Cathedra Bitcoin Announces Completion Of 60-Megawatt North Dakota Data Center
Date
11/4/2024 7:14:17 AM
(MENAFN- Newsfile Corp)
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 or follow Company news on Twitter at @CathedraBitcoin or on Telegram at @CathedraBitcoin .
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