Bit Digital, Inc — Form 10-Q

Bit Digital (via Enovum Data Centers Corp.) executed a syndicated credit agreement dated July 6, 2026, with Royal Bank of Canada as administrative agent. The facility includes a CAD $115M committed delayed-draw term loan (expandable by CAD $25M accordion), maturing 3 years after first drawdown, secured by immovable/movable hypothecs on MTL I, II, III data center properties. Lenders: RBC, Fédération des Caisses Desjardins, Export Development Canada, and Investissement Québec. Interest at CORRA + 2.45% or Prime + 1.00%; 49 bps standby fee on undrawn balance. Mandatory amortization at 6.67%/year; financial covenants: DSCR ≥1.50x, Funded Debt/EBITDA ≤4.50x (stepping to 3.75x by 2028). Proceeds to refinance bilateral bridge loan, fund capex, and permit distributions up to CAD $41.2M.