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Cathedra Bitcoin Inc ( (TSE:CBIT) ) just unveiled an update.
Cathedra Bitcoin Inc. has entered into a new 10-megawatt power purchase agreement for a potential bitcoin mining data center in Tennessee. This expansion marks the company’s second site in the state and is expected to begin construction following regulatory approvals. The project will be funded using existing resources, potentially operational within three months, enhancing Cathedra’s infrastructure and market position.
More about Cathedra Bitcoin Inc
Cathedra Bitcoin Inc. is a digital infrastructure company based in Vancouver, operating across North America with the aim of maximizing its per-share bitcoin holdings. The company hosts bitcoin mining clients in data centers located in Tennessee, Kentucky, and North Dakota, and operates proprietary bitcoin mining machines producing a significant hash rate. Its shares trade on the TSX Venture Exchange and the OTC market.
YTD Price Performance: 0%
Average Trading Volume: 531,106
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$55.66M
Learn more about CBIT stock on TipRanks’ Stock Analysis page.
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