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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 forrest6748on Mar 26, 2021 9:56am
193 Views
Post# 32885370

NEWS : Fortress Announces Closing of $9.3 Million

NEWS : Fortress Announces Closing of $9.3 Million

TORONTO, March 26, 2021 (GLOBE NEWSWIRE) -- Fortress Technologies Inc. (“Fortress” or the “Company”) (TSXV: FORT), is pleased to announce that it has closed the previously announced bought deal private placement offering for aggregate gross proceeds of $9.3 million, through Canaccord Genuity Corp. (the “Underwriter”) acting as lead underwriter and sole bookrunner, composed of the sale of 14,794,700 units (“Units”) of the Company at a price of C$0.63 per Unit (the “Unit Price”), which includes 2,794,700 Units issued pursuant to an option to purchase additional Units by the Underwriter, as previously announced.


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