Loan & DebtJun 3, 2026, 04:12 PM
Big Digital Energy Secures $40M Credit Line from Related Party
AI Summary
Mawson Infrastructure Group Inc. (operating as Big Digital Energy, Inc.) has secured a $40 million revolving line of credit from Endeavor Blockchain, LLC, an entity solely owned by its Executive Chairman, Josh Kilgore. The note carries a 12% annual interest rate and is payable on demand, secured by company assets. This related party transaction received approval from the company's Audit Committee and Special Transactions Committee. Additionally, the company is using a presentation, incorporated by reference, for investor and analyst discussions.
Key Highlights
- Big Digital Energy, Inc. entered into a $40 million revolving line of credit promissory note with Endeavor Blockchain, LLC.
- The revolving line of credit bears a fixed interest rate of 12% per annum.
- Principal and interest on the note are payable upon demand.
- The credit line is secured by assets of Big Digital Energy, Inc.
- Josh Kilgore, Executive Chairman of Big Digital Energy, is the sole member of Endeavor Blockchain, LLC, making this a related party transaction.
- The transaction was approved by the Audit Committee and the Special Transactions Committee of the Board.
Price Impact
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