WhiteFiber's Subsidiary Enovum Secures $43.9M Credit Facility with RBC for Quebec Data Center Refinancing
Bit Digital Inc.'s wholly-owned subsidiary, WhiteFiber Inc., through its Canadian subsidiaries, has entered into a significant credit agreement with the Royal Bank of Canada. This agreement provides financing totaling approximately USD $43.9 million, primarily aimed at refinancing the buildout of WhiteFiber's Tier-3 AI data center in Pointe-Claire, Quebec. The financing package includes a USD $18.5 million non-revolving lease facility for equipment costs and improvements, alongside a USD $19.6 million non-revolving real estate term loan to refinance the purchase of the data center. The facilities are structured to support WhiteFiber's expansion without recourse to the parent company, Bit Digital.
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