Cathedra Bitcoin Announces Operations Updates
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) ha fornito aggiornamenti operativi per i suoi beni di infrastruttura digitale in Nord America. L'azienda ha attivato circa 20 megawatt di capacità aggiuntiva nel suo data center del Dakota del Nord, portando la capacità totale attivata a 30 megawatt su un totale previsto di 60 megawatt. I restanti 30 megawatt dovrebbero essere attivati nel corso delle prossime tre settimane.
Cathedra ha anche modificato alcuni contratti di hosting per includere un accordo di condivisione dei profitti, consentendo all'azienda di condividere i profitti netti derivanti dalle macchine dei clienti nei suoi data center. Questa strategia mira ad aumentare l'esposizione ai profitti, coprendo allo stesso tempo i costi energetici e raccogliendo bitcoin senza ulteriori spese di capitale o rischi.
Al momento dell'annuncio, Cathedra detiene circa 44,3 bitcoin, valutati circa 2,7 milioni di dollari statunitensi, corrispondenti a circa 5 satoshi per azione.
Cathedra Bitcoin Inc. (TSXV: CBIT) (OTC Pink: CBTTF) ha proporcionado actualizaciones operativas para sus activos de infraestructura digital en América del Norte. La empresa ha energizado aproximadamente 20 megavatios de capacidad adicional en su centro de datos en Dakota del Norte, llevando la capacidad total energizada a 30 megavatios de los 60 megavatios esperados. Se espera que los 30 megavatios restantes sean energizados en las próximas tres semanas.
Cathedra también ha modificado ciertos contratos de hospedaje para incluir un acuerdo de participación en beneficios, permitiendo a la empresa compartir las ganancias netas de las máquinas de los clientes en sus centros de datos. Esta estrategia tiene como objetivo aumentar la exposición al potencial de ganancias mientras cubre los costos de energía y recoge bitcoin sin gastos de capital adicionales o riesgos.
Al momento del anuncio, Cathedra posee aproximadamente 44,3 bitcoin, valorados en aproximadamente 2,7 millones de dólares estadounidenses, lo que equivale a aproximadamente 5 satoshis por acción.
Cathedra Bitcoin Inc. (TSXV: CBIT) (OTC Pink: CBTTF)는 북미 디지털 인프라 자산에 대한 운영 업데이트를 제공했습니다. 이 회사는 약 20메가와트의 추가 용량을 북다코타 데이터 센터에서 활성화하여 총 활성화 용량을 예상된 60메가와트 중 30메가와트로 끌어올렸습니다. 남은 30메가와트는 다음 3주 내에 활성화될 것으로 예상됩니다.
Cathedra는 또한 일부 호스팅 계약을 수정하여 고객 기계의 순이익을 공유할 수 있는 수익 공유 계약을 포함시켰습니다. 이 전략은 전력 비용을 충당하고 추가 자본 지출이나 위험 없이 비트코인을 수집하면서 상승 잠재력을 높이는 것을 목표로 합니다.
발표 시점에서 Cathedra는 약 44.3 비트코인을 보유하고 있으며, 이는 약 270만 달러로 평가되며, 주당 약 5사토시의 가치가 있습니다.
Cathedra Bitcoin Inc. (TSXV: CBIT) (OTC Pink: CBTTF) a fourni des mises à jour opérationnelles concernant ses actifs d'infrastructure numérique en Amérique du Nord. L'entreprise a activé environ 20 mégawatts de capacité supplémentaire dans son centre de données du Dakota du Nord, portant la capacité totale activée à 30 mégawatts sur les 60 mégawatts prévus. Les 30 mégawatts restants devraient être activés dans les trois prochaines semaines.
Cathedra a également modifié certains contrats d'hébergement pour inclure un accord de partage des bénéfices, permettant à l'entreprise de partager les bénéfices nets des machines des clients dans ses centres de données. Cette stratégie vise à augmenter l'exposition aux bénéfices tout en couvrant les coûts de l'énergie et en collectant du bitcoin sans dépenses de capital supplémentaires ni risques.
