BRC Specialty Finance, the direct lending platform of BRC Group Holdings, Inc. and B. Riley Securities, Inc. ("BRS"), announced that BRS has assumed a $20 million advance under a $100 million senior secured delayed draw term loan facility originated by Bit Digital, Inc. to Enovum NC-1 Venture LLC, an indirect wholly-owned subsidiary of WhiteFiber, Inc.

Through an Assignment and Assumption Agreement, BRS became a lender of record on the same economic terms as the lead lender, capitalizing on an attractive risk-adjusted yield in the growing digital infrastructure sector. This 90-day assigned advance is expected to bridge the borrower to its anticipated permanent institutional financing. The borrower intends to use the facility for general corporate purposes, which may include the completion of the buildout of the first phase of a HPC data center located in Madison, North Carolina, being developed by affiliates of WhiteFiber, subject to the timing of the closing of permanent financing, as well as other growth initiatives.

Bryant Riley, Chairman and Co-Chief Executive Officer of BRCGH and Executive Chairman of BRS, said: "This transaction solves a dual-sided credit need: unlocking critical liquidity for underserved, high-catalyst operators scaling next-generation data center infrastructure, while capturing high-quality, asset-backed yields for our platform. This financing addresses a specific market gap we are uniquely suited to fill. Traditional lenders are often not structured for shorter-term facilities of this nature and lack the longer-term investment in corporate relationships that serves as our guiding principle."

Andy Moore, Chief Executive Officer of BRS, said: "Our deep, multi-year relationship with the Bit Digital and WhiteFiber management teams allowed B. Riley Securities to execute this transaction with speed and precision. This transaction is a testament to our platform's ability to bring flexible capital, speed, and trusted relationships to bear for clients at their most critical inflection points."

In a separate transaction, BRCGH has also finalized a $10 million receivables-backed purchase agreement with a publicly traded technology company, providing short-term liquidity to a repeat client and valued long-term partner - demonstrating the platform's early momentum.

These transactions underscore BRC Specialty Finance's commitment to deploying structured capital solutions to small-cap and middle market companies - a segment frequently underserved by traditional lenders. The platform continues to focus on high-quality credit opportunities that combine strong downside protection and compelling yields.