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Cathedra Bitcoin Inc ( (TSE:CBIT) ) has shared an update.
Cathedra Bitcoin Inc. reported a net loss of C$4.2 million for Q2 2025, primarily due to an unrealized foreign exchange loss. The company prepaid a US$2.56 million loan by liquidating 21.5 bitcoin, benefiting from bitcoin’s price appreciation, and retained 28.9 bitcoin to enhance its financial position. Cathedra also announced a leadership transition with Joel Block as the new CEO and a strategic expansion plan, including a new 15 MW data center lease expected to increase its power capacity by 50%. These moves aim to strengthen Cathedra’s financial flexibility and support its growth initiatives in the bitcoin mining industry.
Spark’s Take on TSE:CBIT Stock
According to Spark, TipRanks’ AI Analyst, TSE:CBIT is a Neutral.
The overall stock score of 46 reflects significant financial performance challenges, particularly in profitability and cash flow. Technical analysis provides some positive signals, but they are not strong enough to offset the financial weaknesses. Valuation concerns further weigh down the score, with a negative P/E ratio indicating potential overvaluation.
To see Spark’s full report on TSE:CBIT stock, click here.
More about Cathedra Bitcoin Inc
Cathedra Bitcoin Inc. is a developer and operator of digital infrastructure assets across North America, focusing on bitcoin mining. The company hosts bitcoin mining clients in its data centers located in Tennessee and Kentucky, and operates proprietary bitcoin mining machines. Cathedra’s shares are traded on the TSX Venture Exchange and the OTC market.
Average Trading Volume: 414,308
Technical Sentiment Signal: Sell
Current Market Cap: C$51.62M
For detailed information about CBIT stock, go to TipRanks’ Stock Analysis page.