Cathedra Bitcoin Inc (TSE:CBIT) has released an update.
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Cathedra Bitcoin Inc. has successfully merged with Kungsleden Inc., creating a powerful new entity in the high-density compute infrastructure market, set to manage 95 MW of power and 4.8 EH/s hash rate. The company’s shares are anticipated to recommence trading under the symbol ‘CBIT’ on the TSXV around the start of August 2024. This combination signifies a strategic expansion into sectors such as bitcoin mining and potentially artificial intelligence.
For further insights into TSE:CBIT stock, check out TipRanks’ Stock Analysis page.