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Cathedra Bitcoin Announces Proposed Share Consolidation
Newsfileยท2025-09-23 21:43

Core Viewpoint - Cathedra Bitcoin Inc. has announced a 30:1 consolidation of its subordinate and multiple voting shares to streamline its capital structure [1][4]. Share Consolidation Details - The record date for the consolidation is expected to be around October 14, 2025, with the effective date on or about October 15, 2025, pending approval from the TSX Venture Exchange [2]. - Every 30 shares will be consolidated into one share, with no fractional shares issued; any fractions will be rounded down [2]. - The consolidated shares will continue to trade under the symbols "CBIT" on the TSX Venture Exchange and "CBTTF" on the OTCQB, with a new CUSIP number for the adjusted shares [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 [5]. - The company has recently developed and sold a 60-megawatt data center in North Dakota, where it held a minority interest, with the closing expected in 2025 [5]. - Cathedra operates a fleet of proprietary bitcoin mining machines, producing approximately 400 PH/s of hash rate [5].