Cathedra Bitcoin Announces Commencement of OTCQB Trading
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 (TSXV: CBIT) annuncia che le sue azioni con diritto di voto secondario sono ora scambiate sul Mercato OTCQB Venture con il simbolo ticker CBTTF. L'azienda si aspetta che questo passaggio aumenti la visibilità e l'accessibilità per gli investitori statunitensi, mantenendo al contempo la sua quotazione sulla Borsa TSX Venture. Cathedra prevede di quotarsi su una borsa valori statunitense di rilievo all'inizio del 2025. Attualmente, l'azienda detiene circa 47,0 bitcoin, valutati circa 4,3 milioni di dollari USA, equivalenti a circa 5 satoshi per azione.
Cathedra Bitcoin (TSXV: CBIT) anuncia que sus acciones de voto subordinado ahora se negocian en el Mercado OTCQB Venture bajo el símbolo de cotización CBTTF. La compañía espera que este movimiento aumente la visibilidad y accesibilidad para los inversores de EE. UU. mientras mantiene su listado en la Bolsa de Valores TSX Venture. Cathedra planea cotizar en una importante bolsa de valores de EE. UU. a principios de 2025. Actualmente, la empresa posee aproximadamente 47.0 bitcoin, valorados en aproximadamente 4,3 millones de dólares estadounidenses, equivalente a alrededor de 5 satoshis por acción.
캐더라 비트코인 (TSXV: CBIT)은 자사의 보조 투표 주식이 OTCQB 벤처 마켓에서 ticker 기호 CBTTF로 거래되고 있음을 발표했습니다. 회사는 이 조치가 미국 투자자에 대한 가시성과 접근성을 높일 것으로 기대하며, TSX 벤처 거래소 상장은 유지합니다. 캐더라는 2025년 초에 주요 미국 주식 거래소에 상장할 계획입니다. 현재 회사는 약 47.0 비트코인을 보유하고 있으며, 이는 약 430만 달러로 평가되며, 주당 약 5 사토시의 가치가 있습니다.
Cathedra Bitcoin (TSXV: CBIT) annonce que ses actions de vote subordonné sont désormais négociées sur le Marché OTCQB Venture sous le symbole boursier CBTTF. La société s'attend à ce que ce mouvement augmente la visibilité et l'accessibilité pour les investisseurs américains tout en maintenant son inscription à la Bourse TSX Venture. Cathedra prévoit de se coter sur une grande bourse américaine au début de 2025. La société détient actuellement environ 47,0 bitcoins, d'une valeur d'environ 4,3 millions de dollars américains, équivalant à environ 5 satoshis par action.
Cathedra Bitcoin (TSXV: CBIT) gibt bekannt, dass ihre stimmberechtigten Vorzugsaktien nun an der OTCQB Venture Market unter dem Tickersymbol CBTTF gehandelt werden. Das Unternehmen erwartet, dass dieser Schritt die Sichtbarkeit und Zugänglichkeit für US-Investoren erhöht, während es seine Notierung an der TSX-Venture-Börse beibehält. Cathedra plant, Anfang 2025 an einer großen US-Börse gelistet zu werden. Das Unternehmen hält derzeit etwa 47,0 Bitcoin, die auf etwa 4,3 Millionen US-Dollar geschätzt werden, was etwa 5 Satoshis pro Aktie entspricht.
- Current bitcoin holdings of 47.0 BTC worth US$4.3 million
- Expanded market access through OTCQB listing
- Planned uplisting to major U.S. exchange in early 2025
- None.
Toronto, Ontario--(Newsfile Corp. - November 19, 2024) - (Block Height: 870,995) - Cathedra Bitcoin Inc. (TSXV: CBIT) (OTCQB: CBTTF) ("Cathedra" or the "Company"), a bitcoin company that develops and operates digital infrastructure assets with the goal of maximizing its per-share bitcoin holdings, is pleased to announce that its subordinate voting shares (the "Shares") are now trading on the OTCQB® Venture Market for entrepreneurial and development stage U.S. and international companies (the "OTCQB") under the ticker symbol CBTTF. The Company anticipates that trading on the OTCQB will enhance the visibility and accessibility of the Company's Shares for U.S. investors.
Cathedra's Shares will continue to trade on the TSX Venture Exchange under the symbol CBIT. United States investors can find current financial disclosure for the Company on otcmarkets.com/stock/CBTTF.
The Company also continues to prepare to list its shares on a major U.S. stock exchange, which it hopes to achieve in early 2025.
Additionally, the Company has published a new fact sheet providing an overview of its business and operations for existing and prospective investors on its website at cathedra.com/investors/corporate-presentation/.
At time of publishing, the Company holds approximately 47.0 bitcoin worth approximately US
About Cathedra Bitcoin
Cathedra Bitcoin Inc. develops and operates digital infrastructure assets across North America with the goal of maximizing its per-share bitcoin holdings. The Company hosts bitcoin mining clients across its portfolio of three data centers (30 megawatts total) in Tennessee and Kentucky, as well as a 60-megawatt data center in North Dakota, a joint venture in which Cathedra is a
For more information about Cathedra, visit cathedra.com or follow Company news on Twitter at @CathedraBitcoin or on Telegram at @CathedraBitcoin.
Media and Investor Relations Inquiries
Please contact:
AJ Scalia
Chief Executive Officer
ir@cathedra.com
Forward-Looking Statements
This news release contains certain "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws that are based on expectations, estimates and projections as at the date of this news release. The information in this release about future plans and objectives of the Company, are forward-looking information. Forward-looking information contained in this news release includes but is not limited to the goal of maximizing its per-share bitcoin holdings and the Company's expectations to energize the remaining 15 megawatts of capacity at its North Dakota data center in the coming days. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made. The Company has also assumed that no significant events occur outside of its normal course of business.
Additionally, these forward-looking statements may be affected by risks and uncertainties in the business of Cathedra and general market conditions. Investors are cautioned that forward-looking statements are not based on historical facts but instead reflect Cathedra's management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Cathedra believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed thereon, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking statements are the following: changes in the Company's relationships, including with regulatory bodies, employees, customers and competitors; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws and regulations both locally and in foreign jurisdictions; compliance with extensive government regulation and the costs associated with compliance; unanticipated costs; changes in market conditions impacting the average revenue per MWh; the risks and uncertainties associated with foreign markets; the construction and operation of new facilities may not occur as currently planned, or at all; expansion of existing facilities may not materialize as currently anticipated, or at all; new miners may not perform up to expectations; revenue may not increase as currently anticipated, or at all; the ongoing ability to successfully mine Bitcoin is not assured; failure of the equipment upgrades to be installed and operated as planned; the availability of additional power may not occur as currently planned, or at all; and the power purchase agreements and economics thereof may not be as advantageous as expected. Additionally, the forward-looking statements contained herein may be affected by risks and uncertainties in the business of Cathedra and general market conditions. For further information concerning these risks and uncertainties and other risks and uncertainties, please see the Company's filings under the Company's SEDAR+ profile on www.sedarplus.ca, including but not limited to the Company's management information circular dated June 18, 2024 and the Company's most recent interim and annual management discussion and analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially from those expressed in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended and such changes could be material, including factors that are currently unknown to or deemed immaterial by the Company. Readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.
Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/230455
FAQ
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