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 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.
Cathedra Bitcoin Inc. (TSXV: CBIT) (OTC Pink: CBTTF) has provided operational updates for its North American digital infrastructure assets. The company has energized approximately 20 additional megawatts of capacity at its North Dakota data center, bringing the total energized capacity to 30 megawatts out of the expected 60 megawatts. The remaining 30 megawatts are expected to be energized in the next three weeks.
Cathedra has also amended certain hosting contracts to include a profit share arrangement, allowing the company to share net profits from customer machines at its data centers. This strategy aims to increase upside exposure while covering power costs and collecting bitcoin without additional capital expenditure or risk.
As of the announcement, Cathedra holds approximately 44.3 bitcoin, valued at about US$2.7 million, which amounts to approximately 5 satoshis per share.
Cathedra Bitcoin Inc. (TSXV: CBIT) (OTC Pink: CBTTF) has announced several business updates. The company has amended terms for a leased bitcoin mining facility in Washington State, resulting in an all-in cash cost of approximately US$28.00 per megawatt-hour and an effective break-even hash price of less than US$15.00/PH/s/d under current market conditions. In Tennessee and Kentucky, Cathedra's data centers have enrolled in a demand response program, accruing credits of approximately US$300,000 in July and August.
The company has also closed its proposed warrant repricing, reducing the exercise price of 36,819,700 warrants to C$0.12 and including a mandatory acceleration provision. Additionally, Cathedra has published a memo outlining its treasury strategy and adopting bitcoin holdings per share as the key metric for future capital allocation decisions.
Cathedra Bitcoin Inc. (TSXV: CBIT) (OTC Pink: CBTTF) has announced a non-brokered private placement financing of 25,000,000 units at C$0.10 per unit, aiming to raise C$2,500,000 with an option to upsize by an additional C$2,500,000. Each unit consists of one subordinate voting share and one share purchase warrant with a 5-year expiry and tiered exercise prices ranging from C$0.12 to C$0.20. The offering is made under the listed issuer financing exemption (LIFE) and is expected to close around October 9, 2024. Proceeds will be used for infrastructure expansion, bitcoin acquisitions, and general corporate purposes. Cathedra, following a recent business combination, now operates three data centers totaling 30 megawatts and is developing a 60-megawatt center in North Dakota.