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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

Comment by LoneStar1on Oct 08, 2021 4:15pm
236 Views
Post# 33990411

RE:Target(s)

RE:Target(s)Well we reached the first target on Tuesday, October 5 and held it for the week closing out at .66.  Next target.82 (Warrant Exercise Price)  

Guessing there may have been some delay in delivering the miners, hence no NR.  In any case, the Asset Purchase from the last NR has a number of closing conditions.  The company expects it to close around October 15.  Since we are close to that date, I do not expect an NR until after the 15th.

Now, if Bitcoin continues its upward trend, and the NR indicates the miners are in place, target #2 should fall.

These are only short term targets.  I suspect the new team has bigger plans for the future.  




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