Bit Digital subsidiary WhiteFiber secures C$60M financing from RBC for AI data center
Published: 16:17 23 Jun 2025 EDT
WhiteFiber, the high-performance computing (HPC) subsidiary of Bit Digital Inc (NASDAQ:BTBT), said on Monday it has entered into a definitive credit agreement with Royal Bank of Canada to secure up to C$60 million in financing for its data center business.
The credit facility, which supports the continued development of WhiteFiber’s Tier-3 AI data centers, includes a real estate term loan, equipment financing, and a revolving facility. It carries an interest rate of CORRA plus 250 basis points and has a three-year term.
The agreement is non-recourse to WhiteFiber and Bit Digital, with ENOVUM Data Centers Corp. and its Montreal II project listed as the borrowers and guarantors.
“This financing is a breakthrough for WhiteFiber and our sector,” said Sam Tabar, CEO of WhiteFiber.
“No other company operating at the intersection of HPC Cloud and data centers has secured financing of this nature, to our knowledge. We believe that this is a strong endorsement of our business model, the quality of our assets, balance sheet, and ability to execute.”
Tabar added that the deal reflects growing investor confidence in the company’s business model and balance sheet and helps advance its strategy to scale infrastructure for AI computing without diluting shareholders.
