WhiteFiber Secures 100 Million Dollar Loan Facility from Bit Digital

May 27, 2026
WhiteFiber has entered a 100 million dollar delayed draw term loan facility with Bit Digital Capital to support near term growth in its data centers and cloud services. The financing may increase to 150 million dollars upon mutual agreement.
WhiteFiber Secures 100 Million Dollar Loan Facility from Bit Digital

WhiteFiber has entered into a 100 million dollar delayed draw term loan facility with Bit Digital Capital, a subsidiary of Bit Digital, announced in a press release. The financing may be expanded to 150 million dollars if both parties agree. B. Riley Securities purchased a portion of the term loans from Bit Digital Capital.

The facility is designed to provide WhiteFiber with added flexibility for near term growth initiatives in its data centers and cloud services. The company plans to use the proceeds for general corporate purposes, including the buildout of the first phase of its high performance computing data center in Madison, North Carolina.

According to Bit Digital, announced in a press release, the financing will be funded through drawings against an Ethereum denominated secured credit facility. This structure allows Bit Digital to maintain exposure to Ethereum while earning a financing spread on the term loan. The transaction was approved by the boards of both companies following reviews by independent committees and fairness opinions from Needham and Company and Seaport Global Securities.

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