Bit Digital used a $50 million loan from Galaxy Digital, drawn on May 20 at a 5.45% interest rate and secured by 49,000 of its 66,192 LsETH, to help fund majority-owned AI infrastructure company WhiteFiber while preserving its Ethereum position and avoiding immediate equity dilution. The company retained 17,192 LsETH worth $27.6 million as a buffer, disclosed standard 24-hour and possible nine-hour urgent collateral-call windows, but did not disclose the live thresholds for any margin call or say that the quarter's $46 million non-cash LsETH impairment triggered one. In second-quarter results, Bit Digital said it sold no ETH, staking revenue fell to $900,000 from $2.3 million in the first quarter, net loss attributable to shareholders reached $107.2 million, ETH holdings rose from 24,434 on March 31 to about 100,603, and CEO Sam Tabar said the board is evaluating share repurchases, subject to board and shareholder approval.