Cathedra Bitcoin Announces Early Repayment of Outstanding Debt

Core Insights - Cathedra Bitcoin Inc. has successfully repaid its bitcoin-backed loan of approximately US$2.560 million, which was secured by about 50.5 bitcoin and had an interest rate of 13.0% per annum [1][2] - The company liquidated approximately 21.6 bitcoin to fund the early repayment, with the remaining collateral of approximately 28.9 bitcoin returned to the company [2] - Since the loan was received, the price of bitcoin has appreciated by over 50%, allowing the company to strengthen its balance sheet [2][3] Company Overview - Cathedra Bitcoin Inc. develops and operates digital infrastructure assets across North America, hosting bitcoin mining clients in three data centers with a total capacity of 30 megawatts [4] - The company has also developed and sold a 60-megawatt data center in North Dakota, where it held a minority interest, with the closing anticipated in 2025 [4] - Cathedra operates a fleet of proprietary bitcoin mining machines, producing approximately 400 PH/s of hash rate [4]