---
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"
generated_at: "2026-05-18T19:35:09.061357+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bit Digital subsidiary secures ~$43.9M credit facility from RBC for AI data center

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-057420
- JSON: https://secwatch.observer/filing/0001213900-25-057420.json
- Plain text: https://secwatch.observer/filing/0001213900-25-057420.txt

## Key facts
- Debt Financings
  Bit Digital, Inc incurred revolving credit of USD $5.8 million with Royal Bank of Canada maturing 36 month term.
  - Instrument: revolving credit
  - Principal: USD $5.8 million
  - Counterparty: Royal Bank of Canada
  - Maturity: 36 month term
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1710350/000121390025057420/0001213900-25-057420-index.htm
- Debt Financings
  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.
  - Instrument: lease obligation
  - Principal: USD $18.5 million
  - Counterparty: Royal Bank of Canada
  - Rate: fixed based on the rental rate determined by RBC for the three-year term of the
  - Maturity: three-year term
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1710350/000121390025057420/0001213900-25-057420-index.htm
- Debt Financings
  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.
  - Instrument: term loan
  - Principal: USD $19.6 million
  - Counterparty: Royal Bank of Canada
  - Rate: a floating interest rate ranging from RBP plus 0.75% to CORRA (“Canadian Overnig
  - Maturity: three-year term
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1710350/000121390025057420/0001213900-25-057420-index.htm
- Debt Financings
  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.
  - Instrument: credit facility
  - Principal: up to approximately USD $43.9 million
  - Counterparty: Royal Bank of Canada
  - Rate: fixed based on the rental rate determined by RBC for the three-year term of the
  - Maturity: three-year term
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1710350/000121390025057420/0001213900-25-057420-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.