Credit · Tracked as filed as of 2026-05-27
Bit Digital
- Seniority
- Collateralized; margin-call/NAV triggers
- Maturity
- Master 1-yr auto-renew (from 3/27/26)
- Collateral
- USD or digital-currency collateral per term sheet (specifics undisclosed)
- Lenders
- Galaxy Digital LLC
- Pricing
- 5.45% on initial draw (+5% late fee)
- Terms
- $50.0M drawn 5/20/26; facility uncapped, per-loan term sheets
Source: 8-K 5/27/26 · document
- Borrower
- WhiteFiber Operating Partnership (guarantor)
- Seniority
- Secured; WF Operating Partnership guarantee
- Maturity
- ~2026-08-24 — 90 days
- Collateral
- Pledge of Enovum NC-1 Topco stock (NC-1 HPC datacenter, Madison NC)
- Lenders
- B. Riley Securities (by assignment)
- Pricing
- 9.5%, steps to 8% on Phase I completion/80% leased; minimum 1.1x MOIC; PIK option
- Terms
- $20.0M (3% OID)
Source: 8-K 5/27/26 · document
- Borrower
- WhiteFiber
- Seniority
- Secured bank facility; DSCR + leverage covenants
- Maturity
- ~2026-11 — ~6-month bullet
- Collateral
- MTL-3 datacenter (Montreal) acquisition bridge
- Lenders
- Royal Bank of Canada
- Pricing
- CORRA + 2.75% or Prime + 1.00%; interest-only
- Terms
- CAD 28M (~US$20M) facility; CAD 24.2M (~$17.4M) funded 5/8/26 + CAD 8M LC line
Source: Q1-26 10-Q Notes 21/22 · document
- Borrower
- WhiteFiber Iceland
- Seniority
- Secured 1st-ranking; WhiteFiber guarantees
- Maturity
- 2028-03-25 — Extendable to 2030; quarterly amortization
- Collateral
- Pledge of WhiteFiber Iceland shares + GPU/CPU servers, InfiniBand switches
- Lenders
- Landsbankinn hf.
- Pricing
- 3-mo SOFR + 4.25% (0% floor)
- Terms
- Up to $20M; $18.0M drawn 4/24/26
Source: Q1-26 10-Q Notes 12/22 · document
- Borrower
- WhiteFiber (WYFI, ~70.1%-owned; non-recourse to BTBT)
- Seniority
- Senior unsecured at WhiteFiber; non-recourse to BTBT
- Maturity
- 2031-02-01
- Lenders
- U.S. Bank (trustee)
- Pricing
- Coupon from Aug 1, 2026
Source: Q1-26 10-Q Note 12 · document
- Seniority
- Senior unsecured (structurally junior to WhiteFiber)
- Maturity
- 2030-10-01
- Lenders
- U.S. Bank (trustee) · Underwriters: Barclays, Cantor, B. Riley
- Pricing
- Conversion $4.16; holder put Oct 1, 2028
- Terms
- Effective 11.7%
Source: 8-K 10/2/25; 424B5 10/1/25 · document
Collateral classes on this page: out, operator_campus, gpu. The full
ledger, with every issuer and the derived credit series, is on Compute Credit.