Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Bit Digital, Inc incurred term loan of up to $100 million, which may be increased to $150 million with Enovum NC-1 Venture, LLC (Borrower) and White Fiber Operating Partnership LP (Guarantor) at 9.5% per annum before the Rate Step Down Event, and 8% thereafter maturing nine months or, if extended, for an additional three months.
- Instrument
- term loan
- Principal
- up to $100 million, which may be increased to $150 million
- Counterparty
- Enovum NC-1 Venture, LLC (Borrower) and White Fiber Operating Partnership LP (Guarantor)
- Rate
- 9.5% per annum before the Rate Step Down Event, and 8% thereafter
- Maturity
- nine months or, if extended, for an additional three months
- Event
- incurrence
Exact text from the filing
subject to the timing of the closing of permanent financing, as well as other growth initiatives. The Term Loan provides for loans in an aggregate principal amount of up to $100 million, which may be increased to $150 million (the “Facility Size”) upon mutual agreement of the parties. The term of the Term Loan (the “Facility Availability Period”) is for nine
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Bit Digital, Inc entered into Delayed Draw Term Loan Facility and Security Agreement with Enovum NC-1 Venture, LLC (Borrower) and White Fiber Operating Partnership LP (Guarantor) valued at up to $100 million, which may be increased to $150 million (effective 2026-05-20).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Enovum NC-1 Venture, LLC (Borrower) and White Fiber Operating Partnership LP (Guarantor)
- Value
- up to $100 million, which may be increased to $150 million
- Effective
- 2026-05-20
Exact text from the filing
On May 20, 2026 (the “Effective Date”), Bit Digital, Inc.’s (the “Company”) wholly-owned subsidiary, Bit Digital Capital, Inc. (the “Lender”), a Delaware corporation, entered into an inter-company Delayed Draw Term Loan Facility and Security Agreement (the “Term Loan”) with Enovum NC-1 Venture, LLC (the “Borrower”), a Delaware limited liability company and an indirect wholly-owned subsidiary of White Fiber Operating Partnership LP, a Delaware limited partnership (the “Guarantor”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Bit Digital, Inc entered into Assignment and Assumption Agreement with B. Riley Securities, Inc. valued at $20 million portion of an Advance (effective 2026-05-26).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- B. Riley Securities, Inc.
- Value
- $20 million portion of an Advance
- Effective
- 2026-05-26
Exact text from the filing
On May 26, 2026, the Lender assigned a $20 million portion of an Advance under the Term Loan to B. Riley Securities, Inc. (“B. Riley”), a Delaware corporation, pursuant to an Assignment and Assumption Agreement (the “Assignment Agreement”) by and between the Lender and B. Riley.
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