Bit Digital provides a $100 million loan to WhiteFiber to support the expansion of AI infrastructure with Ethereum credit

According to The Block, Bit Digital announced a $100 million delayed withdrawal term loan to its controlled AI infrastructure company WhiteFiber's subsidiary, which can be extended to $150 million by mutual agreement, to support WhiteFiber's recent high-performance computing and AI expansion plans.

Bit Digital stated that the loan funds will be disbursed partially or fully through an Ethereum-denominated secured credit facility, allowing the company to earn financing spreads while maintaining ETH exposure.