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Cathedra Bitcoin Inc ( (TSE:CBIT) ) has provided an update.
Cathedra Bitcoin Inc. has announced the sale of its 60-megawatt bitcoin mining data center in North Dakota, which is part of a joint venture, for approximately US$21 million. The transaction is expected to yield a significant return on investment and will allow Cathedra to reinvest in new data centers, acquire more bitcoin, and increase cash reserves, thereby enhancing its operational and financial positioning.
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. The company hosts bitcoin mining clients in data centers located in Tennessee, Kentucky, and North Dakota, and operates a fleet of proprietary bitcoin mining machines. Cathedra is headquartered in Vancouver and trades on the TSX Venture Exchange and the OTC market.
YTD Price Performance: -8.33%
Average Trading Volume: 257,526
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$47.09M
For a thorough assessment of CBIT stock, go to TipRanks’ Stock Analysis page.