WhiteFiber, Inc. Announces C$60 Million Credit Facility with Royal Bank of Canada for Data Centers
WhiteFiber Inc., a wholly-owned HPC subsidiary of Bit Digital (NASDAQ: BTBT), has secured a landmark C$60 million credit facility from the Royal Bank of Canada for its data centers business. The financing agreement includes a real estate term loan, equipment financing, and a revolving facility, carrying interest rates of CORRA plus 250 bps with a 3-year term.
The non-recourse credit agreement involves ENOVUM Data Centers Corp. and its Montreal II project as borrowers and guarantors. The proceeds will support the expansion of WhiteFiber's Tier-3 AI data center portfolio. CEO Sam Tabar highlighted this as a breakthrough achievement, noting it as the first financing of its kind in the HPC Cloud and data centers sector.
WhiteFiber Inc., una sussidiaria interamente controllata di HPC di Bit Digital (NASDAQ: BTBT), ha ottenuto una storica linea di credito da 60 milioni di dollari canadesi dalla Royal Bank of Canada per la sua attivit脿 di data center. L'accordo di finanziamento comprende un prestito a termine immobiliare, finanziamento per attrezzature e una linea di credito revolving, con tassi di interesse pari a CORRA pi霉 250 punti base e una durata di 3 anni.
Il contratto di credito non ricorrente coinvolge ENOVUM Data Centers Corp. e il suo progetto Montreal II come mutuatari e garanti. I fondi saranno utilizzati per supportare l'espansione del portafoglio di data center AI Tier-3 di WhiteFiber. Il CEO Sam Tabar ha sottolineato che si tratta di un risultato rivoluzionario, definendolo il primo finanziamento di questo tipo nel settore HPC Cloud e data center.
WhiteFiber Inc., una subsidiaria de HPC de propiedad total de Bit Digital (NASDAQ: BTBT), ha asegurado una hist贸rica l铆nea de cr茅dito de 60 millones de d贸lares canadienses del Royal Bank of Canada para su negocio de centros de datos. El acuerdo de financiamiento incluye un pr茅stamo a plazo inmobiliario, financiamiento de equipos y una l铆nea de cr茅dito revolvente, con tasas de inter茅s de CORRA m谩s 250 puntos base y un plazo de 3 a帽os.
El acuerdo de cr茅dito sin recurso involucra a ENOVUM Data Centers Corp. y su proyecto Montreal II como prestatarios y garantes. Los fondos apoyar谩n la expansi贸n del portafolio de centros de datos AI Tier-3 de WhiteFiber. El CEO Sam Tabar destac贸 que se trata de un logro innovador, se帽al谩ndolo como el primer financiamiento de este tipo en el sector HPC Cloud y centros de datos.
WhiteFiber Inc.电� Bit Digital (NASDAQ: BTBT)鞚� 鞝勳暋 於滌瀽 HPC 鞛愴殞靷靹�, 雿办澊韯� 靹柬劙 靷梾鞚� 鞙勴暣 旌愲倶雼� 鞕曤鞚�頄�(Royal Bank of Canada)鞙茧攵�韯� 須嶊赴鞝侅澑 6,000毵� 旌愲倶雼� 雼煬 鞁犾毄 鞁滌劋鞚� 頇曤炒頄堨姷雼堧嫟. 鞚� 旮堨湹 瓿勳暯鞐惖鐢 攵�霃欖偘 鞛リ赴 雽�於�, 鞛ル箘 旮堨湹, 攴鸽Μ瓿� 須岇爠 鞁犾毄 鞁滌劋鞚� 韽暔霅橂┌, 旮堧Μ电� CORRA鞐� 250bps毳� 雿旐暅 靾橃鞚搓碃 3雲� 毵岅赴鞛呺媹雼�.
牍勳唽甑� 鞁犾毄 瓿勳暯鞐惖鐢 ENOVUM Data Centers Corp.鞕� 氇姼毽槵 II 頂勲鞝濏姼臧� 彀毄鞚� 氚� 氤挫鞚胳溂搿� 彀胳棳頃╇媹雼�. 鞛愱笀鞚� WhiteFiber鞚� Tier-3 AI 雿办澊韯� 靹柬劙 韽姼韽措Μ鞓� 頇曥灔鞚� 歆�鞗愴晿电� 雿� 靷毄霅� 鞓堨爼鞛呺媹雼�. CEO Sam Tabar电� 鞚措ゼ HPC 韥措澕鞖半摐 氚� 雿办澊韯� 靹柬劙 攵�氍胳棎靹� 斓滌磮鞚� 鞚挫檧 臧欖潃 旮堨湹 靹标臣搿滌劀 須嶊赴鞝侅澑 靹膘法霛缄碃 臧曥“頄堨姷雼堧嫟.
