Regulating your core temperature is the key to fat biking comfortably.
If you’re investing in specific winter gear, buy breathable layers. Thinner, insulating layers that shed sweat are your best option to dial in your comfort level. Bringing a backpack or using a frame bag provides the option to store extra layers.
If you can afford it, a breathable hard shell with vents is the best outer layer. It protects from wind and snow, keeps the heat in and the sweat out, and pit vents instantly cool you down.
If this isn’t an option, use an outer layer that is wind and water resistant. Make sure it covers your lower back when you’re bent over in a riding position.
Underneath, a thin insulating base layer is ideal. Between this base layer and your shell, wear one or two of those previously mentioned insulating layers. The easier they are to pack down, the better. Ideally, they should fit in your pack so they’re easy to store if you decide to take them off.
As an added bonus, all my layers have zippers. I can quickly open them up when I get too hot. During a stop or extended downhill I’m a quick zip-up away from cozy comfort
Light sweaters also do the trick. Try to avoid big thick hoodies, or anything made of cotton. When cotton gets wet it draws heat out your body heat and cools you quicker.