Cathedra Bitcoin Inc. Issues Shareholder Letter and Operational Update

Core Insights - Cathedra Bitcoin Inc. has undergone a strategic reset in 2025, focusing on long-term value creation and disciplined growth [2][7] - The company emphasizes power and infrastructure as a core component of its strategy, aiming to leverage reliable and cost-effective power sources [3][4] - Cathedra's operational highlights include the successful commissioning of a new 15 MW data center, increasing total operational power capacity by approximately 50% [11] Strategic Focus - The company is concentrating on rural areas with existing power availability in sub-20 megawatt allocations, which is seen as a competitive advantage [4] - By utilizing flexible load characteristics, Cathedra has secured below-market electricity rates, enhancing operational resilience [5] Operational Highlights - Cathedra has made significant strides in expanding and optimizing its infrastructure footprint, with a focus on operational discipline and responsible capital allocation [6] - The company awarded an additional 555,000 restricted share units to directors and officers, reinforcing alignment towards long-term value creation [6] Outlook for 2026 - Cathedra enters 2026 with established strategic pillars of power and infrastructure, aiming to translate strategy into scale and shareholder returns [7] - The company plans to execute its roadmap to achieve over 60 MW of capacity and enhance investor relations communications for better transparency [12] Management Commentary - The Director and Head of Strategy highlighted the importance of building power infrastructure assets at below-market rates and the commitment to execution moving forward [9] Company Overview - Cathedra Bitcoin Inc. develops and operates power and digital infrastructure assets across North America, hosting bitcoin mining clients in four data centers with a total capacity of 45 MW [10] - The company operates a fleet of proprietary bitcoin mining machines, producing approximately 400 PH/s of hash rate [10]