WhiteFiber Inc., une filiale HPC d茅tenue 脿 100 % par Bit Digital (NASDAQ : BTBT), a obtenu une ligne de cr茅dit historique de 60 millions de dollars canadiens aupr猫s de la Banque Royale du Canada pour son activit茅 de centres de donn茅es. L'accord de financement comprend un pr锚t immobilier 脿 terme, un financement d'茅quipement et une facilit茅 de cr茅dit renouvelable, avec des taux d'int茅r锚t de CORRA plus 250 points de base sur une dur茅e de 3 ans.
Le contrat de cr茅dit non-recourse implique ENOVUM Data Centers Corp. et son projet Montreal II en tant qu'emprunteurs et garants. Les fonds seront utilis茅s pour soutenir l'expansion du portefeuille de centres de donn茅es IA Tier-3 de WhiteFiber. Le PDG Sam Tabar a soulign茅 qu'il s'agit d'une avanc茅e majeure, la qualifiant de premier financement de ce type dans le secteur du HPC Cloud et des centres de donn茅es.
WhiteFiber Inc., eine hundertprozentige HPC-Tochtergesellschaft von Bit Digital (NASDAQ: BTBT), hat eine wegweisende Kreditfazilit盲t in H枚he von 60 Millionen kanadischen Dollar von der Royal Bank of Canada f眉r ihr Rechenzentrums-Gesch盲ft gesichert. Der Finanzierungsvertrag umfasst ein Immobiliendarlehen, Ger盲tefinanzierung und eine revolvierende Kreditlinie mit Zinss盲tzen von CORRA plus 250 Basispunkten bei einer Laufzeit von 3 Jahren.
Der nicht-rekursiv ausgestaltete Kreditvertrag umfasst ENOVUM Data Centers Corp. und ihr Montreal II-Projekt als Kreditnehmer und B眉rgschaftsgeber. Die Mittel werden zur Erweiterung des Tier-3 AI-Rechenzentrums-Portfolios von WhiteFiber verwendet. CEO Sam Tabar hob dies als bahnbrechenden Erfolg hervor und bezeichnete es als die erste Finanzierung dieser Art im HPC Cloud- und Rechenzentrumssektor.
- Secured substantial C$60 million credit facility from Canada's largest bank
- Non-dilutive financing structure preserving shareholder value
- First company in HPC Cloud and data centers sector to secure this type of financing
- Demonstrates strong business model validation from major financial institution
- Enables expansion of Tier-3 AI data center portfolio to meet growing demand
- Additional debt burden with interest rate of CORRA plus 250 bps
- Limited to 3-year term requiring potential refinancing in 2028
- Execution risks associated with data center buildout and expansion
Insights
C$60M non-dilutive credit facility provides significant growth capital while isolating risk, validating WhiteFiber's business model.
The
The comprehensive financing package combines three essential components: a real estate term loan, equipment financing, and a revolving facility. This multifaceted approach delivers flexible capital tailored to the various aspects of data center development. The terms appear competitive with a CORRA plus
What's particularly significant is that this represents institutional validation from Canada's largest bank - a meaningful endorsement of WhiteFiber's business model, asset quality, and execution capability. In the capital-intensive data center sector, securing non-dilutive financing preserves existing shareholder equity while providing growth capital.
The company can now accelerate its Tier-3 AI data center portfolio expansion without issuing additional shares. With the AI compute market experiencing robust demand growth, this financing positions WhiteFiber to strengthen its infrastructure capabilities precisely when market conditions favor expansion. The 3-year term provides a reasonable operational runway while the non-recourse structure effectively shields the parent company from direct liability.
The credit agreement, among RBC and ENOVUM Data Centers Corp. and its Montreal II project as borrowers and guarantors, is non-recourse to WhiteFiber or Bit Digital. It encompasses a real estate term loan, equipment financing, and a revolving facility. The facilities carry interest rates of CORRA plus 250 bps and a 3-year term.
"This financing is a breakthrough for WhiteFiber and our sector," said CEO Sam Tabar. "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."
"It also reflects our ongoing efforts to unlock non-dilutive capital and scale data center infrastructure to meet growing demand for AI compute. We're grateful to RBC for their support and partnership as we continue advancing our strategic priorities."
The credit agreement includes customary terms and conditions. Additional details will be available in a Current Report on Form 8-K to be filed with the
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