WhiteFiber Secures $100 Million Delayed Draw Facility to Support Near-Term Growth Initiatives

WhiteFiber (Nasdaq: WYFI) entered into a $100 million delayed draw term loan facility with Bit Digital Capital, a subsidiary of Bit Digital (Nasdaq: BTBT).

Rhea-AI Summary

WhiteFiber (Nasdaq: WYFI) entered into a $100 million delayed draw term loan facility with Bit Digital Capital, a subsidiary of Bit Digital (Nasdaq: BTBT). The facility can increase to $150 million and is designed to support near-term growth in data centers and cloud services.

According to WhiteFiber, the proceeds may fund general corporate purposes, including the first phase buildout of an HPC data center in Madison, North Carolina, alongside other growth initiatives and permanent financing efforts.

Positive

• $100 million delayed draw term loan facility secured to fund near-term growth
• Option to increase facility size to $150 million upon mutual agreement
• Proceeds may support buildout of first phase Madison, North Carolina HPC data center
• Additional financial flexibility to bridge timing gaps before permanent financing closes
• Financing complements expanded credit facility with Royal Bank of Canada and NC-1 permanent financing efforts

Negative

• None.

Market Context

This announcement details a $100 million delayed draw term loan facility, potentially rising to $150...

Analysis

This announcement details a $100 million delayed draw term loan facility, potentially rising to $150 million, to fund WhiteFiber’s AI and HPC expansion and bridge projects to permanent financing. For Bit Digital, which holds a majority stake in WhiteFiber, this adds another tool to support contracted capacity and infrastructure buildout. Investors may watch how quickly the facility is drawn, the progress of NC-1 financing, and overall execution on AI infrastructure growth plans.

Key Figures

Delayed draw facility: $100 million Upsize option: $150 million

Delayed draw facility

$100 million

Size of term loan facility with Bit Digital Capital

Upsize option

$150 million

Maximum facility size upon mutual agreement

Historical Context

5 past events · Latest: May 14

5 events

1. May 14

   Q1 2026 earnings

   24h Move

   -15.3%

   Q1 2026 results with revenue decline and large net loss.

2. May 11

   Management change

   24h Move

   +19.4%

   Appointment of new Head of Investor Relations to support strategy.

3. May 07

   Earnings date set

   24h Move

   -1.6%

   Announcement of Q1 2026 earnings release and conference call timing.

4. Apr 07

   ETH metrics update

   24h Move

   -3.7%

   Monthly Ethereum treasury and staking metrics disclosure.

5. Mar 31

   FY 2025 earnings

   24h Move

   +5.3%

   Fiscal 2025 results and strategic shift to ETH and WhiteFiber.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

delayed draw term loan facility, non-dilutive permanent financing, credit facility, hpc data center

4 terms

delayed draw term loan facility financial

"it has entered into a $100 million delayed draw term loan facility with Bit Digital Capital"

A delayed draw term loan facility is a committed loan that a borrower can tap in one or more installments at specified future times after meeting agreed conditions, rather than receiving the full amount upfront. For investors it matters because it provides a ready source of cash that can change a company’s financial strength, leverage and interest costs when drawn—similar to having a reserved credit line you can use later, which affects liquidity and the risk profile of the business.

non-dilutive permanent financing financial

"we continue to advance non-dilutive permanent financing solutions, including our recently expanded"

Long-term funding a company secures without issuing new shares or reducing existing owners’ percentage ownership, typically through loans, royalties, asset sales, government grants, or other cash arrangements that don’t create additional stock. Investors care because it preserves existing ownership and earnings per share while providing durable cash for operations or growth, much like borrowing a mortgage to buy a house instead of selling pieces of the house to raise money.

credit facility financial

"including our recently expanded and amended credit facility with the Royal Bank of Canada"

A credit facility is a flexible loan arrangement that allows a borrower to access funds up to a set limit whenever needed, similar to a company having an overdraft option on a bank account. It matters to investors because it indicates how easily a business can secure cash when required, affecting its ability to manage expenses, invest, or respond to financial challenges.

hpc data center technical

"buildout of the first phase of an HPC data center located in Madison, North Carolina"

An HPC data center is a facility built to run very large, fast computing systems that solve complex problems like scientific simulations, financial modeling or AI training; it combines racks of powerful processors, lots of memory and fast networking to handle massive workloads. For investors, it matters because these centers enable services that command premium pricing, require large upfront capital and ongoing energy costs, and can drive revenue growth or competitive advantage much like a factory that produces high-value, specialized products.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, May 27, 2026 /PRNewswire/ -- WhiteFiber, Inc. (Nasdaq: WYFI) ("WhiteFiber" or the "Company"), a leading provider of AI infrastructure and high-performance computing solutions, today announced that it has entered into a $100 million delayed draw term loan facility with Bit Digital Capital, Inc., a wholly owned subsidiary of Bit Digital, Inc. (Nasdaq: BTBT). The facility may be increased to $150 million upon mutual agreement of the parties. B. Riley Securities, Inc. purchased a portion of the term loans under the facility from Bit Digital Capital, Inc.