Au moment de l'annonce, Cathedra détient environ 44,3 bitcoins, évalués à environ 2,7 millions de dollars américains, soit environ 5 satoshis par action.
Cathedra Bitcoin Inc. (TSXV: CBIT) (OTC Pink: CBTTF) hat betriebliche Updates für seine digitalen Infrastrukturanlagen in Nordamerika bereitgestellt. Das Unternehmen hat ungefähr 20 Megawatt zusätzliche Kapazität in seinem Rechenzentrum in North Dakota aktiviert, wodurch die gesamte aktivierte Kapazität auf 30 Megawatt von den erwarteten 60 Megawatt steigt. Die verbleibenden 30 Megawatt sollen in den nächsten drei Wochen aktiviert werden.
Cathedra hat auch bestimmte Hosting-Verträge geändert, um eine Gewinnbeteiligungsvereinbarung zu integrieren, die es dem Unternehmen ermöglicht, die Nettogewinne aus den Maschinen der Kunden in seinen Rechenzentren zu teilen. Diese Strategie zielt darauf ab, die Gewinnchancen zu erhöhen, während die Energiekosten gedeckt und Bitcoin ohne zusätzliche Investitionen oder Risiken gesammelt werden.
Zum Zeitpunkt der Ankündigung hält Cathedra ungefähr 44,3 Bitcoin, die auf etwa 2,7 Millionen US-Dollar geschätzt werden, was etwa 5 Satoshis pro Aktie entspricht.
- Energized 20 additional megawatts at North Dakota data center, reaching 30 MW total
- Amended hosting contracts to include profit share arrangement, potentially increasing revenue
- Holds 44.3 bitcoin worth approximately US$2.7 million
- 30 megawatts of capacity still to be energized in North Dakota
Toronto, Ontario--(Newsfile Corp. - October 10, 2024) - (Block Height: 864,950) - Cathedra Bitcoin Inc. (TSXV: CBIT) (OTC Pink: CBTTF) ("Cathedra" or the "Company"), a Bitcoin-focused developer and operator of digital infrastructure assets across North America, is pleased to provide the following updates:
Operations Update
North Dakota Operations
In recent weeks, the Company has energized approximately 20 additional megawatts of capacity at its North Dakota data center, bringing the total energized capacity on-site to 30 megawatts of the total expected 60 megawatts. The Company expects to energize the remaining 30 megawatts in the next three weeks. This North Dakota data center is being developed by a joint venture in which Cathedra is a
Contract Restructuring
In recent weeks, the Company amended the terms of certain of its hosting contracts with customers to include a profit share arrangement, whereby Cathedra and the customer will share net profits produced by the customer's machines at Cathedra's data center(s) (with "net profits" defined as mining revenue less cost of power).
"A profit share arrangement is an elegant way to increase our upside exposure while ensuring we still cover our power costs each month," remarked Cathedra's President and COO, Drew Armstrong. "Additionally, receiving a share of bitcoin profits allows us to collect a stream of bitcoin without incurring the additional capex or risk associated with purchasing mining machines. This aligns with our goal of maximizing per-share bitcoin holdings for our shareholders."
At time of publishing, the Company holds approximately 44.3 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
Cautionary Statement
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.
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 information concerning the Warrants, the Company's expectations with respect to the amendments to the terms for one of its leased bitcoin mining facilities in Washington State and the Company's compensation expectations under the demand response program through the Tennessee Valley Authority. 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: the potential impact of the announcement of the completion of the Transaction on 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, and the risks and uncertainties associated with foreign markets. Additionally, the forward-looking statements contained herein may be affected by risks and uncertainties in the business of Cathedra and general market conditions. Please see the Company's management information circular dated June 18, 2024 which is available for view the Company's SEDAR+ profile on www.sedarplus.ca. 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, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. Readers should not place undue reliance on forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in 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/226240
FAQ
What is the current energized capacity at Cathedra Bitcoin's North Dakota data center?
How has Cathedra Bitcoin restructured its hosting contracts?
How much bitcoin does Cathedra Bitcoin (CBTTF) currently hold?
When does Cathedra Bitcoin (CBTTF) expect to energize the remaining capacity in North Dakota?
