CBIT Announces Shipment of First Batch of Bitmain Machines Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQX: CBTTF) (“Cathedra”), a Bitcoin company that develops and operates world-class bitcoin mining infrastructure, today announces its first batch of 750 new Bitmain Antminer S19j Pro mining machines has shipped and is expected to be delivered to the Company’s Washington facility in the coming days.
560 of the new machines will be installed at the Company’s Washington facility, where they will replace fully depreciated Bitmain Antminer S9 machines and are expected to increase Cathedra’s hash rate by 35 PH/s to a total of 67 PH/s.
The remaining 190 machines will be delivered to the Company’s New Hampshire manufacturing facility, where they will be used to test the first completed batch of Cathedra’s bitcoin mining rovers—modular, mobile bitcoin mining datacenters.
Cathedra has purchased an additional 4,350 latest-generation machines that will be delivered in batches each month through the end of the year. The Company expects to deploy these machines at a combination of on- and off-grid mining locations, pursuant to its diversified approach to site selection and operations. Upon full deployment, the Company expects these machines to bring its total hash rate to 725 PH/s by year-end.
About Cathedra Bitcoin
Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQX: CBTTF) is a Bitcoin company that develops and operates world-class bitcoin mining infrastructure.
Cathedra believes sound money and abundant energy are the fundamental ingredients to human progress and is committed to advancing both by working closely with the energy sector to secure the Bitcoin network. Today, Cathedra owns 187 PH/s across various sites around the United States and expects to deploy an additional 538 PH/s in 2022. Upon the full deployment of its purchased machines, Cathedra’s hash rate is expected to total 725 PH/s. The Company is focused on expanding its portfolio of hash rate through a diversified approach to site selection and operations, utilizing multiple energy sources across various jurisdictions.
For more information about Cathedra, visit cathedra.com or follow Company news on Twitter at @CathedraBitcoin.