Bit Digital Provides $100M Loan Facility to WhiteFiber, Backed by ETH as Collateral

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According to ChainCatcher, Bit Digital announced today a $100 million delayed-draw term loan facility to a WhiteFiber subsidiary, with funds to be provided as Ethereum-denominated secured credit. The facility can be expanded to $150 million by mutual agreement and supports WhiteFiber's AI infrastructure and high-performance computing expansion. The arrangement allows Bit Digital to maintain ETH exposure while earning financing spreads on loan assets. Bit Digital, which exited Bitcoin mining entirely, reported $27.9 million in total revenue and a $146.7 million net loss for Q1 2026.
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DivinePunishmentvip
· 2m ago
Buy the dip 😎
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