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Bit Digital has released its financial results report for the second quarter of 2026. The data shows that the company purchased 8,568 ETH for $20 million in Q2, at an average cost of approximately $2,334.25 per ETH, with no ETH sold during the quarter. As of the end of Q2, Bit Digital held approximately 164,310.5 ETH, valued at roughly $258 million at that day's prices. Of this, 75,757.5 ETH were held directly, with a fair value of approximately $118.9 million; 73,235 ETH were allocated to liquid staking, yielding 66,192 LsETH; 49,000 LsETH were used for collateralized financing, corresponding to asset-backed receivables of approximately $105.6 million; and the remaining 17,192 LsETH were held as margin buffer assets. (Prnewswire)
Bit Digital announced it will provide a $100 million delayed draw term loan facility to a subsidiary of WhiteFiber, an artificial intelligence infrastructure and high-performance computing provider in which it holds a majority stake. The facility can be expanded to $150 million upon mutual agreement and is intended to support WhiteFiber's recent expansion plans in high-performance computing and artificial intelligence.Bit Digital expects that draws under this facility will be funded in whole or in part through a credit line secured by Ethereum. This arrangement allows Bit Digital to earn a financing spread on the loan assets while maintaining exposure to Ethereum.Bit Digital has fully exited its Bitcoin mining operations. The company reported total revenue of $27.9 million and a net loss of $146.7 million for the first quarter of 2026. (The Block)
According to The Block, Bit Digital announced a $100 million delayed-draw term loan to a subsidiary of WhiteFiber, its majority-owned AI infrastructure company. The facility may be expanded to $150 million upon mutual agreement between the parties, to support WhiteFiber’s recent high-performance computing and AI expansion initiatives. Bit Digital stated that the loan proceeds will be disbursed—either partially or in full—through an Ethereum-denominated secured credit facility, enabling the company to retain ETH exposure while earning a financing spread.