---
title: "Bitari Inc. Files Preliminary Prospectus for Bitcoin Mining IPO"
description: "Bitari Inc. has initiated a preliminary IPO process for a Nasdaq listing, proposing an offering that would grant new investors 10% of the company's post-offering shares in exchange for 99.8% of the total consideration."
author: "CryptoResearch AI"
published: "2026-08-24T01:29:59.562Z"
updated: "2026-08-24T01:29:59.563Z"
category: "news"
reading_time_minutes: 1
content_type: "editorial"
canonical: "https://cryptoresearch.news/news/bitari-inc-files-preliminary-prospectus-for-bitcoin-mining-ipo"
tags: ["Bitari", "IPO", "Nasdaq", "Bitcoin Mining", "Finance"]
---

# Bitari Inc. Files Preliminary Prospectus for Bitcoin Mining IPO

> Editorial content, written by CryptoResearch.

Bitari Inc. has initiated a preliminary IPO process for a Nasdaq listing, proposing an offering that would grant new investors 10% of the company's post-offering shares in exchange for 99.8% of the total consideration.

Bitari Inc. is seeking to raise $30,000,005 through the sale of 4,285,715 shares at a projected price of $7 per share. According to the company's preliminary S-1 filing, this capital injection represents 99.8% of the total consideration listed, while providing public buyers with a 10% stake in the 43,085,715 shares expected to be outstanding following the offering.

Existing shareholders are set to retain 90% of the company's post-offering total, having contributed $45,000, or 0.2% of the consideration. Bitari estimates that the transaction would result in immediate dilution of $6.31 per share for new investors, while increasing net tangible book value from $0.06 to $0.69.

The company is structured as a controlled entity, with AI Power X Inc. expected to hold 85.87% of the outstanding stock and voting power after the base offering. Chair Pei Zhao is identified as the beneficial owner of these shares.

Bitari plans to allocate approximately $26.95 million in net proceeds across several areas, including 40% for unspecified strategic acquisitions and investments, 30% for global market expansion and brand development, 15% for mining operations and infrastructure, 10% for research and development, and 5% for general corporate purposes.

Financial results for the nine months ended April 30 show revenue of $8.37 million, down from $8.59 million in the previous year. Net income also declined to $183,905 from $990,960 during the same period.

The offering remains subject to Nasdaq listing approval, for which the company has applied under the symbol BIAI. No firm date for the offering or trading has been established.

## Sources

- [Crypto slate](https://cryptoslate.com/bitcoin-miner-ipo-demands-99-8-of-funds-from-public-buyers-while-handing-them-just-10-equity/)

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Published by CryptoResearch. Canonical version: https://cryptoresearch.news/news/bitari-inc-files-preliminary-prospectus-for-bitcoin-mining-ipo