Related-party term loan facility from Bit Digital Capital
Company: WhiteFiber
The claim, verbatim
WhiteFiber subsidiary Enovum NC-1 Venture has a related-party delayed draw term loan from Bit Digital Capital, a Bit Digital subsidiary, for up to $100 million, which may be increased to $150 million by mutual agreement.
Source (primary)
Parent Bit Digital's roughly 59.7% stake can approve every proposal at WhiteFiber (WYFI). - Stock Titan (-, news_article)
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Quote: “WhiteFiber subsidiary Enovum NC-1 Venture has a related-party term loan from Bit Digital Capital, a subsidiary of Bit Digital, providing for up to $100 million, potentially increased to $150 million by mutual agreement.”
How we checked this
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Additional evidence
confirms Parent Bit Digital's roughly 59.7% stake can approve every proposal at WhiteFiber (WYFI). - Stock Titan
Quote: “WhiteFiber subsidiary Enovum NC-1 Venture has a related-party term loan from Bit Digital Capital, a subsidiary of Bit Digital, providing for up to $100 million, potentially increased to $150 million by mutual agreement.”