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 Inc. (TSX-V: CBIT; OTCQX: CBTTF) has announced significant operational updates regarding its bitcoin mining activities. The company has successfully deployed 490 Bitmain Antminer S19J Pro and 50 Antminer S19 XP machines in Kentucky, enhancing its total hash rate by approximately 56 PH/s. In Washington, 400 of 773 planned S19J Pro machines have been deployed, adding another 40 PH/s. Following these deployments, the company expects to reach a hash rate of about 378 PH/s, capable of mining approximately 31.2 bitcoin monthly. Cathedra has also resumed retaining a portion of mined bitcoin, currently holding 13.9 bitcoin in treasury, and plans to liquidate mined bitcoin to meet cash obligations.
Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQX: CBTTF) has announced a Debt Settlement for a portion of its senior secured convertible debentures, converting C$2,500,000 into 18,518,518 common shares at C$0.135 each. This transaction reduces the outstanding principal of the Debentures to approximately C$19.9 million, with interest continuing at 3.5% per annum until maturity due on November 11, 2024. The Debt Settlement aims to preserve cash for working capital. All securities are subject to a four-month hold period. The company operates bitcoin mining infrastructure with a total hash rate of 247 PH/s across multiple states in the U.S., focusing on a diversified portfolio of energy sources.
Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQX: CBTTF) has announced that Roy Sebag resigned from the Board of Directors effective April 4, 2023. Drew Armstrong, the President and COO, will now serve as Chairman. The Board is actively seeking Sebag's replacement. In his statement, Sebag cited personal and business commitments as reasons for his departure but expressed confidence in the company's management and his continued support as the largest individual shareholder. Armstrong acknowledged Sebag's contributions and emphasized the Board's commitment to find a qualified independent director shortly.
Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQX: CBTTF) announced it will convert C$2,500,000 of outstanding debentures into 18,518,518 common shares at C$0.135 each, preserving cash for operations. The debentures, totaling C$25,000,000 issued on November 11, 2021, have C$22,395,679.20 remaining as of now and carry a 3.5% interest rate. The settlement requires regulatory approval and will have a hold period of four months and one day. Cathedra operates bitcoin mining infrastructure across the U.S., totaling 247 PH/s.
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