Bit Digital: Launches $100M WhiteFiber Facility
Bit Digital originates $100M facility for WhiteFiber supporting 70% owned asset and ETH staking yields via new crypto lending structure.
SourceAnalysis
Bit Digital has originated a $100 million financing facility expandable to $150 million to back WhiteFiber growth while retaining staked ETH, capturing lending spreads and increasing value in its roughly 70% owned strategic asset through an innovative crypto lending structure unseen in prior cycles. ETH trades at $1988.9 inside the Bollinger Bands with lower support at $1972.12 and upper resistance at $2164.17; the 4-hour chart reveals price action hugging the lower band amid a bearish structure where both EMA50 at $2091.08 and EMA200 at $2196.78 sit overhead, yet RSI at 29.29 flashes oversold conditions that often precede short-term relief even as the MACD death cross at -29.64 confirms trend strength remains negative.
Charles d'Haussy | dYdX
@charlesdhaussyCEO @dYdXfoundation - Crypto Derivatives, DeFi & Governance / ex. ConsenSys & .gov.hk