Bit Digital’s subsidiary specializing in high-performance computing (HPC), WhiteFiber Inc., has announced a credit agreement with the Royal Bank of Canada (RBC) for up to CAD 60 million. These funds will support the expansion of its Tier-3 certified data center network focused on AI workloads.
The deal, described by the company as a “milestone for the industry,” includes a real estate loan, equipment financing, and a revolving credit line, all structured with interest based on the Canadian Overnight Repo Rate Average (CORRA) plus 250 basis points, with a three-year term. Demonstrating financial strength, the credit is non-recourse to WhiteFiber or its parent company, Bit Digital, protecting their balance sheets from potential risks.
Non-dilutive funding in a growing market
“This agreement is a clear sign of confidence in our business model, assets, and execution capabilities,” stated Bit Digital CEO Sam Tabar. “We believe no other company bridging cloud HPC and data centers has secured funding of this nature.”
Tabar also emphasized the importance of these non-dilutive operations, which allow for growth without issuing new shares or compromising ownership control. “Our goal is to scale our infrastructure to meet the global surge in demand for AI computational capacity. Securing support from RBC, Canada’s largest bank, is a significant strategic boost.”
The loan was structured in partnership with ENOVUM Data Centers Corp., a Canadian operator collaborating with WhiteFiber on the Montreal II project, which is also a borrower and guarantor in the agreement.
AI and infrastructure: a strategic pairing
This news comes amid a global race to expand AI computing capacity, driven by large-scale language models, autonomous reasoning systems, scientific simulations, and cloud generative services.
Recently, WhiteFiber made headlines with the acquisition of nearly one million square feet of industrial land in North Carolina, where it will develop a data center campus with up to 200 MW of power, also focused on AI. With this new Canadian credit line, the company is consolidating its bi-national growth strategy, diversifying its geographic footprint and funding sources.
Institutional confidence and regulated progress
The RBC agreement includes standard conditions common to such transactions and will be detailed in an upcoming Form 8-K filing with the U.S. Securities and Exchange Commission (SEC). This regulatory transparency is crucial for reinforcing investor and partner confidence, especially in an environment where funding for tech projects has become more selective.
WhiteFiber, a wholly owned subsidiary of Bit Digital, has quickly positioned itself as an emerging player in the HPC data center market, combining strategic assets, partnerships with GPU providers, and a focus on meeting the technical demands of modern AI.
The context: the rise of next-generation data centers
The funding arrives as data centers undergo significant structural transformation. Unlike traditional models focused on web hosting or generic processing, new Tier-3 centers for AI require:
- Ultra-reliable power supplies with N+1 redundancy or higher
- Liquid cooling solutions for high-density racks
- Ultra-fast interconnection networks like InfiniBand or 800 Gb/s Ethernet
- Geographic proximity to urban nodes and data sources to reduce latency
Industry data indicates that global investment in AI-specific data centers will exceed $200 billion over the next decade, driven by companies like NVIDIA, Google, Microsoft, AWS, and independent operators such as WhiteFiber and CoreWeave.
A long-term commitment
While the company reminds investors that all investments carry risks—details of which are in its regulatory filings—it also clarifies that its strategy is deliberate and sustained. By opting for asset-backed credit and avoiding equity dilution, WhiteFiber reinforces its position as a reliable and agile provider of critical infrastructure for the new era of computing.
With backing from Canada’s largest bank and a clear growth roadmap, WhiteFiber joins the ranks of players shaping the physical infrastructure that will host the AI of the future.