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

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TSXV:CBIT - Post Discussion

Cathedra Bitcoin Inc > Conservatively Reporting Using US $41,622 btc price.

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Post by topgun on Nov 25, 2021 3:22pm

Conservatively Reporting Using US $41,622 btc price.

The Company maintains a strong balance sheet at quarter end with a bitcoin a balance of 129 as of September 30, 2021, in addition to $5.7 million of cash. Consequently, at quarter end, the total value of the Companys cash, bitcoin, and accrued interest was $12,534,409 (at a price per bitcoin of US$41,622). It is better to under-state than to over-state. That is a difference of $2.3 million US if $60,000 BTC is used. FORT management is definitely on the right track.

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