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 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.

We hope you enjoyed this article.

Consider subscribing to one of our newsletters like Enterprise AI Brief, Silicon Brief or Daily AI Brief.

Also, consider following us on social media:

Enterprise AI AI Chips & Datacenters AI Brief AI Brief (X)

More from: Enterprise

05/27
Compal Electronics and GMI Cloud Partner on AI Infrastructure Deployment
05/27
Accrete Health Partners Invests in ReveloHealth to Expand iCALIBRATE Platform
05/27
General Motors Approves Pinnacle Intelligence for Dealership BDC Services
05/27
Adaly Launches Federated DataOS for Enterprise AI Operations
05/27
Investor Group Services Launches AI Practice Led by Justin Bass

More from: Data Centers

05/27
Compal Electronics and GMI Cloud Partner on AI Infrastructure Deployment
05/27
Pump.co Expands Free Platform to Include AI Cost Optimization
05/27
IFS Introduces IFS Zero for Emissions Management in Industrial Operations
05/27
Elemental Impact Launches Data Center Innovation Initiative with Amazon, Google, Meta, and Microsoft
05/27
Hoth Therapeutics Renamed Rocket One, Focus Shifts to Space AI Hardware

Subscribe to Enterprise AI Brief

Weekly report on AI business applications, enterprise software releases, automation tools, and industry implementations.

AI Token Webinar

Whitepaper

Governing the Future: A Strategic Framework for AI Adoption in Financial Institutions

This whitepaper explores the transformative impact of artificial intelligence on the financial industry, focusing on the governance challenges and regulatory demands faced by banks. It provides a strategic framework for AI adoption, emphasizing the importance of a unified AI approach to streamline compliance and reduce operational costs. The document offers actionable insights and expert recommendations for banks with fewer than 2,000 employees to become leaders in compliant, customer-centric AI.

Read more

You May Also Like