Cathedra Bitcoin Inc Stock Price, News & Analysis

Cathedra Bitcoin (CBTTF) has successfully restructured its debt obligations through a favorable agreement announced on March 24, 2025. The company settled C$5.73 million in convertible debentures by paying C$4.59 million, securing a 20% discount on the outstanding principal amount.

Key aspects of the restructuring include:

• Retirement of 10.9 million warrants that were exercisable at C$0.12 per share until November 2026
• Securing a new US$2.49 million loan with 13% annual interest, maturing March 18, 2026
• The new loan is secured by approximately 50 bitcoin, replacing the previous all-asset lien

This restructuring has reduced Cathedra's debt obligations by approximately C$2.16 million while preventing potential share dilution and providing greater balance sheet flexibility.

Cathedra Bitcoin (TSXV: CBIT) (OTCQB: CBTTF) has announced the sale of its 25% stake in a 60-megawatt bitcoin mining data center in North Dakota through a binding agreement worth US$21.0 million. The facility, developed through a joint venture called Tirpitz Technology Holdco , was constructed between Q1 and Q4 2024.

The transaction, agreed upon on December 18, 2024, was subject to performance milestones that have now been met. Cathedra expects to achieve an internal rate of return exceeding 60% on its equity contribution to the joint venture. The company plans to use the proceeds to develop new data centers, acquire additional bitcoin for long-term reserves, and increase cash holdings.

Currently, Cathedra holds approximately 50.5 bitcoin, valued at approximately US$4.6 million, equivalent to 6 satoshis per share.

Cathedra Bitcoin (TSXV: CBIT) (OTCQB: CBTTF) has announced a strategic partnership with Synota, a software company specializing in automated payments for C&I energy and hosting contracts. Through this collaboration, Cathedra will implement Synota's tools to enable daily or weekly settlement of hosting bills, enhancing cash flow management and reducing financial risk.

The partnership offers Cathedra increased flexibility in bitcoin accumulation by providing options to receive hosting payments in either U.S. dollars or bitcoin. Synota's platform integrates various payment rails to streamline payment processes and simplify back-office operations. This collaboration aims to improve operational efficiency while enabling Cathedra to optimize its bitcoin acquisition strategy through direct streaming from hosting operations.

Cathedra Bitcoin (TSXV: CBIT) (OTCQB: CBTTF) has signed a new 10-megawatt power purchase agreement for a potential greenfield bitcoin mining data center in Tennessee. This would be the company's second site in the state, following similar power rate schedules as existing regional facilities.

The project could become fully operational within three months of receiving final regulatory approvals. Cathedra confirms it can fully fund the construction using existing balance sheet resources. As of the announcement, the company holds approximately 49.3 bitcoin, valued at approximately US$4.8 million, equivalent to about 6 satoshis per share.

Cathedra Bitcoin reports Q3 2024 financial results with total revenues of C$5.9 million, up 20% from C$4.9 million in Q3 2023. The company completed its merger with Kungsleden, adding 45 megawatts of bitcoin mining data center capacity. Key developments include relocating 1,129 machines to Tennessee with 30% improved margins, new profit-sharing agreements with institutional clients including Compass Mining, and the completion of a 60-megawatt data center in North Dakota. The company holds C$0.2 million in cash and 48.1 bitcoin (C$6.5 million) for total liquidity of C$6.7 million as of November 27, 2024.

Cathedra Bitcoin (TSXV: CBIT) announces its subordinate voting shares are now trading on the OTCQB Venture Market under the ticker symbol CBTTF. The company expects this move to increase visibility and accessibility for U.S. investors while maintaining its TSX Venture Exchange listing. Cathedra plans to list on a major U.S. stock exchange in early 2025. The company currently holds approximately 47.0 bitcoin, valued at approximately US$4.3 million, equivalent to about 5 satoshis per share.

Cathedra Bitcoin has completed and energized its 60-megawatt bitcoin mining data center in North Dakota, where it holds a 25% partnership stake. The facility's entire capacity has been contracted to institutional clients through fixed-rate hosting contracts and profit-share agreements. With this completion, Cathedra now owns and manages 45 and 95 megawatts of data center capacity across six U.S. locations. The company currently holds approximately 44.0 bitcoin, valued at approximately US$3.0 million, equivalent to 5 satoshis per share.

Cathedra Bitcoin has energized approximately 15 additional megawatts of capacity at its North Dakota data center, bringing the total energized capacity to 45 megawatts out of an expected 60 megawatts. The remaining 15 megawatts are expected to be energized soon. The capacity is contracted to institutional clients through fixed-rate hosting contracts and profit-share agreements. The North Dakota data center is developed through a joint venture where Cathedra holds a 25% stake. The company currently holds 44.7 bitcoin, valued at approximately US$3.2 million, equivalent to 5 satoshis per share.

Cathedra Bitcoin has announced a strategic partnership with Compass Mining for Bitcoin mining operations. Under the agreement, Cathedra will host 10 megawatts of Compass Mining's equipment at their Kentucky data center. Compass Mining will operate the site, paying power costs and sharing 50% of net profits with Cathedra in bitcoin. Both companies aim to expand beyond the initial 10 megawatts to future sites. Currently, Cathedra holds approximately 44.5 bitcoin valued at US$3.0 million, equivalent to 5 satoshis per share.