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CATHEDRA BITCOIN INC - $CBTTF STOCK NEWS

Welcome to our dedicated page for CATHEDRA BITCOIN news (Ticker: $CBTTF), a resource for investors and traders seeking the latest updates and insights on CATHEDRA BITCOIN stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CATHEDRA BITCOIN's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CATHEDRA BITCOIN's position in the market.

News
Cathedra Bitcoin Announces Fourth Quarter and Full-Year 2023 Financial Results
Rhea-AI Summary
Cathedra Bitcoin Inc. announces its fourth quarter and full-year audited financial results for 2023, showcasing a 24% increase in revenue from bitcoin mining operations, a 13% increase in gross bitcoin produced, and a 75% decrease in total debt. The company also extended the maturity on outstanding debt and saw a 94% increase in total shareholders' equity. Operational highlights include a 99% increase in total bitcoin mining hash rate, the launch of an aftermarket software product for bitcoin mining machines, and a partnership with 360 Mining for off-grid mining. The company is preparing for the upcoming Bitcoin Halving and has entered into a share exchange agreement with Kungsleden Inc. The merger is expected to close in the second quarter of 2024.
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earnings
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Cathedra Bitcoin and Kungsleden Inc. Announce Merger to Create an Infrastructure Company for the Digital Economy
Rhea-AI Summary
Cathedra Bitcoin Inc. announces a merger with Kungsleden, Inc. to create a bitcoin mining and hosting business with 4.8 EH/s hash rate and 94 MW power capacity across 8 data centers in 5 states. The transaction will result in Cathedra acquiring Kungsleden, forming a Tier 2 Technology issuer on the TSX-V. The combined entity aims to expand into the high-performance compute data center market.
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Cathedra Bitcoin Provides Operations Update
Rhea-AI Summary
Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQB: CBTTF) announces updates on its bitcoin mining operations, including adjustments to 2,000 S19J Pro machines, increasing fleet hash rate to approximately 404 PH/s and holding approximately C$800,000 of cash and C$2.8 million of bitcoin on its balance sheet.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.64%
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Cathedra Bitcoin Announces Closing of Debt Settlement and Debenture Extension
Rhea-AI Summary
Cathedra Bitcoin Inc. (CBIT) settles outstanding debentures, issues shares, and extends maturity date
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Cathedra Bitcoin Announces Third Quarter 2023 Financial Results
Rhea-AI Summary
Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQB: CBTTF) reported a successful third quarter in 2023, with an increase in mining operations, production of 73.40 bitcoin, and revenue of $2.8 million. The company also filed a final base shelf prospectus and entered into a binding term sheet to settle outstanding principal of senior secured convertible debentures. The completion of the initial deployment under a partnership with 360 Mining and the active bitcoin mining hash rate totaling 355 PH/s across three states in the United States are significant operational highlights.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.27%
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earnings
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Cathedra Bitcoin Announces Debt Settlement and Debenture Extension
Rhea-AI Summary
Cathedra Bitcoin Inc. (CBIT) expects to settle a portion of outstanding debentures equal to up to C$10,946,706 into common shares. The company also intends to amend the maturity date of the remaining debentures and believes the proposed debt settlement will optimize its capital structure.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.94%
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News
Cathedra Bitcoin Launches Bitcoin Mining Firmware Product, CathedraOS
Rhea-AI Summary
Cathedra Bitcoin Inc. announces the launch of CathedraOS, an aftermarket software product for bitcoin mining machines. Miners can download the firmware for free, and Cathedra will receive a share of the hash rate as a developer fee. The company aims to diversify revenue streams and expand hash rate with minimal capex and opex.
Rhea-AI Impact
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End-of-Day
-0.85%
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Cathedra Bitcoin Provides Operations Update
Rhea-AI Summary
Cathedra Bitcoin Inc. announces updates on its mining operations, including underclocking machines to increase operating profits. Fleetwide hash rate reduced to 355 PH/s and breakeven hash price lowered to US$43/PH/s/day. Also, completed initial deployment of off-grid mining partnership with 360 Mining in Texas. Relocated machines from Kentucky to Tennessee data centers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.25%
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Cathedra Bitcoin Files Final Base Shelf Prospectus
Rhea-AI Summary
Cathedra Bitcoin Inc. files final base shelf prospectus with securities regulatory authorities in Canada.
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End-of-Day
-3.49%
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Cathedra Bitcoin Announces Results of Annual General Meeting
Rhea-AI Summary
Cathedra Bitcoin announces successful AGM, elects management nominees to board of directors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.23%
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CATHEDRA BITCOIN INC

OTC:CBTTF

CBTTF Rankings

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CBTTF Stock Data

17.33M
155.17M
2.2%
32.43%
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United States of America
Scarborough