WhiteFiber Secures $100M Facility to Fund NC HPC Data Center Build
WYFI•WhiteFiber has secured a $100 million delayed draw term loan facility with Bit Digital Capital, Inc., potentially rising to $150 million upon mutual agreement, with B. Riley Securities acquiring a portion. Proceeds will fund near-term initiatives including completion of its first-phase HPC data center in Madison, North Carolina, and cloud expansion.
1. Facility Terms and Upsize Option
WhiteFiber entered into a $100 million delayed draw term loan facility with Bit Digital Capital, Inc., with an option to increase to $150 million under mutual agreement. B. Riley Securities purchased a portion of the loans, providing added flexibility to bridge gaps before permanent financing closings.
2. Funding Allocations for Growth Initiatives
The company intends to use the proceeds for general corporate purposes including completing phase one of its HPC data center in Madison, North Carolina, and supporting expansion of its cloud services and data center capacity.
3. Ongoing Financing Strategy and Outlook
WhiteFiber is simultaneously advancing non-dilutive permanent financing, having amended its credit facility with Royal Bank of Canada and progressing toward permanent NC-1 financing. Management remains focused on disciplined execution, bringing contracted capacity online, and building a scalable AI infrastructure platform.
