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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 > BTC daily production
View:
Post by Rob0012 on Nov 02, 2021 8:59am

BTC daily production

Exercpt 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
Comment by TheeRook on Nov 02, 2021 1:02pm
Difficulty level from Aug to now is ~  +50%   The mining rate of BTC using the curent hash rate is    85 BTC / mnth . Assuming someone else does not get the reward first. HIVE and HUT develop their own mining sites so their revenues is 100%. None of the NRs indicated how much of a cut their partner  Great American Mining (GAM),  gets. Bitcoin Hashrate Now ...more  
Comment by TheeRook on Nov 02, 2021 1:36pm
My BAD at a 646 PH/s   mining rate    Fort/GAm can produce   3.74999  BTC / day   or   ~112. per 30 day month.
Comment by Rob0012 on Nov 02, 2021 6:14pm
which is not far from my 120.  Still a solid business in the making. Rob
Comment by Augataag on Nov 03, 2021 9:39pm
Rob - I agree 100% Considering that Forts market cap is <$70 million Considering that Forts PE is currently les than 9 compared to Hut = PE 50 Hive = PE 30 If there is a better risk/reward/growth profile miner in this sector please let me know as I can't see Fort having a peer right now. Well done Fort - please keep executing!
Cathedra Bitcoin Inc