Cathedra Bitcoin Announces Employment Agreement with Joel Block as Chief Executive Officer and Grant of Restricted Share Units

Core Viewpoint - Cathedra Bitcoin Inc. has appointed Joel Block as Chief Executive Officer, transitioning from a consulting agreement to a formal employment agreement, which includes the grant of restricted share units (RSUs) [1][2]. 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 located in Tennessee and Kentucky. The company also recently sold a 60-megawatt data center in North Dakota, where it held a minority interest [3]. - The company operates a fleet of proprietary bitcoin mining machines, producing approximately 400 PH/s of hash rate [3]. Employment Agreement Details - Under the new employment agreement, Joel Block was granted 43,427,522 RSUs, which are redeemable for subordinate voting shares of the company. These RSUs will vest in equal portions on the first, second, and third anniversaries of the grant date [2]. - The RSUs are subject to applicable securities laws and require approval from the TSX Venture Exchange [2].