical infrastructure that makes Bitcoin mining possible. Its current footprint centers on a 20 MW operational site in Wheeler, Texas. A second 20 MW facility is under development in Dumas, Texas, and the company holds a contracted 20 MW site in Marion, Indiana.
For the nine months ended April 30, 2026, Bitari posted revenues of approximately $8.37 million and a net income of $183,905.
