Deprotonation of the doubly arylene‐bridged diborane(6) derivative 1H2 with (Me3Si)3CLi or (Me3Si)2NK gives the B−B σ‐bonded species M[1H] in essentially quantitative yields (THF, room temperature; M=Li, K, arylene=4,4′‐di‐tert‐butyl‐2,2′‐biphenylylene). With nBuLi as the base, the yield of Li[1H] drops to 20 % and the 1,1‐bis(9‐borafluorenyl)butane Li[2H] is formed as a side product (30 %). In addition to the 1,1‐butanediyl fragment, the two boron atoms of Li[2H] are linked by a μ‐H bridge. In the closely related molecule Li[3H], the corresponding μ‐H atom can be abstracted with (Me3Si)3CLi to afford the B−B‐bonded conjugated base Li2[3] (THF, 150 °C; 15 %). Li[1H] and Li[2H] were characterized by NMR spectroscopy and X‐ray crystallography.