WhiteFiber Secures $100M Delayed Draw Loan, Expandable to $150M
WYFI•WhiteFiber subsidiary secured a $100 million delayed draw term loan, with an option to expand to $150 million, to fund near-term growth initiatives. The facility uses an Ethereum-denominated credit line, allowing Bit Digital to keep ETH exposure while fueling WhiteFiber’s AI and high-performance computing growth.
1. Facility Structure
WhiteFiber’s subsidiary has entered into a $100 million delayed draw term loan facility provided by Bit Digital Capital, with the contractual option to increase total commitments to $150 million upon mutual agreement.
2. Funding Mechanism
The loan is collateralized through an Ethereum-denominated secured credit line, enabling Bit Digital to maintain ETH exposure while earning a financing spread over traditional staking yields.
3. Growth Initiatives
Proceeds are earmarked for WhiteFiber’s near-term expansion in AI infrastructure and high-performance computing capacity, supporting increased deployment of GPU clusters and related services.
4. Governance and Approval
Both Bit Digital and WhiteFiber boards approved the transaction following independent fairness opinions, underscoring alignment with strategic asset growth and disciplined capital allocation mandates.
