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.
About Cathedra Bitcoin Inc.
Cathedra Bitcoin Inc. (TSXV: CBIT, OTCQB: CBTTF) is a North American developer and operator of high-density compute infrastructure assets with a mission to maximize per-share bitcoin holdings for its shareholders. Headquartered in Vancouver, the company operates at the intersection of digital infrastructure and cryptocurrency, with a diversified portfolio that includes bitcoin mining, hosting services, and strategic partnerships.
Core Business Model
Cathedra Bitcoin employs a hybrid business model that combines self-mining bitcoin operations with hosting services for institutional clients. This dual approach allows the company to generate revenue from mining bitcoin using its proprietary fleet of machines, while also leveraging its data center infrastructure to host third-party clients under fixed-rate and profit-sharing agreements. By diversifying its revenue streams, Cathedra mitigates risks associated with bitcoin price volatility and network difficulty increases.
Infrastructure and Operations
The company owns and operates a portfolio of data centers across North America, including facilities in Tennessee, Kentucky, and North Dakota. These data centers collectively offer over 95 megawatts of capacity, with Cathedra holding a 25% stake in its 60-megawatt North Dakota facility through a joint venture. The company also recently announced plans to develop an additional 10-megawatt greenfield bitcoin mining data center in Tennessee, further expanding its operational footprint.
Strategic Partnerships and Innovation
Cathedra has established key partnerships to enhance its operational efficiency and market reach. Notable collaborations include a profit-sharing agreement with Compass Mining to host 10 megawatts of bitcoin mining equipment and a partnership with Synota Inc. to streamline hosting payments through automated settlement tools. These partnerships not only improve cash flow cycles but also align with Cathedra's goal of accumulating bitcoin opportunistically.
Market Position and Differentiation
In a competitive landscape that includes major players like Riot Platforms and Marathon Digital Holdings, Cathedra differentiates itself through its hybrid operational model and focus on bitcoin-per-share maximization. The company's profit-sharing agreements and hosting services provide a stable revenue base, while its self-mining operations offer upside potential in bullish bitcoin markets. Additionally, its strategic merger with Kungsleden has significantly expanded its data center capacity and hosting capabilities, positioning it as a versatile player in the digital infrastructure sector.
Commitment to Sustainability
Cathedra is committed to optimizing energy efficiency across its operations. The company participates in demand-response programs, such as those offered by the Tennessee Valley Authority, to align its energy usage with grid stability requirements. These initiatives not only reduce operational costs but also contribute to a more sustainable energy footprint.
Future Outlook
Looking ahead, Cathedra aims to continue expanding its data center portfolio and hosting services while maintaining a focus on maximizing bitcoin-per-share holdings. The company is also preparing for a potential listing on a major U.S. stock exchange, which could enhance its visibility and accessibility to investors. By leveraging its diversified business model and strategic partnerships, Cathedra is well-positioned to navigate the evolving cryptocurrency landscape.
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.
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 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.
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.
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