Bitari, which provides hosting and other services for Bitcoin mining operations, withdrew its plans for an initial public offering on Monday. It had originally filed in August 2026 to raise $30 million by offering 4.3 million shares at $7.
The Wheeler, TX-based company was founded in 2022 and booked $11 million in revenue for the 12 months ended April 30, 2026. It had planned to list on the Nasdaq under the symbol BIAI. Tiger Brokers was set to be the sole bookrunner on the deal.
