Bit Digital committed $100 million toward WhiteFiber’s expanding artificial intelligence infrastructure operations. The company strengthened its Ethereum treasury strategy while reducing Bitc
Bit Digital has committed $100 million to expand WhiteFiber’s AI infrastructure operations while strengthening its Ethereum-backed financing strategy. The company said the delayed-draw loan facility will support growth in high-performance computing as Bit Digital continues to move away from Bitcoin mining activities.
According to the company, the financing agreement supports a subsidiary of WhiteFiber, Bit Digital’s majority-owned artificial intelligence infrastructure business based in New York. Additionally, both parties can increase the facility to $150 million by mutual agreement as expansion plans continue to develop across the company’s AI computing operations.
Bit Digital explained that the financing structure allows the company to preserve Ethereum exposure while generating additional income from the loan arrangement. Consequently, the company expects to fund advances partly through an Ethereum-denominated secured credit facility tied directly to its broader treasury management strategy.
CEO Sam Tabar said the transaction reflects Bit Digital’s disciplined approach toward capital allocation and artificial intelligence investments. Moreover, he stated that the financing strategy could generate returns exceeding traditional Ethereum staking yields while supporting the company’s expanding infrastructure objectives.
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The latest financing deal strengthens Bit Digital’s broader transition toward artificial intelligence infrastructure and high-performance computing services. Besides supporting WhiteFiber’s operations, the agreement also reinforces the company’s increasing focus on Ethereum-based financial strategies and long-term infrastructure development.
Earlier this year, Bit Digital confirmed plans to completely exit Bitcoin mining operations after entering the industry in 2020. At the time, Tabar explained that mining no longer represented the company’s most efficient use of capital compared with artificial intelligence infrastructure opportunities and yield-generating financial strategies.
The company also consolidated its digital asset exposure around Ethereum as part of the restructuring effort. Consequently, Bit Digital positioned WhiteFiber as a central component of its long-term expansion strategy within the growing AI computing sector.
Bit Digital reported $27.9 million in total revenue during the first quarter of 2026, although the figure represented a 13.6% decline compared with the previous quarter as the company continued restructuring several business operations. The company also posted a net loss of $146.7 million during the quarter, although the result improved from the $185.3 million net loss recorded during the prior quarter, showing moderate progress throughout the transition period.
Meanwhile, Bit Digital shares closed at $2.03 on Wednesday, representing a 2.01% increase during the trading session. Investors continued monitoring the company’s transition toward artificial intelligence infrastructure operations and Ethereum-linked financing activities tied to WhiteFiber’s expansion plans.
The WhiteFiber financing arrangement now places Bit Digital deeper within the growing AI infrastructure market. Furthermore, the company continues prioritizing computing expansion and Ethereum-backed financial strategies while reducing exposure to traditional cryptocurrency mining operations. Bit Digital’s latest WhiteFiber financing deal highlights the company’s continued shift toward artificial intelligence infrastructure and Ethereum-focused treasury management.
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