secwatch.observer — SEC 8-K summary
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Issuer:     WhiteFiber, Inc. (WYFI)
CIK:        0002042022
Form:       8-K
Filed at:   2026-05-27T21:06:03+00:00
Accession:  0001213900-26-061575
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WhiteFiber secures $100M delayed draw term loan from Bit Digital for HPC data center
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- Secured $100M delayed draw term loan from Bit Digital Capital (Nasdaq: BTBT), expandable to $150M, at 9.5% interest (8% after step-down).
- Proceeds for general corporate purposes, including phase I buildout of 40 MW HPC data center in Madison, NC, pending permanent financing.
- B. Riley Securities purchased a $20M portion of the loan from Bit Digital; loan term is 9 months (extendable by 3 months).
- Loan includes 3% original issue discount, 1.1x minimum repayment (MOIC), and no prepayment penalty.
- Independent committees of both WhiteFiber and Bit Digital approved; fairness opinions received from Needham and Seaport Global.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2042022/000121390026061575/0001213900-26-061575-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2042022/000121390026061575/ea0292280-8k_white.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-061575

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer