Bitari, a Texas-based company, is seeking to raise approximately $30 million in an initial public offering as it looks to expand its Bitcoin mining infrastructure business, according to a new filing with the U.S. Securities and Exchange Commission.

The proposed offering covers approximately 4.3 million shares at an estimated price of $7 per share, with expected net proceeds of roughly $27 million. Bitari has applied to list its shares on Nasdaq under the ticker BIAI, subject to final approval. The terms remain estimates at the filing stage, and the offering still depends on the SEC declaring the registration effective and on Nasdaq's go-ahead before shares can be priced and begin trading.

Bitari provides infrastructure and operational services for Bitcoin mining and other compute-intensive workloads. Its offerings span energy sourcing, data-center facilities, machine hosting, and maintenance. The company intends to direct the IPO capital toward expansion and development. Its Texas base sits in one of the largest bitcoin mining markets in the United States, where a deregulated power grid and demand-response programs that pay large users to curtail load during grid stress have drawn miners, and hosting arrangements of the kind Bitari operates are a standard structure for machine owners who outsource power, cooling, and uptime instead of running their own sites.

According to the filing, about 40% of net proceeds would fund strategic acquisitions and investments, while 30% would support global market expansion and brand development. A further 15% is earmarked for new mining operations and infrastructure, 10% for research and development in high-performance computing and energy-efficient technologies, and the remaining 5% for general corporate purposes and working capital. The high-performance computing allocation reflects a broader trend among mining operators, which have increasingly pitched their powered data-center capacity toward AI and other compute workloads.

The filing also details Bitari's recent financial performance. For the three months ended April 30, 2026, the company reported nearly $3 million in revenue, while net income rose to $502,236 from $294,694. In fiscal 2025, Bitari recorded approximately $11 million in revenue and $1.3 million in net income. That is a small scale relative to the largest U.S.-listed mining companies, and a completed listing would add another name to the roster of bitcoin miners already trading on Nasdaq.

Bitari plans to expand its regional footprint across North America, with Texas, West Virginia, and Indiana among its target markets, while also exploring international expansion. The company additionally aims to transition from a traditional hosting provider toward a digital-asset consulting platform and has completed one consulting project since fiscal 2025. That pivot is at an early stage, and post-listing disclosures will show how the earmarked proceeds translate into acquisitions, new sites, and services.