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.