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via The Block · By The Block Editorial

Bit Digital extends $100 million loan facility to WhiteFiber, backed by Ethereum credit line

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The Block Editorial

(08:35 AM UTC)

1 min read

Approved byMichael Roberts

1140 views

0 comments

Bit Digital announced on Wednesday that it is extending a $100 million delayed-draw term loan facility to a subsidiary of its majority-owned WhiteFiber, a New York-based AI infrastructure and high-performance computing provider.

The facility, which can be expanded to $150 million upon mutual agreement, is designed to support WhiteFiber's near-term high-performance computing and AI…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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