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.
Cathedra Bitcoin Inc. (OTCQB: CBTTF) is a bitcoin company that develops and operates power and digital infrastructure assets across North America. Its news flow centers on financial results, data center development, hosting partnerships, leadership changes, and capital structure updates related to its bitcoin mining and hosting activities.
Investors following CBTTF news can review regular financial results releases, where Cathedra reports quarterly revenue, net income or loss, and commentary on factors such as foreign exchange impacts and bitcoin-backed financing. The company also issues updates on data center expansion, including new 15 megawatt facilities, capacity increases at existing sites in Tennessee and Kentucky, and progress on high-potential infrastructure projects.
Cathedra’s news coverage includes announcements of hosting agreements with other mining businesses, such as Sphere 3D Mining Corp. and Compass Mining, which illustrate how the company combines hosting services with its own proprietary mining fleet. Leadership transitions, including the appointment of a new Chief Executive Officer and related governance changes, are also documented through formal press releases.
Corporate actions and financing developments feature prominently in Cathedra’s news. Examples include the approval and completion of a 30:1 share consolidation to streamline the capital structure, non-brokered private placements to fund infrastructure and power expansion, and grants of restricted share units and options under its long-term incentive plan. Shareholder letters and operational updates provide additional context on strategy, power sourcing, and capacity targets.
By monitoring this news stream, users can track how Cathedra manages its energy infrastructure, hosting relationships, and balance sheet in the bitcoin mining sector. The CBTTF news page aggregates these releases so readers can follow the company’s operational milestones and corporate decisions over time.
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.
Compass Mining has announced a partnership with Cathedra Bitcoin to co-locate 10 megawatts (MW) of Bitcoin mining equipment at Cathedra's Kentucky data center. Under the profit-sharing agreement, Compass will manage operations and cover power costs. The partnership follows Compass's recent expansions, including 4,000 mining machines in Iowa and 2,400 in Nebraska. The company has brought nearly 50 MW of power capacity online across facilities in multiple states in 2024 and plans to add 20 MW more by year-end. The Kentucky facility was chosen for its stable power grid and favorable regulatory environment.
Cathedra Bitcoin Inc. (TSXV: CBIT) (OTC Pink: CBTTF) has cancelled its previously announced non-brokered private placement of 25,000,000 units at C$0.10 per unit. CEO AJ Scalia cited unfavorable capital market conditions as the reason for cancellation. The company is now exploring alternative transactions, including profit-sharing deals with hosting clients, to increase its bitcoin-per-share holdings.
Cathedra recently completed a strategic merger with Kungsleden, Inc., a U.S.-based bitcoin mining data center developer. The company has energized an additional 20 megawatts at its North Dakota data center, bringing the total to 30 megawatts out of an expected 60 megawatts. Cathedra currently holds approximately 44.3 bitcoin, valued at US$3.0 million, equivalent to 5 satoshis per share.