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Cathedra Bitcoin Inc ( (TSE:CBIT) ) has shared an update.
Cathedra Bitcoin Inc. has announced several strategic operational updates, including a new 10 MW hosting agreement with Sphere 3D Mining and the continuation of a partnership with Compass Mining. The company is also expanding its Brickyard site to 15 MW, aiming to increase its total power capacity to 50 MW. Additionally, Cathedra has closed a private placement raising CAD $537,500, which will be used to advance infrastructure development. These moves are part of Cathedra’s disciplined growth strategy to strengthen its market position and align its leadership team with shareholder interests.
The most recent analyst rating on (TSE:CBIT) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Cathedra Bitcoin Inc stock, see the TSE:CBIT Stock Forecast page.
Spark’s Take on TSE:CBIT Stock
According to Spark, TipRanks’ AI Analyst, TSE:CBIT is a Neutral.
Cathedra Bitcoin Inc’s overall stock score is primarily impacted by its weak financial performance and valuation. The company’s profitability and cash flow challenges are significant concerns. Technical analysis indicates a bearish trend, further weighing on the stock’s attractiveness. The lack of earnings call data and corporate events means these factors do not influence the score.
To see Spark’s full report on TSE:CBIT stock, click here.
More about Cathedra Bitcoin Inc
Cathedra Bitcoin Inc. operates in the cryptocurrency industry, focusing on developing and managing digital infrastructure assets. The company is dedicated to expanding its capacity and optimizing efficiencies, with a market focus on enhancing power stability and site diversification.
Average Trading Volume: 13,286
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$40.14M
See more data about CBIT stock on TipRanks’ Stock Analysis page.