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.
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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.