Bit Digital extends $100 million loan facility to WhiteFiber, backed by Ethereum credit line
The Block
Bit Digital has launched a $100 million loan facility for its AI infrastructure subsidiary, WhiteFiber, funded through an Ethereum-denominated credit line.Summary
Bit Digital has introduced a $100 million delayed-draw term loan facility to support the growth of WhiteFiber, its AI infrastructure subsidiary. This facility, which may increase to $150 million, is backed by an Ethereum-denominated credit line, allowing Bit Digital to maintain its ETH exposure while generating favorable financing yields. This strategic move aligns with Bit Digital’s recent shift away from bitcoin mining toward prioritizing its AI infrastructure investments.
(Source：The Block)