Bit Digital Secures $44M Credit Facility from RBC for AI Data Center Expansion
Bitcoin mining and HPC service provider Bit Digital has entered into a C$60 million (~US$44 million) credit facility with the Royal Bank of Canada to support the expansion of its AI-focused infrastructure.
Announced Tuesday, the deal marks the latest strategic financing move by Bit Digital’s HPC subsidiary, WhiteFiber, as it scales its portfolio of Tier 3 data centers to meet rising demand for AI compute.
The financing package comprises a real estate term loan, equipment financing, and a revolving credit facility. All components are structured with a three-year term and carry interest rates set at CORRA plus 250 basis points—currently equivalent to approximately 5.25%, based on recent data.
According to the company, the facility is non-recourse to both WhiteFiber and Bit Digital. Instead, it is backed by ENOVUM Data Centers and its Montreal II project, which serve as the borrower and guarantor entities under the agreement. Bit Digital acquired ENOVUM in a $46 million deal in 2024.
The agreement comes amid a broader trend of Bitcoin miners and crypto infrastructure firms diversifying into AI and cloud services—sectors that require significant upfront capital. Many are increasingly turning to debt markets to fund this shift.
In May, Bit Digital also filed with the SEC to raise up to $500 million via an at-the-market (ATM) equity offering, aiming to further its investments in HPC and cloud services.
