Bit Digital Extends $100 Million Loan Facility to WhiteFiber
Bit Digital said the delayed-draw facility will support WhiteFiber’s high-performance computing and AI expansion, with capacity rising to $150 million by mutual agreement and funding potentially tied to Ethereum-denominated secured credit.
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Fact Check
The official Bit Digital press release (bit-digital.com) directly confirms the $100M delayed-draw loan facility to a WhiteFiber subsidiary supporting AI/HPC expansion, expandability to $150M, and Ethereum-denominated secured credit facility funding. The Block and Crypto Briefing independently corroborate all material details.
Summary
Bit Digital announced a $100 million delayed-draw term loan facility for a WhiteFiber subsidiary to support high-performance computing and AI expansion. The company said the facility may be upsized to $150 million by mutual agreement. Bit Digital also stated that funding may be provided partly or fully through an Ethereum-denominated secured credit facility, adding detail to the previously reported Ethereum-linked financing structure.
Terms & Concepts
- Ethereum-denominated secured credit facility: A financing arrangement in which the loan is referenced in Ethereum and is backed by pledged collateral under secured lending terms.
- Delayed-draw term loan facility: A loan structure that allows a borrower to access approved funds in stages over time rather than receiving the full amount at closing.
- Ethereum: A blockchain network and digital asset used for decentralized applications, smart contracts, and some crypto-linked financing arrangements.