BRC Group's Direct Lending Platform And B. Riley Securities Say BRS Assumes $20M Advance Under $100M Senior Secured Delayed Draw Term Loan Facility Originated By Bit Digital To Enovum NC-1 Venture

Transaction highlights platform's ability to deliver agile, structured capital solutions for the middle market

LOS ANGELES, June 3, 2026 /PRNewswire/ -- BRC Specialty Finance, the direct lending platform of BRC Group Holdings, Inc. (NASDAQ:RILY) ("BRCGH") and B. Riley Securities, Inc. ("BRS"), a leading full-service investment bank, today 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. (NASDAQ:BTBT) to Enovum NC-1 Venture LLC, an indirect wholly-owned subsidiary of WhiteFiber, Inc. (NASDAQ:WYFI).

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.