Cathedra Bitcoin Announces Completion of Share Consolidation
Cathedra Bitcoin (TSXV: CBIT | OTCQB: CBTTF) completed a 30:1 share consolidation of its subordinate voting and multiple voting shares, effective October 15, 2025, with a record date of October 14, 2025.
Every 30 pre-Consolidation shares were converted into one post-Consolidation share; fractional shares were not issued and were rounded down. The Consolidation was applied uniformly and did not change percentage equity interests except where rounding removed fractional shares. Post-Consolidation shares resumed trading on the TSX Venture Exchange and OTCQB under CBIT and CBTTF respectively, effective October 16, 2025.
Cathedra Bitcoin (TSXV: CBIT | OTCQB: CBTTF) ha completato una consolidamento azionario 30:1 delle sue azioni di voto subordinate e azioni di voto multiple, con efficacia dal 15 ottobre 2025, con una data di record del 14 ottobre 2025.
Ogni 30 azioni pre-consolidamento sono state convertite in una sola azione post-consolidamento; le azioni frazionarie non sono state emesse e sono arrotondate per difetto. Il consolidamento è stato applicato in modo uniforme e non ha modificato le partecipazioni percentuali azionarie eccetto dove l'arrotondamento ha eliminato azioni frazionarie. Le azioni post-consolidamento hanno ripreso la negoziazione presso TSX Venture Exchange e OTCQB sotto CBIT e CBTTF rispettivamente, efficaci dal 16 ottobre 2025.
Cathedra Bitcoin (TSXV: CBIT | OTCQB: CBTTF) completó un consolidado de acciones 30:1 de sus acciones con voto subordinado y de voto múltiple, con vigencia el 15 de octubre de 2025, con una fecha de registro del 14 de octubre de 2025.
Cada 30 acciones previas a la consolidación se convirtieron en una acción post-consolidación; las acciones fraccionarias no fueron emitidas y se redondearon hacia abajo. El consolidation se aplicó de forma uniforme y no modificó las participaciones accionarias porcentuales, excepto donde el redondeo eliminó acciones fraccionarias. Las acciones post-consolidación volvieron a cotizar en la TSX Venture Exchange y OTCQB bajo CBIT y CBTTF respectivamente, con efectos a partir del 16 de octubre de 2025.
Cathedra Bitcoin (TSXV: CBIT | OTCQB: CBTTF)는 보통주 및 다수의 의결권을 가진 종속 의결권주에 대해 30:1 주식 합병을 2025년 10월 15일 발효로 완료했으며, 기록일은 2025년 10월 14일입니다.
합병 전 각 30주가 합병 후 한 주로 변환되었고, 소수점 주식은 발행되지 않으며 내림 반올림되었습니다. 합병은 균일하게 적용되었으며 반올림으로 소수점 주식이 제거된 경우를 제외하고 지분 비율을 변경하지 않았습니다. 합병 후 주식은 2025년 10월 16일부터 TSX Venture Exchange 및 OTCQB에서 각각 CBIT, CBTTF로 거래를 재개합니다.
Cathedra Bitcoin (TSXV: CBIT | OTCQB: CBTTF) a procédé à un regroupement d’actions 30:1 de ses actions de droit de vote subordonné et de droits de vote multiples, effectif le 15 octobre 2025, avec une date d’enregistrement du 14 octobre 2025.
Toutes les 30 actions avant la consolidation ont été converties en une action après consolidation; les actions fractionnaires n’ont pas été émises et ont été arrondies à l’entier inférieur. La consolidation a été appliquée de manière uniforme et n’a pas modifié les participations en pourcentage, sauf lorsque l’arrondi a éliminé des actions fractionnaires. Les actions post-consolidation ont repris leur cotation à la TSX Venture Exchange et à l’OTCQB sous les symboles CBIT et CBTTF respectivement, à compter du 16 octobre 2025.
Cathedra Bitcoin (TSXV: CBIT | OTCQB: CBTTF) hat eine 30:1-Aktienzusammenlegung ihrer Vorzugs-/Stimmrechtsaktien abgeschlossen, wirksam am 15. Oktober 2025, mit einem Record Date vom 14. Oktober 2025.
Alle 30 Aktien vor der Konsolidierung wurden in eine post-Konsolidierungsaktie umgewandelt; Bruchteile wurden nicht ausgegeben und abgerundet. Die Konsolidierung wurde einheitlich angewendet und änderte die prozentuale Eigenkapitalbeteiligung nicht, außer dort, wo das Runden bruchteilige Aktien entfernte. Die Aktien nach der Konsolidierung nahmen den Handel an der TSX Venture Exchange und der OTCQB unter CBIT bzw. CBTTF wieder auf, wirksam ab dem 16. Oktober 2025.
Cathedra Bitcoin (TSXV: CBIT | OTCQB: CBTTF) أكملت توحيد الأسهم 30:1 لأسهمها ذات التصويت الفرعي والمتعدد، سارية المفعول في 15 أكتوبر 2025، مع تاريخ تسجيل في 14 أكتوبر 2025.
تحولت كل 30 سهماً قبل التوحيد إلى سهم واحد بعد التوحيد؛ لم تُصدر الأسهم الكسريّة وتم تقريها إلى الأسفل. تم تطبيق التوحيد بشكل موحد ولم يغير حصص الملكية بالنسبة المئوية إلا حيث أزال التقريب الأسهم الكسريّة. عادت الأسهم بعد التوحيد للتداول في TSX Venture Exchange و OTCQB تحت CBIT و CBTTF على التوالي، اعتباراً من 16 أكتوبر 2025.
