Cathedra Bitcoin Inc (TSE:CBIT)
:CBIT
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Cathedra Bitcoin Inc
(CBIT)
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Rating:41Neutral
Price Target:
C$0.26
▼(-59.69% Downside)
Action:ReiteratedDate:03/26/26
The score is driven primarily by weak and unstable financial performance—loss-making results, revenue decline, and recurring negative free cash flow—despite improved leverage. Technicals remain bearish (below key moving averages with negative MACD), with oversold readings providing only modest offset. Valuation is difficult to support due to negative earnings and no dividend yield provided.
Positive Factors
Manageable Leverage
A very low debt-to-equity position in the latest period provides durable financial flexibility for a capital-intensive miner. It reduces near-term solvency risk, supports access to financing for rig purchases, and better cushions the company versus crypto cycles over the next 2-6 months.
Negative Factors
Profitability Volatility
Large swings from prior profitability to a deep loss and negative margins show earnings are unstable and sensitive to bitcoin price, network difficulty and cost structure. This volatility undermines sustainable profitability and planning for capital investments over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable Leverage
A very low debt-to-equity position in the latest period provides durable financial flexibility for a capital-intensive miner. It reduces near-term solvency risk, supports access to financing for rig purchases, and better cushions the company versus crypto cycles over the next 2-6 months.
Read all positive factors
Cathedra Bitcoin Inc (CBIT) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$9.26M
Dividend YieldN/A
Average Volume (3M)13.88K
Price to Earnings (P/E)―
Beta (1Y)2.16
Revenue Growth13.07%
EPS Growth-609.11%
CountryCA
Employees5
SectorTechnology
Sector Strength88
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)-0.35
Shares Outstanding8,536,902
10 Day Avg. Volume16,929
30 Day Avg. Volume13,878
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.18
Price to Sales (P/S)1.33
P/FCF Ratio-13.83
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.36
Revenue Forecast (FY)C$29.70M
Cathedra Bitcoin Inc Business Overview & Revenue Model
Company Description
Cathedra Bitcoin Inc. operates as a bitcoin mining company in the United States. It develops and operates bitcoin mining infrastructure. The company was formerly known as Fortress Technologies Inc. and changed its name to Cathedra Bitcoin Inc. in ...
How the Company Makes Money
CBIT’s primary source of revenue is bitcoin mining. The company contributes computing power (hashrate) to the Bitcoin network using specialized mining equipment; in return, it earns bitcoin when its mining activity (directly or via participation i...
Cathedra Bitcoin Inc Financial Statement Overview
Summary
Income Statement
27
Negative
Balance Sheet
63
Positive
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 21.19M | 23.14M | 10.92M | 8.81M | 7.80M |
| Gross Profit | -3.98M | 3.87M | -2.04M | -5.22M | 1.83M |
| EBITDA | -2.18M | 6.37M | 3.98M | -34.63M | 4.34M |
| Net Income | -9.96M | 673.84K | -5.48M | -45.03M | 718.11K |
Balance Sheet | |||||
| Total Assets | 32.16M | 71.20M | 18.86M | 25.76M | 58.37M |
| Cash, Cash Equivalents and Short-Term Investments | 1.67M | 101.37K | 2.57M | 3.22M | 9.44M |
| Total Debt | 1.36M | 6.96M | 7.35M | 18.67M | 19.83M |
| Total Liabilities | 8.33M | 27.40M | 9.60M | 20.99M | 23.78M |
| Stockholders Equity | 23.83M | 28.28M | 9.25M | 4.77M | 34.59M |
Cash Flow | |||||
| Free Cash Flow | -2.04M | -788.68K | -8.19M | -22.78M | -41.08M |
| Operating Cash Flow | 758.96K | -788.68K | -8.13M | 2.55M | -19.23M |
| Investing Cash Flow | 10.31M | 4.43M | 8.70M | -13.24M | -12.39M |
| Financing Cash Flow | -5.87M | -3.66M | -3.45M | 6.19M | 34.45M |
Cathedra Bitcoin Inc Technical Analysis
Neutral
0.64
Price Trends
0.44
Negative
0.75
Negative
1.22
Negative
Market Momentum
-0.04
Negative
44.49
Neutral
20.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CBIT, the sentiment is Neutral. The current price of 0.64 is above the 20-day moving average (MA) of 0.30, above the 50-day MA of 0.44, and below the 200-day MA of 1.22, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 44.49 is Neutral, neither overbought nor oversold. The STOCH value of 20.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:CBIT.
Cathedra Bitcoin Inc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
53 Neutral | C$24.51M | 5.12 | -63.28% | ― | 3.46% | 94.86% | |
50 Neutral | C$8.19M | -12.02 | -277.20% | ― | ― | -10.61% | |
48 Neutral | C$58.81M | -5.39 | -8.68% | ― | 30.79% | 48.25% | |
46 Neutral | C$125.72M | 11.45 | -11.71% | ― | -34.67% | -203.85% | |
41 Neutral | C$9.26M | -1.55 | -13.56% | ― | 13.07% | -609.11% | |
41 Neutral | C$19.71M | 2.18 | ― | ― | 46.89% | 88.30% |
* Technology Sector Average
TSE:CBIT
Cathedra Bitcoin Inc
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Cathedra Bitcoin Inc Corporate Events
Business Operations and StrategyM&A Transactions
Cathedra Bitcoin Signs Major Hosting Deal Ahead of Sphere 3D Tie-Up
Positive
Apr 8, 2026
Cathedra Bitcoin Inc., a North American power and digital infrastructure operator serving the bitcoin mining sector, runs four data centers in Tennessee and Kentucky with 45 megawatts of capacity and operates its own high-performance mining fleet....
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresM&A TransactionsStock Split
Cathedra Bitcoin Widens 2025 Loss as It Agrees All-Stock Sale to Sphere 3D
Negative
Mar 24, 2026
Cathedra Bitcoin reported 2025 revenues of C$21.2 million, down from C$23.1 million a year earlier, and a significantly wider net loss of C$9.7 million versus a near break-even result in 2024. Despite the weaker financial performance, the company ...
Business Operations and StrategyM&A Transactions
Cathedra Bitcoin, Sphere 3D to Merge in All-Stock Deal, Form Vertically Integrated Compute Infrastructure Firm
Positive
Mar 6, 2026
Cathedra Bitcoin Inc. and Sphere 3D Corp. have agreed to an all-stock business combination that will see Sphere acquire all outstanding Cathedra shares, leaving Cathedra holders with roughly 49% of the combined company, which will keep Sphere̵...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.