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Bit Digital Funds WhiteFiber Data Center by Borrowing Against Ethereum

Bit Digital logoBit Digital
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Bit Digital says it is funding WhiteFiber’s newest data center by borrowing against its own Ethereum holdings rather than selling coins or issuing new shares. Cloud services revenue rose 42% to $23.8M and colocation revenue for the first half jumped 182%. Contract liabilities more than doubled to $143.1M, with a backlog near $1.0B. WhiteFiber also signed multi-year cloud agreements totaling over $540M. Operating cash flow increased 33% to $46.8M, while digital asset mining revenue fell 58% and management plans no meaningful capital for the

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