Overview
- Bit Digital and WhiteFiber announced on Wednesday, May 27, 2026, a $100 million delayed-draw term loan facility that can be expanded to $150 million and is available for WhiteFiber to use immediately.
- Bit Digital originated and will serve as the lender while B. Riley purchased a portion of the loans, creating a mix of intra-platform financing and outside institutional participation.
- Bit Digital expects to fund advances in whole or in part by drawing on an Ethereum-denominated secured credit facility, a structure that retains crypto price exposure while seeking higher financing spreads.
- The transaction was approved after board review by an independent committee and both companies received written fairness opinions from Needham and Seaport, signaling formal governance and independent validation.
- WhiteFiber said the facility is intended to bridge timing gaps for capital-intensive AI and HPC projects and may support completion of the NC-1 data center in Madison, North Carolina as the company pursues permanent non-dilutive financing.