Cathedra Bitcoin Inc Stock Price, News & Analysis

Cathedra Bitcoin (OTCQB: CBTTF), a digital infrastructure assets developer and operator, has formalized its relationship with CEO Joel Block through a new employment agreement. The agreement replaces the previous consulting arrangement established during his initial appointment.

As part of the employment terms, Block received a grant of 43,427,522 restricted share units (RSUs) convertible into subordinate voting shares. The RSUs will vest equally over three years, with portions vesting on the first, second, and third anniversaries of the grant date, subject to regulatory approval and securities laws.

Cathedra Bitcoin (OTCQB: CBTTF) has announced a 30:1 share consolidation of its subordinate voting shares and multiple voting shares. The consolidation is expected to take effect on October 15, 2025, with a record date of October 14, 2025, pending TSX Venture Exchange approval.

Under the consolidation, every 30 shares will be combined into one share, with fractional shares rounded down. The consolidation will not affect shareholders' proportional ownership in the company. Trading will continue under the same symbols "CBIT" on TSX Venture Exchange and "CBTTF" on OTCQB, but with a new CUSIP number. Shareholders holding shares in electronic form need not take any action.

Cathedra Bitcoin (OTCQB:CBTTF) reported its Q2 2025 financial results, with total revenue of C$5.2 million and a net loss of C$4.2 million. The loss was primarily attributed to a C$2.3 million unrealized foreign exchange loss from intercompany balance revaluations.

Key developments include the appointment of Joel Block as CEO and Chairman, prepayment of a US$2.56 million loan through the liquidation of 21.5 bitcoin, and execution of a lease agreement for a new 15-megawatt data center expected to increase power capacity by 50%. The company retained 28.9 bitcoin for working capital.

Cathedra Bitcoin (OTCQB: CBTTF) has announced the early repayment of its US$2.56 million bitcoin-backed loan on July 17, 2025. The loan, originally secured by 50.5 bitcoin and carrying a 13% annual interest rate, was set to mature in March 2026.

To facilitate the early repayment, the Company liquidated 21.6 bitcoin from its collateral, with the remaining 28.9 bitcoin returned to the Company. The decision was strategically timed to capitalize on bitcoin's 50% price appreciation since the loan's inception in March 2025.

Cathedra Bitcoin (OTCQB: CBTTF) has announced a significant leadership transition with the appointment of Joel Block as Chief Executive Officer and Chairman of the Board, effective July 10, 2025. Block replaces former CEO AJ Scalia and COO Drew Armstrong, who will remain as advisors during the transition period.

Block brings extensive experience from his previous role as CFO of US Bitcoin Corp, where he led the largest bitcoin mining merger with Hut 8 Corp. He also managed a $750 million spin-off of Celsius Network's bitcoin mining subsidiary and has significant experience in capital markets, data center operations, and bitcoin mining.

The Board expressed confidence in Block's leadership, citing his strategic vision, technical expertise, and track record of scaling businesses in volatile markets. The new CEO aims to focus on operational excellence and disciplined growth in the bitcoin mining sector.

Cathedra Bitcoin (CBTTF) reported Q1 2025 financial results with revenues of C$6.5M, up 11% YoY. The company prepaid C$5.7M of convertible debentures at a 20% discount and secured a new US$2.5M loan backed by 50 bitcoin at 13% interest. Cathedra holds C$8.1M in total liquidity, including 52.5 bitcoin. The company announced a new 10MW power agreement in Tennessee with expected power costs of US$30/MWh, partnered with Synota for improved payment processing, and expects to close the sale of its North Dakota Facility joint venture for US$21M. Management highlighted their all-weather strategy combining hosting services with bitcoin mining exposure, and continues to work towards a major U.S. stock exchange listing.

Cathedra Bitcoin (OTCQB: CBTTF), a bitcoin infrastructure company focused on maximizing per-share bitcoin holdings, has announced its May 2025 conference schedule. Drew Armstrong, the company's President & COO, participated in panel discussions at Consensus 2025 in Toronto, covering topics on AI, High Performance Compute Strategies for Bitcoin Miners, and Financing and Treasury Strategies.

Armstrong is also scheduled to speak at Bitcoin 2025 in Las Vegas on May 28th at 11:30am local time, where he will participate in a Treasury Management panel discussion. Recordings and live webcasts of the presentations will be available on Cathedra's website and Twitter.

Cathedra Bitcoin (TSXV: CBIT) (OTCQB: CBTTF) has purchased and cancelled 14,205,000 subordinate voting share purchase warrants for US$75,002. The warrants had a C$0.12 exercise price with varying expiration dates: 5 million warrants expiring March 26, 2026, 3.205 million expiring November 11, 2026, and 6 million expiring June 9, 2027.

This recent transaction, combined with a previous warrant repurchase announced on March 24, 2025, brings the total number of cancelled warrants to nearly 25 million. CEO Antonin Scalia emphasized that this strategic move takes advantage of stock volatility to eliminate potential future dilution and enhance shareholder value.

Cathedra Bitcoin (CBTTF) reported strong financial results for Q4 and full-year 2024. Revenue reached C$23.1 million, up 55% from 2023, while shareholders' equity surged 1,134% to C$28.3 million. The company prepaid C$4.6 million of convertible debentures at a 20% discount and secured a new US$2.5 million bitcoin-backed loan. Key operational highlights include completing the Kungsleden merger, adding 45MW of bitcoin mining capacity, and entering new profit-sharing agreements. As of April 2025, Cathedra holds 53.2 bitcoin (worth C$7.0 million) and C$0.2 million in cash. The company also announced a restatement of Q3-2024 filings due to accounting errors in Kungsleden's historical statements, though this doesn't affect operations or cash position.