The facility is intended to provide WhiteFiber with additional financial flexibility to support near-term growth initiatives in both its data centers and cloud services businesses.

"This facility gives WhiteFiber added flexibility to pursue near-term growth initiatives by bridging timing gaps between the start of a project and closing its associated permanent financing. Meanwhile, we continue to advance non-dilutive permanent financing solutions, including our recently expanded and amended credit facility with the Royal Bank of Canada, and ongoing progress on the permanent financing for NC-1, which we continue to expect to be completed in the near-term," said Sam Tabar, Chief Executive Officer of WhiteFiber. "Our focus remains on disciplined execution, bringing contracted capacity online, and building a scalable infrastructure platform for the next generation of AI workloads."

The facility is structured as a delayed draw term loan facility. The company intends to use the proceeds for general corporate purposes, which may include the completion of the buildout of the first phase of an HPC data center located in Madison, North Carolina, being developed by affiliates of the company, subject to the timing of the closing of permanent financing, as well as other growth initiatives.

About WhiteFiber, Inc.

WhiteFiber is a provider of artificial intelligence ("AI") infrastructure solutions. WhiteFiber owns high-performance computing data centers and provides cloud services to customers. Our vertically integrated model combines specialized colocation, hosting, and cloud services engineered to maximize performance, efficiency, and margin for generative AI workloads. For more information, visit www.whitefiber.com. Follow us on LinkedIn and X @WhiteFiber.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. Such statements include, but are not limited to, statements about the intended use of proceeds from the facility, the potential increase of the facility to $150 million, the Company's pursuit of growth initiatives across its data centers and cloud services businesses, the Company's ability to secure additional non-dilutive capital solutions, the timing for completion of the initial phase at our NC-1 facility, our ability to obtain financing on favorable terms, the expected completion of permanent financing for NC-1, the anticipated timing and deployment of the information technology load, our ability to bring contracted capacity online and build a scalable infrastructure platform, our position and ability to support AI infrastructure demand, and our ability to capture the next phase of growth in AI infrastructure. These statements are based on current expectations and involve risks and uncertainties that may cause actual results to differ materially. These statements may be identified by words such as "will likely result," "are expected to," "will continue," "will allow us to," "is anticipated," "estimated," "expected," "believe," "intend," "plan," "projection," "outlook" or words of similar meaning. These forward-looking statements are based upon the current beliefs and expectations of the Company's management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. There can be no assurance that the forward-looking statements contained herein are reflective of future performance to any degree. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance. For a more detailed discussion of risk factors that could affect the Company's results, please refer to the Company's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The Company undertakes no obligation to update any forward-looking statements except as required by law. All forward-looking statements speak only as of the date of this press release.

Investor Contact
WhiteFiber
IR@whitefiber.com

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SOURCE WhiteFiber, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did WhiteFiber (WYFI) announce about its new $100 million loan facility?

WhiteFiber announced a $100 million delayed draw term loan facility with Bit Digital Capital. According to WhiteFiber, the funding will support near-term growth initiatives across its data centers and cloud services, providing flexibility before associated permanent financing is completed.

How could the $100 million WhiteFiber loan facility affect Bit Digital (BTBT) investors?

Bit Digital’s subsidiary Bit Digital Capital is the lender under WhiteFiber’s new facility. According to WhiteFiber, B. Riley Securities purchased a portion of the term loans, indicating third-party participation that BTBT investors may monitor when assessing Bit Digital’s capital deployment and counterparty exposure.

Can WhiteFiber increase the size of its new loan facility beyond $100 million?

Yes, WhiteFiber may increase the facility from $100 million to $150 million upon mutual agreement. According to WhiteFiber, this potential expansion offers added flexibility to fund future data center and cloud services projects depending on capital needs and financing conditions.

How will WhiteFiber use the proceeds from the $100 million delayed draw facility?

WhiteFiber plans to use the facility for general corporate purposes and growth. According to WhiteFiber, uses may include completing the first phase of an HPC data center in Madison, North Carolina, subject to timing of permanent financing and other near-term initiatives.

What is the strategic purpose of WhiteFiber’s delayed draw term loan structure?

The delayed draw structure lets WhiteFiber access funds over time as projects advance. According to WhiteFiber, it helps bridge timing gaps between project starts and the closing of permanent financing, supporting a disciplined rollout of AI infrastructure capacity and cloud services.

How does the new facility relate to WhiteFiber’s NC-1 permanent financing plans?

WhiteFiber describes the facility as complementing ongoing permanent financing efforts, including NC-1. According to WhiteFiber, it continues to expect NC-1 permanent financing to be completed in the near term, while the new loan supports execution and bridging needs during that process.

What role does B. Riley Securities play in WhiteFiber’s $100 million facility?

B. Riley Securities purchased a portion of the term loans from Bit Digital Capital. According to WhiteFiber, this participation adds another financial institution to the capital structure surrounding the facility, which may broaden lender relationships as the company executes its AI infrastructure growth plans.