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Cathedra Bitcoin Inc V.CBIT

Alternate Symbol(s):  CBTTF

Cathedra Bitcoin Inc. is a Canada-based bitcoin company. The Company develops and operates a high-density compute infrastructure across North America. It hosts bitcoin mining clients across its portfolio of three data centers (30 megawatts total) in Tennessee and Kentucky. The Company operates a fleet of proprietary bitcoin mining machines at its own and third-party data centers, producing approximately 400 Peta hashes per second (PH/s) of hash rate. It is focused on expanding its portfolio of data center infrastructure for high-density compute applications, including bitcoin mining and artificial intelligence. The Company is focused on managing and expanding its portfolio of hash rates through a diversified approach to site selection and operations, utilizing multiple energy sources across various jurisdictions.


TSXV:CBIT - Post by User

Post by topgunon Mar 14, 2021 6:58pm
281 Views
Post# 32795949

Need to remember.

Need to remember.< we appreciate our shareholder's patience as fortress has carefully evaluated accretive opportunities to build shareholder value, while effectively increasing our treasury. additionally, fortress is considering and performing diligence on several potential transactions." said aydin kilic, ceo of fortress. chairman of fortress, roy sebag, further commented, "we are very proud of our astute capital management measures having significantly increased our net asset value in the past 3 months while the company reduced its shares outstanding from 71,177,984 to 69,727,984. these gains were achieved from a timely investment in bitcoin last spring and we continue to retain all the bitcoin we mine from our washington operation. fortress is now well positioned to create additional shareholder value organically by scaling our mining activity and through mergers and acquisitions." we="" appreciate="" our="" shareholder's="" patience="" as="" fortress="" has="" carefully="" evaluated="" accretive="" opportunities="" to="" build="" shareholder="" value,="" while="" effectively="" increasing="" our="" treasury.="" additionally,="" fortress="" is="" considering="" and="" performing="" diligence="" on="" several="" potential="" transactions."="" said="" aydin="" kilic,="" ceo="" of="" fortress.="" chairman="" of="" fortress,="" roy="" sebag,="" further="" commented,="" "we="" are="" very="" proud="" of="" our="" astute="" capital="" management="" measures="" having="" significantly="" increased="" our="" net="" asset="" value="" in="" the="" past="" 3="" months="" while="" the="" company="" reduced="" its="" shares="" outstanding="" from="" 71,177,984="" to="" 69,727,984.="" these="" gains="" were="" achieved="" from="" a="" timely="" investment="" in="" bitcoin="" last="" spring="" and="" we="" continue="" to="" retain="" all="" the="" bitcoin="" we="" mine="" from="" our="" washington="" operation.="" fortress="" is="" now="" well="" positioned="" to="" create="" additional="" shareholder="" value="" organically="" by="" scaling="" our="" mining="" activity="" and="" through="" mergers="" and="">
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