Cathedra Bitcoin Inc.

Cathedra Bitcoin Inc. (TSXV: CBIT.V) is a Canadian public company focused exclusively on Bitcoin mining and infrastructure. Headquartered in Canada, Cathedra operates with a mission to secure the Bitcoin network while generating value for its shareholders through efficient, scalable mining operations. The company leverages its expertise in energy management and data center operations to optimize mining profitability, even in volatile market conditions.

Cathedra’s Bitcoin strategy centers on long-term accumulation and prudent treasury management. By strategically acquiring and, when necessary, liquidating Bitcoin, Cathedra aims to maintain operational flexibility while maximizing exposure to Bitcoin’s upside potential. The company’s investment thesis is rooted in the belief that Bitcoin represents a transformative monetary technology and a superior store of value. This conviction drives Cathedra’s ongoing commitment to expanding its mining capacity and holding a significant portion of its treasury in Bitcoin.

Within the competitive landscape of North American Bitcoin miners, Cathedra stands out for its disciplined approach to capital allocation and its focus on sustainable growth. The company’s recent activities—including asset sales and debt restructuring—underscore its commitment to financial resilience and operational efficiency. As a result, Cathedra has positioned itself as a notable player in the Canadian Bitcoin mining sector, contributing to the broader adoption and security of the Bitcoin network.

Recent Developments

Cathedra Bitcoin Inc. has been active in managing its Bitcoin treasury, with several notable transactions and operational updates over the past year:

• March 25, 2025: Added 4.4 BTC to its holdings, reflecting continued confidence in Bitcoin as a core treasury asset (cathedra.com).
• November 27, 2024: Increased its Bitcoin reserves by 7 BTC, as reported in the company’s third-quarter 2024 financial results (cathedra.com).
• August 29, 2024: Removed 3.7 BTC from its treasury, detailed in the second-quarter 2024 financial results (cathedra.com).
• March 28, 2024: Added 11.3 BTC, according to the fourth-quarter and full-year 2023 financial results (cathedra.com).
• January 3, 2024: Removed 129.7 BTC as part of an operational update (cathedra.com).
• September 2024: As of September 2024, Cathedra reported holding 41.1 BTC, according to public disclosures and social media updates (x.com).

In addition to these treasury movements, Cathedra has taken significant steps to strengthen its financial position. In March 2025, the company announced the sale of a 60-megawatt Bitcoin mining data center in North Dakota, a move aimed at optimizing its asset portfolio and improving capital efficiency (newsfilecorp.com). Shortly thereafter, Cathedra completed a favorable debt restructuring, retiring C$5.7 million of convertible debt at a discount and canceling 10.9 million warrants, further enhancing its balance sheet (newsfilecorp.com).

Cathedra Bitcoin Inc. continues to adapt to the evolving Bitcoin mining landscape, balancing operational growth with prudent treasury management. Its recent activities reflect a commitment to long-term value creation and a belief in Bitcoin’s enduring potential as a treasury asset.