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Bullboard - Stock Discussion Forum 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... see more

TSXV:CBIT - Post Discussion

Cathedra Bitcoin Inc > Question regarding the PR
View:
Post by forrest6748 on Apr 07, 2021 7:17am

Question regarding the PR

I am new in this market and I would like to understand what this statement means from the last new release

hashpower from 19.5 PH/s to approximately 180 PH/s

If the multiply by 10 their capacities, is this mean more revenues? If yes, what could be the multiplicator?

Or is it something else?
Comment by Therealfox on Apr 07, 2021 7:48am
Hashrate is how fast you can mine a Bitcoin.. sooooo basically they are just saying they will be able to mine more bitcoins per month.
Comment by forrest6748 on Apr 07, 2021 12:49pm
Thanks. Therefore more revenues
Comment by Rob0012 on Apr 08, 2021 6:03am
Hi Forrest, nice to see you here.  Mining more BTC doesn't mean more revenues.  A pure mining Co like FORT (they don't do anything else than mining) builds its business on BTC present and future value.  As of Sept 30th last year,  they had 163 BTC on hands plus cash plus BTC mining capacity for approximately 3 BTC/month (in a facility in Washington DC).  We're ...more  
Comment by forrest6748 on Apr 08, 2021 8:40am
Thanks RoB for answering. Future will tell in this case
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