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Cathedra Bitcoin Announces Completion of 60-Megawatt North Dakota Data Center

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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 ha completato e attivato il suo centro dati per il mining di bitcoin da 60 megawatt nel Dakota del Nord, dove detiene una quota di partecipazione del 25%. L'intera capacità dell'impianto è stata contrattata con clienti istituzionali attraverso contratti di hosting a tariffa fissa e accordi di condivisione dei profitti. Con questa conclusione, Cathedra ora possiede e gestisce 45 e 95 megawatt di capacità del centro dati in sei località degli Stati Uniti. Attualmente l'azienda detiene circa 44,0 bitcoin, valutati circa 3,0 milioni di dollari USA, equivalenti a 5 satoshi per azione.

Cathedra Bitcoin ha completado y energizado su centro de datos para la minería de bitcoin de 60 megavatios en Dakota del Norte, donde posee una participación del 25%. La capacidad total de la instalación ha sido contratada a clientes institucionales a través de contratos de hospedaje a tarifa fija y acuerdos de reparto de ganancias. Con esta finalización, Cathedra ahora posee y gestiona 45 y 95 megavatios de capacidad de centro de datos en seis ubicaciones en EE. UU. Actualmente, la empresa tiene aproximadamente 44.0 bitcoin, valorados en aproximadamente 3.0 millones de dólares estadounidenses, equivalente a 5 satoshis por acción.

Cathedra Bitcoin은 노스다코타에 60메가와트 규모의 비트코인 채굴 데이터 센터를 완공하고 가동했습니다. 이곳에서 25%의 지분을 보유하고 있습니다. 시설의 전체 용량은 고정 요금 호스팅 계약 및 수익 공유 합의를 통해 기관 고객과 계약되었습니다. 이번 완공으로 Cathedra는 현재 미국의 6개 지역에서 각각 45메가와트와 95메가와트의 데이터 센터 용량을 보유하고 관리하고 있습니다. 현재 회사는 약 44.0 비트코인을 보유하고 있으며, 이는 약 300만 달러에 해당하며, 주당 5사토시와 동등합니다.

Cathedra Bitcoin a achevé et mis en service son centre de données pour le minage de bitcoin de 60 mégawatts dans le Dakota du Nord, où il détient une participation de 25%. L'ensemble de la capacité de l'installation a été contracté avec des clients institutionnels par le biais de contrats d'hébergement à tarif fixe et d'accords de partage des bénéfices. Avec cette finalisation, Cathedra possède et gère désormais 45 et 95 mégawatts de capacité de centre de données dans six emplacements aux États-Unis. Actuellement, l'entreprise détient environ 44,0 bitcoin, d'une valeur d'environ 3,0 millions de dollars américains, soit l'équivalent de 5 satoshis par action.

Cathedra Bitcoin hat sein 60-Megawatt-Bitcoin-Mining-Datenzentrum in North Dakota fertiggestellt und in Betrieb genommen, wo es eine 25%ige Beteiligung hält. Die gesamte Kapazität der Anlage wurde über Festpreis-Hosting-Verträge und Gewinnbeteiligungsvereinbarungen an institutionelle Kunden vergeben. Mit diesem Abschluss besitzt und verwaltet Cathedra nun 45 und 95 Megawatt Datenzentrumskapazität an sechs Standorten in den USA. Das Unternehmen hält derzeit etwa 44,0 Bitcoin, die auf etwa 3,0 Millionen US-Dollar geschätzt werden, was 5 Satoshi pro Aktie entspricht.

Positive
  • Completed and energized full 60MW data center capacity
  • Secured contracts with institutional clients for entire capacity
  • Expanded total managed capacity to 95MW across six locations
  • Holds 44.0 bitcoin worth US$3.0 million
Negative
  • Only 25% ownership stake in the new facility

Toronto, Ontario--(Newsfile Corp. - November 4, 2024) - (Block Height: 868,800) - Cathedra Bitcoin Inc. (TSXV: CBIT) (OTC Pink: 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 it has energized the final 15 megawatts of capacity at its North Dakota bitcoin mining data center, marking the completion of the full 60-megawatt facility in which Cathedra is a 25% partner. The entirety of this capacity has been contracted to high-quality institutional clients, with a mix of fixed-rate hosting contracts and profit-share agreements. With the completion of the North Dakota facility, Cathedra now owns and manages 45 and 95 megawatts of data center capacity for bitcoin mining, respectively, across six locations in the United States.

At time of publishing, the Company holds approximately 44.0 bitcoin worth approximately US$3.0 million and amounting to approximately 5 satoshis (or "sats") per share.

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 25% partner. Cathedra also operates a fleet of proprietary bitcoin mining machines at its own and third-party data centers, producing approximately 400 PH/s of hash rate. Cathedra is headquartered in Vancouver and its shares trade on the TSX Venture Exchange under the symbol CBIT and in the OTC market under the symbol CBTTF.

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/228735

FAQ

What is the capacity of Cathedra Bitcoin's (CBTTF) new North Dakota data center?

Cathedra Bitcoin's new North Dakota data center has a total capacity of 60 megawatts.

How much bitcoin does Cathedra Bitcoin (CBTTF) currently hold as of November 2024?

Cathedra Bitcoin holds approximately 44.0 bitcoin, worth approximately US$3.0 million, equivalent to 5 satoshis per share.

What is Cathedra Bitcoin's (CBTTF) total managed data center capacity after the North Dakota facility completion?

After completing the North Dakota facility, Cathedra Bitcoin owns 45 megawatts and manages 95 megawatts of data center capacity across six U.S. locations.

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