Bit Digital originates $100M loan facility for WhiteFiber, adds $20M in Ethereum

Proactive

Thu, May 28, 2026 astatine 7:43 AM CDT 2 min read

Bit Digital Inc (NASDAQ:BTBT) said it has originated a $100 cardinal delayed gully word indebtedness installation for a subsidiary of WhiteFiber, Inc. (Nasdaq: WYFI), an AI infrastructure steadfast successful which Bit Digital holds a bulk ownership interest.

The facility, which tin beryllium expanded to $150 cardinal by communal agreement, is designed to enactment WhiteFiber's near-term maturation initiatives.

B Riley Securities purchased a information of the word loans from Bit Digital Capital.

Bit Digital said it expects to money advances done drawings against an Ethereum-denominated secured recognition facility, a operation the institution described arsenic a differentiated treasury strategy that allows it to clasp ETH vulnerability portion earning a financing dispersed connected the indebtedness asset.

The institution said the statement is expected to make returns that importantly transcend accepted Ethereum staking yields, portion besides supporting WhiteFiber's semipermanent worth instauration for Bit Digital shareholders done its equity involvement successful the company.

The transaction was approved by Bit Digital's committee pursuing reappraisal by an autarkic committee of disinterested directors. Both Bit Digital and WhiteFiber received written fairness opinions from Needham and Company and Seaport Global Securities.

"This transaction reflects a disciplined and differentiated superior allocation attack that further supports our existing AI Infrastructure concern thesis," CEO Sam Tabar said.

Separately, Bit Digital disclosed the acquisition of astir 8,568 Ethereum for $20 million, acquired connected May 11 astatine an mean outgo of astir $2,334 per token. Following the purchase, the institution holds astir 158,462 ETH, which it said places it among the largest nationalist holders of Ethereum globally.

Tabar said the acquisition lowers the company's mean outgo ground and supports its extremity of increasing nett plus worth per share.