TechFlow News, May 28: According to The Block, Bit Digital announced a $100 million delayed-draw term loan to a subsidiary of WhiteFiber, its majority-owned AI infrastructure company. The facility may be expanded to $150 million upon mutual agreement between the parties, to support WhiteFiber’s recent high-performance computing and AI expansion initiatives. Bit Digital stated that the loan proceeds will be disbursed, in whole or in part, via an Ethereum-denominated secured credit facility, enabling the company to retain its ETH exposure while earning a financing spread.
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