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Bullboard - Stock Discussion Forum Cathedra Bitcoin Inc V.CBIT

Alternate Symbol(s):  CBTTF

Technology Software - Application
Cathedra Bitcoin Inc. is a Canada-based diversified bitcoin mining company. The Company has diversified bitcoin mining operations, which produce 382 Peta hashes per second (PH/s) across three states and five locations in the United States. The Company is focused on managing and expanding its portfolio of hash rate through a diversified approach to site selection and operations, utilizing... see more

TSXV:CBIT - Post Discussion

Cathedra Bitcoin Inc > I'm clueless
View:
Post by BobTheInvestor on Apr 23, 2024 1:40pm

I'm clueless

Hello everyone

Maybe someone here could explain me like if I was 12yo, because I don't understand the final outcome of the merge.

-Did the merge is completed? Because I still own CBIT shares. If it's to come, when is it planned?
-What is the value of the merge for a CBIT stock owner? I read about percentages and splits, but I don't understand what is the $ value that we will get for our shares.

Thank you in advance.
Comment by blabbermouth on May 09, 2024 7:28am
From the PR....supposed to close by June 30th.  Time will tell "Subsequent to the end of fiscal year 2023, on March 6, 2024, the Company entered into a binding share exchange agreement with Kungsleden Inc., a privately held developer and operator of bitcoin mining data centers. The combined company is expected to own and operate a 45-MW portfolio of bitcoin mining hosting data centers ...more  
Cathedra Bitcoin Inc
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