Bit Digital announced on Wednesday that it is extending a $100 million delayed-draw term loan facility to a subsidiary of its majority-owned WhiteFiber, a New York-based AI infrastructure and high-performance computing provider. 

The facility, which can be expanded to $150 million upon mutual agreement, is designed to support WhiteFiber's near-term high-performance computing and AI expansion initiatives, according to a statement. 

Bit Digital said it expects advances under the facility to be funded in whole or in part through drawings against an Ethereum-denominated secured credit facility. The arrangement allows the company to retain ETH exposure while earning a financing spread on the loan asset.

"This transaction reflects a disciplined and differentiated capital allocation approach that further supports our existing AI Infrastructure investment thesis, as expressed through our holdings of WhiteFiber, while pursuing attractive risk-adjusted economics for our treasury that we believe exceed traditional ETH staking yields," Bit Digital CEO Sam Tabar said.

The deal arrives as Bit Digital has fully exited its bitcoin mining business. In January, the company announced plans to completely wind down mining operations, a business it entered in 2020.

Tabar wrote in a letter to shareholders at the time that mining "became a less efficient use of capital" relative to opportunities offering active participation and yield generation. The company consolidated its digital asset exposure into Ethereum and prioritized its AI infrastructure stake in WhiteFiber.

In the first quarter of 2026, Bit Digital reported $27.9 million in total revenue, down 13.6% from Q4 2025. The company posted a net loss of $146.7 million for Q1, compared with a $185.3 million net loss in the previous quarter. 

Shares of Bit Digital closed at $2.03 on Wednesday, up 2.01% for the session, according to The Block's BTBT price page.