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Bit Digital Unit Secures Credit Agreement From RBC for Up to $43.7 Million
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Bit Digital Unit Secures Credit Agreement From RBC for Up to $43.7 Million
Jun 23, 2025 1:55 PM

04:36 PM EDT, 06/23/2025 (MT Newswires) -- Bit Digital's ( BTBT ) WhiteFiber unit secured a 60 million Canadian dollar ($43.7 million) credit facility from the Royal Bank of Canada ( RY ) to expand its high-performance computing and artificial intelligence-focused data center portfolio.

The financing package comprises a real estate term loan, equipment financing and a revolving credit facility, WhiteFiber said Monday in a statement.

The facility is non-recourse to both WhiteFiber and Bit Digital ( BTBT ).

The facilities bear interest at Canadian Overnight Repo Rate Average plus 250 basis points and carry a three-year term.

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