#Canada #Montreal #Bit Digital #WhiteFiber #Royal Bank of Canada

WhiteFiber Secures C$60 Million Credit Facility

WhiteFiber, Inc., a subsidiary of Bit Digital, Inc. focused on high-performance computing (HPC), has announced an important financial development. On June 23, 2025, the company disclosed that it has successfully entered into a credit agreement with the Royal Bank of Canada (RBC). This agreement allows for financing up to C$60 million, specifically aimed at bolstering WhiteFiber’s ambitions in the data center space.

Financing Details

The funding acquired through this credit facility will play a vital role in the expansion of WhiteFiber’s Tier-3 AI data center operations. These facilities are essential for supporting the growing computational needs driven by trends in artificial intelligence and cloud computing. The agreement involves various financial instruments including a real estate term loan, equipment financing, and a revolving credit facility. Notably, this financing is non-recourse to both WhiteFiber and its parent company, Bit Digital, implying minimal risk to the parent entity.

The agreement outlines an interest rate structured at CORRA plus 250 basis points, with a term extending over three years. This is a significant indicator of the company's confidence in its operational model, which has been underpinned by a commitment to high-quality assets and effective execution.

CEO's Insights

CEO Sam Tabar of WhiteFiber remarked on the significance of this agreement, stating, "This financing is a breakthrough for WhiteFiber and our sector. No other company operating at the intersection of HPC cloud and data centers has secured financing of this nature, to our knowledge." Tabar emphasized that this agreement not only validates WhiteFiber's business model but also reflects the quality of its financial health and infrastructure.

He further added, "It also reflects our ongoing efforts to unlock non-dilutive capital and scale data center infrastructure to meet growing demand for AI compute. We’re grateful to RBC for their support and partnership as we continue advancing our strategic priorities.”

Future Expectations and Reporting

In line with the usual practices for such agreements, standard terms and conditions are set to apply. Details of the credit facility will be documented in a forthcoming Current Report on Form 8-K, which will be filed with the U.S. Securities and Exchange Commission. This will provide investors with a clearer understanding of the financial backing underpinning WhiteFiber’s ambitious growth strategy.

Investment Considerations

However, potential investors should note that investing in securities such as those offered by WhiteFiber carries inherent risks. The company has articulated various risk factors in its annual and quarterly reports, which indicate the possibility of financial downturns or unfavorable outcomes affecting business performance. Thus, thorough due diligence is recommended prior to investment.

In light of these new developments, WhiteFiber appears to be poised for growth in the rapidly evolving landscape of high-performance computing and AI-driven solutions.