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. (CBTTF) operates high-density digital infrastructure for bitcoin mining across North America, combining proprietary operations with strategic hosting services. This page aggregates official news and press releases to help investors and industry observers track the company's evolving role in cryptocurrency infrastructure.
Access real-time updates on operational milestones, including data center expansions, equipment upgrades, and partnership developments with entities like Kungsleden Inc. and Compass Mining. The curated feed includes earnings disclosures, efficiency initiatives (such as underclocking implementations), and progress reports on facilities in Tennessee, Kentucky, and North Dakota.
Content spans three key areas: operational updates detailing hash rate improvements and energy optimization efforts, strategic announcements about joint ventures and hosting agreements, and financial reports providing insights into bitcoin production and cost management strategies. Bookmark this page for streamlined monitoring of Cathedra's progress in maximizing per-share bitcoin holdings through hybrid mining-hosted revenue models.
Cathedra Bitcoin announces a significant increase in Q1 2024 revenues, reporting a 104% rise to C$4.1 million from bitcoin mining operations compared to Q1 2023. Their total bitcoin holdings increased by 136% to C$4.1 million. Shareholders' equity also grew by 9% to C$10.0 million. On March 6, 2024, they entered a binding share exchange agreement with Kungsleden, aiming to expand their portfolio to 45-MW across multiple sites in the U.S. They also adjusted their mining strategies post-Bitcoin's fourth halving to maximize cash flow. Cathedra holds C$5.6 million in total liquidity. Bitcoin prices surged to an all-time high of US$73,082 in Q1 2024. The company remains optimistic about the future of bitcoin mining.
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