Bitari Inc., a Bitcoin mining host, filed a prospectus with Nasdaq to conduct an initial public offering that would raise about $30 million while granting new investors roughly 10 % of the company's post‑offering equity. The filing proposes selling 4,285,715 shares at an expected price of $7 each, representing 99.8 % of total consideration and 10 % of the 43,085,715 shares expected to be outstanding after the offering. Existing shareholders would retain 38.8 million shares, or 90 % of equity, and would contribute 0.2 % of the consideration. On a per‑share basis, the deal would increase net tangible book value from $0.06 to $0.69, but would dilute buyers by $6.31 per $7 share. Chair Pei Zhao, the beneficial owner of shares held by AI Power X Inc., would control 85.87 % of post‑offering equity, preserving control of the company. The prospectus estimates about $26.95 million of net proceeds, with 40 % allocated to strategic acquisitions and investments, 30 % to global market expansion and brand development, 15 % to new mining operations and infrastructure, 10 % to research and development, and 5 % to general corporate purposes and working capital. No specific acquisition targets have been identified. The offering remains contingent on final Nasdaq approval and has no set pricing or trading date. Bitari reported revenue of $8.37 million for the nine months ended April 30, down from $8.59 million a year earlier, and net income of $183,905, down from $990,960.