According to CoinMeta, Bitari Inc submitted a registration statement with the US Securities and Exchange Commission (SEC) on August 21st, planning to raise $30 million through an initial public offering (IPO) on NASDAQ Global Market under the ticker symbol BIAI. Bitari Inc will issue 4,285,715 common shares at a price of $7 per share, with an estimated net proceeds of around $27 million. The company is responsible for building and operating physical infrastructure for Bitcoin mining and currently operates a 20-megawatt mining farm in Wheeler, Texas.