Cathedra Bitcoin (TSXV: CBIT | OTCQB: CBTTF) 完成了其下属投票权股和多投票权股的 30:1 股份合并，自 2025 年 10 月 15 日生效，记录日为 2025 年 10 月 14 日。
合并前的每 30 股转换为合并后的 1 股；不发行分股，且为 向下取整。合并统一应用，除因取整而剔除小数股外，不会改变百分比股权。合并后的股份将于 2025 年 10 月 16 日起在 TSX Venture Exchange 和 OTCQB 恢复交易，分别以 CBIT 和 CBTTF 为代号。
- 30:1 consolidation completed effective October 15, 2025
- Uniform effect on shareholders' percentage equity (except rounding)
- Post-Consolidation trading resumed on Oct 16, 2025 under CBIT/CBTTF
- Consolidation intended to streamline capital structure
- Fractional shares were rounded down, causing some shareholders to lose shares
Vancouver, British Columbia--(Newsfile Corp. - October 15, 2025) - Cathedra Bitcoin Inc. (TSXV: CBIT) (OTCQB: CBTTF) (the "Company" or "Cathedra"), a bitcoin company that develops and operates digital infrastructure assets, today announced that it has completed its previously announced 30:1 consolidation of its issued and outstanding subordinate voting shares and multiple voting shares (the "Consolidation").
The record date for the Consolidation was October 14, 2025, and became effective today. As a result of the Consolidation, every 30 subordinate voting shares and multiple voting shares of the Company issued and outstanding as of the record date were consolidated into one subordinate voting share or multiple voting share, as applicable. No fractional subordinate voting shares were issued; instead, any such fractional shares resulting from the Consolidation were rounded down to the nearest whole share. The Consolidation affected all Company shareholders uniformly and did not alter any shareholder's percentage interest in the Company's equity, except to the extent that the Consolidation resulted in any shareholder losing a fractional share due to rounding down.
The Company's post-Consolidation subordinate voting shares will resume trading on the TSX Venture Exchange as of October 16, 2025 under the symbol "CBIT" and on the OTCQB under the symbol "CBTTF".
The Consolidation was intended to reduce the number of shares currently outstanding, streamlining the Company's capital structure.
About Cathedra Bitcoin Inc.
Cathedra develops and operates digital infrastructure assets across North America. The Company hosts bitcoin mining clients across its portfolio of three data centers (30 megawatts total) in Tennessee and Kentucky and recently developed and sold a 60-megawatt data center in North Dakota, a joint venture in which Cathedra held a minority interest, closing of which is anticipated to occur in 2025. 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 subordinate voting 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 X at @CathedraBitcoin or on Telegram at @CathedraBitcoin.
For media and investor relations enquiries, please contact:
Joel Block
Chief Executive Officer
+1 (604) 259-0607
ir@cathedra.com
Forward-Looking Statements
This news release contains certain "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws that are based on expectations, estimates and projections as at the date of this news release. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made. The Company has also assumed that no significant events occur outside of its normal course of business.
Additionally, these forward-looking statements may be affected by risks and uncertainties in the business of Cathedra and general market conditions. Investors are cautioned that forward-looking statements are not based on historical facts but instead reflect Cathedra's management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Cathedra believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed thereon, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking statements are the following: changes in the Company's relationships, including with regulatory bodies, employees, customers and competitors; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws and regulations both locally and in foreign jurisdictions; compliance with extensive government regulation and the costs associated with compliance; unanticipated costs; changes in market conditions impacting the average revenue per MWh; the risks and uncertainties associated with foreign markets; the construction and operation of new facilities may not occur as currently planned, or at all; expansion of existing facilities may not materialize as currently anticipated, or at all; new miners may not perform up to expectations; revenue may not increase as currently anticipated, or at all; the ongoing ability to successfully mine Bitcoin is not assured; failure of the equipment upgrades to be installed and operated as planned; the availability of additional power may not occur as currently planned, or at all; risks associated with the completion of the sale of the Company's minority interest in the 60-megawatt data center in North Dakota; and the power purchase agreements and economics thereof may not be as advantageous as expected. Additionally, the forward-looking statements contained herein may be affected by risks and uncertainties in the business of Cathedra and general market conditions. For further information concerning these risks and uncertainties and other risks and uncertainties, please see the Company's filings under the Company's SEDAR+ profile on www.sedarplus.ca, including but not limited to the Company's management information circular dated June 18, 2024 and the Company's most recent interim and annual management discussion and analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially from those expressed in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended and such changes could be material, including factors that are currently unknown to or deemed immaterial by the Company. Readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.
Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/270613
FAQ
What was the Cathedra Bitcoin share consolidation ratio and effective date (CBTTF/CBIT)?
How did the 30:1 consolidation affect Cathedra Bitcoin shareholder percentages (CBTTF)?
When will Cathedra Bitcoin shares resume trading on TSXV and OTCQB (CBIT/CBTTF)?
Will Cathedra Bitcoin issue fractional shares after the consolidation (CBTTF)?
Why did Cathedra Bitcoin perform the 30:1 consolidation (CBIT)?
Did the consolidation change the total voting structure for Cathedra Bitcoin shareholders (CBIT)?
