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Cathedra Bitcoin Inc V.CBIT

Alternate Symbol(s):  CBTTF

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 multiple energy sources across various jurisdictions.


TSXV:CBIT - Post by User

Post by Rob0012on Nov 02, 2021 8:59am
194 Views
Post# 34076416

BTC daily production

BTC daily productionExercpt from August 12th NR:
  • The companies’ operating hashrate is now 52 PH/s for the first four containers in the field, which yields 13.7 Bitcoin per month
By simple math and without consideration to the difficulty level that indeed seems to get higher as days go by, I come to the following monthly BTC production by the end of Q32022:

646/52= 12,4  (646 PH/s as per yesterday NR)
12,4 X 13,7 = 169,88 BTC/month

Let's round it up and factor in a higher difficulty level:

120 BTC/mth and let's keep the BTC price to what it is today...
120 X $63000 = $7,560,000 per month in potential revenue generation.
$90M per annum...not a small business in perspective!

Now, how does this compare to HIVE or HUT?...

Our market cap is still way undervalued.  Not even considering BTC price appreciation.

FORT= cash machine.

ROb

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