Bit Digital has extended a $100 million loan facility to WhiteFiber, a data center and infrastructure company, funding advances through an Ethereum-denominated secured credit facility. The structure allows Bit Digital to maintain ETH price exposure while deploying capital, a design that reflects growing sophistication in crypto-native credit markets. The $100 million size is notable for a single ETH-backed facility in the institutional lending space.
For Armada's crypto repo desk, this transaction sets a concrete market reference for ETH-collateralized lending terms and structure. It validates demand from miners and infrastructure operators for ETH-backed liquidity without forced asset sales, exactly the counterparty profile Armada targets. Armada's no-rehypothecation policy and Fireblocks custody would differentiate its offering; LTV and rate benchmarking against this facility is actionable now.