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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 Apr 11, 2021 7:10pm
303 Views
Post# 32975141

FORT new partner mentioned on CNBC INVESTING.

FORT new partner mentioned on CNBC INVESTING.Ultimately, our research led us to a specific company, Great American Mining ("GAM"), which was profitably mining Bitcoin by utilizing an environmentally conscious and greenhouse gas reducing approach. Great American Mining's novel technology captures methane waste gas, a greenhouse gas emitted during the extraction of many hydrocarbon resources and many times more potent than CO2 emissions, and converts the stranded waste gas into a productive energy source for Bitcoin mining. Fortress has advanced GAM an initial sum to purchase pre-ordered mining equipment and begin hashing as early as May. We intend to deploy as much as $15 million CAD with Great American Mining and believe we can increase our company's hashpower from 19.5 PH/s to approximately 180 PH/s within 3-4 months.
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