Debt ManagementCathedra announced converting roughly C$11M of debt to 98M of shares, paring the balance to C$5.7M and extending terms to 2025 at 3.5% interest.
Financial PerformanceCathedra reported March revenue of C$4.1M, well above the C$3.4M estimate and the C$1.1M generated in the December quarter.
Operational SynergiesImmediate deal synergies include the reduction of Cathedra's power costs per mining output while Kungsleden's expertise was derived from its six-plus years of datacenter building and operating experience.