{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-057420","form_type":"8-K","ticker":"BTBT","cik":"0001710350","company_name":"Bit Digital, Inc","filed_at":"2025-06-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.425438+00:00","generated_at":"2026-05-18T19:35:09.061357+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Bit Digital subsidiary secures ~$43.9M credit facility from RBC for AI data center","bullets":["Aggregate $43.9M facility includes $18.5M lease facility, $19.6M real estate term loan, and $5.8M revolver.","Proceeds primarily refinance buildout of MTL-2 Tier-3 AI data center in Quebec, expected operational Q4 2025.","WhiteFiber targets 12 MW new gross capacity by end of 2025, total ~16 MW; NC-1 24 MW expected Q1 2026.","Facility is non-recourse to Bit Digital and WhiteFiber; financial covenants include fixed charge coverage ≥1.20:1.","WhiteFiber aims for 76 MW gross data center capacity by end of 2026, backed by 1,300 MW pipeline."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-057420","json":"https://secwatch.observer/filing/0001213900-25-057420.json","markdown":"https://secwatch.observer/filing/0001213900-25-057420.md","text":"https://secwatch.observer/filing/0001213900-25-057420.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1710350/000121390025057420/0001213900-25-057420-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1710350/000121390025057420/ea0246857-8k_bitdigit.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T19:35:09.061357+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"474335a395204eed833e6ff68f44a58421d99dea","claim":"Bit Digital, Inc incurred revolving credit of USD $5.8 million with Royal Bank of Canada maturing 36 month term.","evidence_excerpt":"proceeds are to be used primarily to refinance the buildout of WhiteFiber’s Tier-3 AI data center at 7300 Trans Canada Highway, Pointe-Claire, Quebec (“MTL-2”) as well as USD $5.8 million of revolving term financing (the “Revolver”) (based on the CAD/U.S.$ rate of exchange of CAD1.00/U.S.$0.7308, as reported by Bloomberg on June 18, 2025). The Facility is among","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1710350/000121390025057420/0001213900-25-057420-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"USD $5.8 million"},{"label":"Counterparty","value":"Royal Bank of Canada"},{"label":"Maturity","value":"36 month term"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"943ef207c29f8061841e48fc3639ca752d6e60a1","claim":"Bit Digital, Inc incurred lease obligation of USD $18.5 million with Royal Bank of Canada at fixed based on the rental rate determined by RBC for the three-year term of the maturing three-year term.","evidence_excerpt":"Enovum entered into a three-year USD $18.5 million non-revolving lease facility to finance specific equipment costs, including related installation costs, building improvements and soft costs, and/or sale and leasing of existing equipment.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1710350/000121390025057420/0001213900-25-057420-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"lease obligation"},{"label":"Principal","value":"USD $18.5 million"},{"label":"Counterparty","value":"Royal Bank of Canada"},{"label":"Rate","value":"fixed based on the rental rate determined by RBC for the three-year term of the"},{"label":"Maturity","value":"three-year term"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"ee287b4dc6e4fd2108fd730737e851519b514f81","claim":"Bit Digital, Inc incurred term loan of USD $19.6 million with Royal Bank of Canada at a floating interest rate ranging from RBP plus 0.75% to CORRA (“Canadian Overnig maturing three-year term.","evidence_excerpt":"As part of the Facility, Enovum entered into a three-year USD $19.6 million (based on the CAD/U.S.$ rate of exchange of CAD1.00/U.S.$0.7308, as reported by Bloomberg on June 18, 2025) non-revolving real estate term loan facility.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1710350/000121390025057420/0001213900-25-057420-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"USD $19.6 million"},{"label":"Counterparty","value":"Royal Bank of Canada"},{"label":"Rate","value":"a floating interest rate ranging from RBP plus 0.75% to CORRA (“Canadian Overnig"},{"label":"Maturity","value":"three-year term"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"fe7d7ec5776d2e649a65da363e867fe347cd01af","claim":"Bit Digital, Inc incurred credit facility of up to approximately USD $43.9 million with Royal Bank of Canada at fixed based on the rental rate determined by RBC for the three-year term of the maturing three-year term.","evidence_excerpt":"into a definitive credit agreement (the “Facility”) with the Royal Bank of Canada (“RBC”). The Facility provides for an aggregate of up to approximately USD $43.9 million of financing (based on the CAD/U.S.$ rate of exchange of CAD1.00/U.S.$0.7308, as reported by Bloomberg on June 18, 2025). The proceeds are to be used primarily to refinance the","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1710350/000121390025057420/0001213900-25-057420-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"up to approximately USD $43.9 million"},{"label":"Counterparty","value":"Royal Bank of Canada"},{"label":"Rate","value":"fixed based on the rental rate determined by RBC for the three-year term of the"},{"label":"Maturity","value":"three-year term"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}