Cathedra Bitcoin Announces Operations Updates
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.
Cathedra Bitcoin ha attivato circa 15 megawatt aggiuntivi di capacità presso il suo data center nel Dakota del Nord, portando la capacità totale attivata a 45 megawatt su una previsione di 60 megawatt. I restanti 15 megawatt dovrebbero essere attivati a breve. La capacità è contratttata a clienti istituzionali attraverso contratti di hosting a tariffa fissa e accordi di condivisione sui profitti. Il data center del Dakota del Nord è sviluppato attraverso una joint venture in cui Cathedra detiene una parte del 25%. Attualmente, l'azienda detiene 44,7 bitcoin, valutati circa 3,2 milioni di dollari USA, equivalenti a 5 satoshi per azione.
Cathedra Bitcoin ha energizado aproximadamente 15 megavatios adicionales de capacidad en su centro de datos en Dakota del Norte, llevando la capacidad total energizada a 45 megavatios de un esperado de 60 megavatios. Se espera que los 15 megavatios restantes se energicen pronto. La capacidad está contratada a clientes institucionales a través de contratos de hospedaje a tarifa fija y acuerdos de participación en las ganancias. El centro de datos de Dakota del Norte se desarrolla a través de una empresa conjunta donde Cathedra posee una participación del 25%. Actualmente, la compañía posee 44,7 bitcoin, valorados en aproximadamente 3,2 millones de dólares EE. UU., lo que equivale a 5 satoshis por acción.
캐세드라 비트코인은 노스다코타 데이터 센터에서 약 15메가와트의 추가 용량을 활성화하여 총 활성화 용량을 45메가와트로 늘렸습니다. 예상 용량 60메가와트 중 나머지 15메가와트는 곧 활성화될 예정입니다. 이 용량은 고정 요금 호스팅 계약과 수익 공유 계약을 통해 기관 고객에게 계약되었습니다. 노스다코타 데이터 센터는 캐세드라가 25%의 지분을 보유한 합작 투자로 개발되었습니다. 현재 이 회사는 약 44.7 비트코인을 보유하고 있으며, 이는 약 320만 달러 미국에 해당하며, 주당 5사토시와 같습니다.
Cathedra Bitcoin a électrisé environ 15 mégawatts supplémentaires de capacité dans son centre de données du Dakota du Nord, portant la capacité totale électrisée à 45 mégawatts sur une prévision de 60 mégawatts. Les 15 mégawatts restants devraient être électrisés prochainement. La capacité est contractée à des clients institutionnels par le biais de contrats d'hébergement à tarif fixe et d'accords de partage des bénéfices. Le centre de données du Dakota du Nord est développé par le biais d'une coentreprise dont Cathedra détient une participation de 25%. L'entreprise détient actuellement 44,7 bitcoin, évalués à environ 3,2 millions de dollars américains, soit 5 satoshis par action.
Cathedra Bitcoin hat etwa 15 Megawatt zusätzliche Kapazität in seinem Rechenzentrum in Norddakota aktiviert, wodurch die insgesamt aktivierte Kapazität auf 45 Megawatt von erwarteten 60 Megawatt steigt. Die verbleibenden 15 Megawatt werden bald aktiviert. Die Kapazität ist über Festpreishosting-Verträge und Gewinnbeteiligungsvereinbarungen an institutionelle Kunden vertraglich gebunden. Das Rechenzentrum in Norddakota wird durch ein Joint Venture entwickelt, an dem Cathedra 25% der Anteile hält. Das Unternehmen hält derzeit 44,7 Bitcoin, die auf etwa 3,2 Millionen US-Dollar geschätzt werden, was 5 Satoshis pro Aktie entspricht.
- Expanded operational capacity by 15 MW to reach 45 MW total
- Secured contracts with institutional clients for entire capacity
- Holds 44.7 bitcoin worth US$3.2 million
- Only 25% ownership stake in the North Dakota data center joint venture
Toronto, Ontario--(Newsfile Corp. - October 30, 2024) - (Block Height: 868,000) - 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 provide the following updates:
Operations Update
North Dakota Operations
In recent weeks, the Company has energized approximately 15 additional megawatts of capacity at its North Dakota data center, bringing the total energized capacity on-site to 45 megawatts of the total expected 60 megawatts. The Company expects to energize the remaining 15 megawatts in the coming days. The entirety of this capacity is contracted to high-quality institutional clients, with a mix of fixed-rate hosting contracts and profit-share agreements. The North Dakota data center is being developed by a joint venture in which Cathedra is a
At time of publishing, the Company holds approximately 44.7 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. Additionally, 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/228294
FAQ
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