Bit Digital, Inc (BTBT) Form 8-K — May 27, 2026
Bit Digital (BTBT) announced a $100 million delayed draw term loan facility for its majority-owned subsidiary WhiteFiber (WYFI), aimed at funding the buildout of an AI/HPC data center in North Carolina. The facility allows for draws up to $150 million and carries an initial interest rate of 9.5%, stepping down to 8% upon completion of Phase I buildout and leasing targets. To fund the initial $50 million advance, Bit Digital drew on a Master Digital Currency Loan Agreement with Galaxy Digital LLC, secured by Ethereum collateral. This structure allows Bit Digital to retain ETH exposure while earning a financing spread that management believes exceeds traditional ETH staking yields.
Key figures
- Debt Amount
- 50000000
- Interest Rate
- 5.45
- Moic multiple
- 1.1
- Commitment fee
- 0.5
- Term loan max size
- 150000000
- Original issue discount
- 3
- Term loan facility size
- 100000000
- B riley assignment amount
- 20000000
- Term loan interest rate initial
- 9.5
- Term loan interest rate step down
- 8
Price after filing
Close on the filing date to close N calendar days later (from $2.03). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.