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The latest announcement is out from Cathedra Bitcoin Inc ( (TSE:CBIT) ).
Cathedra Bitcoin Inc. has successfully restructured its debt by retiring C$5.7 million of convertible debt at a 20% discount and canceling 10.9 million warrants. This move reduces the company’s debt obligations by approximately C$2.2 million, prevents potential dilution, and provides greater financial flexibility by replacing an all-asset lien with a more favorable security arrangement involving only 50 bitcoins.
More about Cathedra Bitcoin Inc
Cathedra Bitcoin Inc. is a company that develops and operates digital infrastructure assets across North America, focusing on maximizing its per-share bitcoin holdings. It hosts bitcoin mining clients in data centers located in Tennessee and Kentucky and has been involved in a joint venture for a data center in North Dakota. The company also operates bitcoin mining machines, contributing to a significant hash rate, and is headquartered in Vancouver.
YTD Price Performance: -53.85%
Average Trading Volume: 325,890
Technical Sentiment Signal: Buy
Current Market Cap: C$25.69M
Find detailed analytics on CBIT stock on TipRanks’ Stock Analysis page.