CATHEDRA BITCOIN SUB VTG - CBTTF STOCK NEWS

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.

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.

Cathedra Bitcoin Inc. (TSXV: CBIT) (OTC Pink: CBTTF) announced its Q2 2024 financial results, highlighting a 5% year-over-year increase in revenue from bitcoin mining operations to C$3.0 million. The company adapted to post-Halving conditions by resuming 'underclocking' of machines, reducing fleetwide active hash rate to 355 PH/s but improving efficiency to 26 J/TH. Cathedra completed a business combination with Kungsleden Inc. on July 23, 2024, repositioning itself as a developer and operator of high-density compute infrastructure. Post-quarter, the company relocated 1,129 Bitmain S19J Pro machines, reducing operating costs by 31%. As of August 29, 2024, Cathedra holds C$1.5 million in cash and C$3.4 million in bitcoin (41.1 BTC), totaling C$4.9 million in liquidity.

Cathedra Bitcoin Inc. (TSXV: CBIT) has announced several operational and corporate updates. The company plans to relocate 1,129 Bitmain S19J Pro machines in Tennessee, expecting to reduce operating costs by 31%. In North Dakota, Cathedra is finalizing a 60-megawatt bitcoin mining data center, with 10 megawatts already operational. The company also intends to reprice 36,819,700 outstanding warrants to C$0.12, subject to TSXV and warrant holder approval. This repricing aims to increase the likelihood of warrant exercise, potentially providing funds for bitcoin acquisition and data center development.