Bit Digital Extends $100M Loan to WhiteFiber Backed by Ethereum Credit Line

ETH-4.37%
According to Bit Digital, on Wednesday the company extended a $100 million delayed-draw term loan facility to WhiteFiber, a New York-based AI infrastructure and high-performance computing provider, with the ability to expand to $150 million upon mutual agreement. The facility will be funded in whole or in part through drawings against an Ethereum-denominated secured credit facility, allowing Bit Digital to retain ETH exposure while earning a financing spread. CEO Sam Tabar said the arrangement reflects a "disciplined and differentiated capital allocation approach" that supports the company's AI infrastructure investment thesis while pursuing "attractive risk-adjusted economics for our treasury that we believe exceed traditional ETH staking yields."
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