WhiteFiber, Inc., a Bit Digital Subsidiary, Secures C$60 Million Credit Facility with Royal Bank of Canada for Data Center Expansion

Reuters

Jun 24, 2025

WhiteFiber, Inc., a Bit Digital Subsidiary, Secures C$60 Million Credit Facility with Royal Bank of Canada for Data Center Expansion

Bit Digital Inc.'s wholly-owned subsidiary, WhiteFiber, Inc., has announced a significant new credit agreement with the Royal Bank of Canada to finance its data center operations. The agreement provides up to C$60 million in financing, which will be used to further develop WhiteFiber's Tier-3 AI data center portfolio. This non-recourse credit agreement, involving ENOVUM Data Centers Corp. and its Montreal II project as borrowers and guarantors, includes a real estate term loan, equipment financing, and a revolving facility. The interest rates are set at CORRA plus 250 basis points, with a three-year term. CEO Sam Tabar highlighted this financing as a landmark achievement in the HPC Cloud and data center sector, emphasizing its role in scaling infrastructure to meet growing AI demand. Additional details will be disclosed in a forthcoming report to the U.S. Securities and Exchange Commission.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bit Digital Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN15325) on June 23, 2025, and is solely responsible for the information contained therein.

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