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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 Rob0012on Nov 02, 2021 8:59am
224 Views
Post# 34076416

BTC daily production

BTC daily productionExercpt 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

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