Cathedra Bitcoin Inc (TSE:CBIT) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
For further insights into TSE:CBIT stock, check out TipRanks’ Stock Analysis page.
