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

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.

News Market Reaction – WYFI

+1.90%

10 alerts

+1.90% Session close to close

-2.7% Trough in 11 min

$1.16B Market Cap

0.1x Rel. Volume

In the May 28 session, WYFI gained 1.90%, reflecting a mild positive market reaction. Argus tracked a trough of -2.7% from its starting point during tracking. Our momentum scanner triggered 10 alerts that day, indicating notable trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement adds a $100 million delayed draw facility, expandable to $150 million, giving Whit...

Analysis

This announcement adds a $100 million delayed draw facility, expandable to $150 million, giving WhiteFiber more flexibility to fund near-term AI and data center growth while it pursues permanent financing for projects like NC-1. In context of recent multi-year AI contracts and sizeable capital spending, the facility fits an aggressive buildout strategy. Investors may watch subsequent financing terms, deployment pace, and updates from recent SEC filings for signals on balance sheet risk and execution.

Key Figures

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

2 metrics

Delayed draw facility $100 million New term loan facility with Bit Digital Capital

Upsize option $150 million Maximum facility size upon mutual agreement

Historical Context

5 past events · Latest: May 21 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 21	AI compute agreement	Positive	+2.2%	Five-year AI compute deal over $160M with investment-grade customer.
May 14	Partner earnings	Negative	-19.3%	Bit Digital Q1 revenue decline and large net loss with weaker segments.
May 14	Quarterly earnings	Positive	+10.9%	Q1 revenue growth, strong margins, new contracts and expanded financing.
May 11	IR leadership change	Positive	+27.0%	Bit Digital appointed new IR head while keeping support for WhiteFiber.
May 08	Earnings call notice	Neutral	+4.8%	Announcement of upcoming Q1 2026 earnings conference call logistics.

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

Pattern Detected

Recent news, especially growth and AI-related announcements, has generally coincided with positive price reactions, with no clear instances of negative divergence in the provided history.

Recent Company History

Over the last few months, WhiteFiber has combined rapid AI/HPC growth with expanding financing options. Q1 2026 results on May 14 showed revenue of $21.9 million and triggered a 10.95% rise. An AI compute agreement above $160 million on May 21 led to a 2.17% gain. Even logistical items like the Q1 earnings call on May 8 saw a 4.78% move. Today’s funding facility fits this pattern of growth-plus-financing catalysts supporting the stock.

Key Terms

delayed draw term loan facility, permanent financing, credit facility, general corporate purposes, +1 more

5 terms

delayed draw term loan facility financial

"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.

permanent financing financial

"bridging timing gaps between the start of a project and closing its associated permanent financing"

Permanent financing is long-term funding meant to stay in place for the life of an asset or business need, replacing short-term or temporary loans. Think of swapping a temporary ladder for a permanent staircase: it reduces the need to refinance, stabilizes payments and cash flow, and gives investors clearer visibility on interest costs, repayment risk and the company’s ability to fund operations or growth over time.

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.

general corporate purposes financial

"intends to use the proceeds for general corporate purposes, which may include the completion"

"General corporate purposes" refer to the broad range of activities and expenses a company can use its funds for to support its overall operations and growth. This can include things like paying bills, investing in new projects, or strengthening its financial position. For investors, understanding this term helps clarify how a company plans to use its resources to sustain and expand its business over time.

high-performance computing technical

"provider of AI infrastructure and high-performance computing solutions"

A cluster of very powerful computers, special chips and fast networks designed to tackle huge, complex calculations far faster than a normal PC — like replacing a single delivery van with a synchronized fleet to move a city’s worth of packages. For investors, high-performance computing matters because it enables faster product development, more accurate simulations and data analysis, and new revenue streams for hardware, software and services, making firms that supply or use it potentially more competitive and scalable.

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

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.