Cathedra Bitcoin Announces Operations Updates 2024-10-30 07:01 ET - News Release
Toronto, Ontario--(Newsfile Corp. - October 30, 2024) - (Block Height: 868,000) - Cathedra Bitcoin Inc. (TSXV: CBIT) (OTC Pink: CBTTF) ("Cathedra" or the "Company"), a bitcoin company that develops and operates digital infrastructure assets with the goal of maximizing its per-share bitcoin holdings, is pleased to provide the following updates:
Operations Update
North Dakota Operations
In recent weeks, the Company has energized approximately 15 additional megawatts of capacity at its North Dakota data center, bringing the total energized capacity on-site to 45 megawatts of the total expected 60 megawatts. The Company expects to energize the remaining 15 megawatts in the coming days. The entirety of this capacity is contracted to high-quality institutional clients, with a mix of fixed-rate hosting contracts and profit-share agreements. The North Dakota data center is being developed by a joint venture in which Cathedra is a 25% partner.
At time of publishing, the Company holds approximately 44.7 bitcoin worth approximately US$3.2 million and amounting to approximately 5 satoshis (or "sats") per share.
About Cathedra Bitcoin
Cathedra Bitcoin Inc. develops and operates digital infrastructure assets across North America with the goal of maximizing its per-share bitcoin holdings. The Company hosts bitcoin mining clients across its portfolio of three data centers (30 megawatts total) in Tennessee and Kentucky. Additionally, Cathedra is a 25% partner in a joint venture that is developing a 60-megawatt data center in North Dakota which will also host bitcoin miners upon its expected completion. Cathedra also operates a fleet of proprietary bitcoin mining machines at its own and third-party data centers, producing approximately 400 PH/s of hash rate. Cathedra is headquartered in Vancouver and its shares trade on the TSX Venture Exchange under the symbol CBIT and in the OTC market under the symbol CBTTF.
For more information about Cathedra, visit cathedra.com or follow Company news on Twitter at @CathedraBitcoin or on Telegram at @CathedraBitcoin.
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