05:11:47 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Cathedra Bitcoin Inc
Symbol CBIT
Shares Issued 137,522,563
Close 2023-10-25 C$ 0.115
Market Cap C$ 15,815,095
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Cathedra rolls out CathedraOS for bitcoin mining

2023-10-25 09:54 ET - News Release

Mr. Drew Armstrong reports

CATHEDRA BITCOIN LAUNCHES BITCOIN MINING FIRMWARE PRODUCT, CATHEDRAOS

Cathedra Bitcoin Inc. has launched CathedraOS (the firmware), an aftermarket software product for bitcoin mining machines.

Product overview

Over the last year, Cathedra has pioneered the use of aftermarket firmware for its bitcoin mining machines to improve fleet efficiency and maximize operating cash flow. In that time, the Cathedra team has experimented with the various products across the industry and has developed extensive expertise. Today, Cathedra makes this expertise available to the public in its own aftermarket firmware product, CathedraOS, which can be downloaded for free on the company's website by all bitcoin miners who agree to the terms of the company's end-user agreement. Cathedra will receive a share of the hash rate produced by each end user of the firmware as a developer fee, resulting in capex (capital expenditure)-free and opex (operating expenditure)-free hash rate expansion for the company.

"We are proud of the optimizations we have made to increase Cathedra's fleet performance and are excited to now open our playbook to new partners," remarked Isaac Fithian, chief field operations and manufacturing officer (CFOMO) of Cathedra.

"CathedraOS allows our company to diversify revenue streams and expand hash rate with minimal capex and minimal opex," added Drew Armstrong, chairman and president of the company. "We believe that our fellow miners will benefit from this tool and from our experience, as we all approach the halving and underclocking becomes even more important."

About Cathedra Bitcoin Inc.

Cathedra Bitcoin is a bitcoin company that believes sound money and abundant energy are the keys to human flourishing. The company has diversified bitcoin mining operations which produce 355 PH/s (petahashes per second) across three states and five locations in the United States. The company is focused on managing and expanding its portfolio of hash rate through a diversified approach to site selection and operations, utilizing multiple energy sources across various jurisdictions.

We seek Safe Harbor.

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