According to CryptoBriefing, Bitari Inc. submitted an S-1 registration statement to the US SEC on August 21, planning to raise $30 million through an IPO on the NASDAQ Global Market, with the stock code BIAI. Bitari Inc. will issue 4285715 ordinary shares, priced at $7 per share, with an expected net profit of approximately $27 million. Bitari Inc. is responsible for building and operating the physical infrastructure for Bitcoin mining, and currently operates a 20 megawatt mine in Wheeler, Texas.