Cathedra Bitcoin Inc (TSE:CBIT) has released an update.
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Cathedra Bitcoin Inc. reported a modest year-over-year revenue increase in Q2 2024, attributing the growth to strategic adjustments such as ‘underclocking’ mining machines and a recent business combination with Kungsleden Inc., positioning itself beyond pure-play bitcoin mining. These moves, along with machine relocations for cost efficiency, have helped the company navigate challenging post-Halving mining conditions while holding a combined liquidity of C$4.9 million.
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