Welcome to our dedicated page for Cathedra Bitcoin news (Ticker: CBTTF), a resource for investors and traders seeking the latest updates and insights on Cathedra Bitcoin stock.
Cathedra Bitcoin Inc. (CBTTF) operates high-density digital infrastructure for bitcoin mining across North America, combining proprietary operations with strategic hosting services. This page aggregates official news and press releases to help investors and industry observers track the company's evolving role in cryptocurrency infrastructure.
Access real-time updates on operational milestones, including data center expansions, equipment upgrades, and partnership developments with entities like Kungsleden Inc. and Compass Mining. The curated feed includes earnings disclosures, efficiency initiatives (such as underclocking implementations), and progress reports on facilities in Tennessee, Kentucky, and North Dakota.
Content spans three key areas: operational updates detailing hash rate improvements and energy optimization efforts, strategic announcements about joint ventures and hosting agreements, and financial reports providing insights into bitcoin production and cost management strategies. Bookmark this page for streamlined monitoring of Cathedra's progress in maximizing per-share bitcoin holdings through hybrid mining-hosted revenue models.
Cathedra Bitcoin Inc. (OTCQX: CBTTF) reported a significant increase in Q1 2022 revenue from mining operations, reaching approximately $3.11 million, up from $0.65 million in Q1 2021. The company has successfully deployed its final mining container, achieving a total hash rate of 155 PH/s. With a focus on restructuring for market challenges, Cathedra closed a private placement for $6.45 million and sold 235 bitcoin for around $8.77 million. The total cash and bitcoin held as of May 27, 2022, was approximately $2.69 million.
Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQX: CBTTF) has successfully closed a non-brokered private placement offering, raising gross proceeds of
Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQX: CBTTF) has granted 300,000 restricted share units (RSUs) and 88,841 options to employees under its long-term incentive plan, with an exercise price of C$0.35 per share as of May 17, 2022. The Company also announced the cancellation of 300,000 RSUs previously held by certain directors and officers. Cathedra, focused on Bitcoin mining, currently operates with a hash rate of 187 PH/s and plans to deploy an additional 538 PH/s in 2022, aiming for a total of 725 PH/s.
Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQX: CBTTF) has announced a non-brokered private placement offering with Kingsway Capital and Ten31, raising approximately C$6,450,000 by selling up to 17,916,667 units at C$0.36 each. Each unit includes one common share and 0.75 warrants, which can be exercised at prices ranging from C$0.54 to C$1.54 over five years. Proceeds will support general corporate purposes and working capital. The offering is expected to close around May 20, 2022, pending regulatory approvals.
Cathedra Bitcoin Inc. (CBTTF) reported a transformative fiscal year 2021, boasting a 660% revenue increase to
Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQX: CBTTF) has shipped its first batch of 750 Bitmain Antminer S19j Pro mining machines, expected to be delivered soon to its facilities in Washington and New Hampshire. The Washington facility will receive 560 machines, aimed at increasing the company's hash rate by 35 PH/s to a total of 67 PH/s. An additional 4,350 mining machines will be delivered monthly until year-end, projecting a total hash rate of 725 PH/s. This expansion underscores Cathedra's commitment to enhancing its bitcoin mining infrastructure.
Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQX: CBTTF) is participating in two key conferences this spring. The Empower: Energizing Bitcoin Conference will occur on March 30, 2022, in Houston, TX, featuring discussions led by senior executives. Following this, Bitcoin 2022 in Miami, FL, spans from April 6-8, 2022, with several panels including topics moderated by CEO AJ Scalia. Cathedra aims to enhance its bitcoin mining capacity from 187 PH/s to 725 PH/s by deploying additional infrastructure. Live webcasts of these events will be available on their website.
Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQX: CBTTF) has begun manufacturing its proprietary mobile bitcoin mining centers, known as Bitcoin Mining Rovers. This initiative allows Cathedra to expand its mining capabilities while controlling supply chain costs through vertical integration. The Rovers will be produced in
Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQX: CBTTF) is set to participate in three conferences in March 2022, highlighting its commitment to advancing bitcoin mining infrastructure. The company will engage in a fireside chat with CEO AJ Scalia at the Canaccord Genuity Blockchain Infrastructure & Mining Summit on March 17, followed by a panel discussion featuring President & COO Drew Armstrong at the Bitcoin Takeover Conference on March 18 in Austin, TX. A future panel discussion at the Empower Conference in Houston, TX, is scheduled for March 30. Cathedra currently operates with 187 PH/s and aims for a total of 725 PH/s after deploying additional miners.
Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQX: CBTTF) has released its annual letter to shareholders for 2021, where management discusses key topics like energy markets, monetary systems, and Bitcoin. The company currently owns 187 PH/s in mining capacity and plans to deploy an additional 538 PH/s in 2022, aiming for a total of 725 PH/s. Cathedra emphasizes strategic site selection and diverse energy sources for its operations. Caution is advised as trading in Cathedra's securities is highly speculative, and future results may differ significantly due to various risks.
