Bit Digital lends WhiteFiber $100M using ETH-backed credit line to chase returns above staking yields
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Promote with Leviathan NewsBit Digital originated a $100 million delayed-draw term loan for WhiteFiber, its majority-owned AI/HPC infrastructure play, with room to expand the facility to $150 million. The twist is the funding stack: Bit Digital expects to draw against an Ethereum-denominated secured credit facility, keeping ETH exposure while trying to earn a lending spread it says beats plain staking yields. B. Riley bought part of the loan, and the related-party setup cleared board review with independent committee and fairness opinions.
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More coverage
- Bit Digital backs WhiteFiber with $100M Ethereum-linked loan (cryptonews.net)
- Bit Digital Extends $100 Million Loan Facility to WhiteFiber - Phemex (phemex.com)
- Bit Digital sets $100M loan facility with WhiteFiber | BTBT 8-K Filing (stocktitan.net)
- Bit Digital extends $100M loan facility to WhiteFiber backed by ... (alpha-maven.com)
- Bit Digital greenlights $100M Ethereum-backed loan to fuel ... - BTCC (btcc.com)
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