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Cathedra Bitcoin Announces Early Repayment of Outstanding Debt
Newsfile· 2025-07-18 11:00
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]
BitFuFu to Report First Quarter 2025 Unaudited Financial Results on June 5, 2025
Globenewswire· 2025-05-29 12:00
Core Viewpoint - BitFuFu Inc. is set to release its unaudited financial results for Q1 2025 on June 5, 2025, before U.S. markets open, indicating the company's ongoing commitment to transparency and investor communication [1]. Company Overview - BitFuFu Inc. is recognized as a world-leading Bitcoin miner and innovator in mining services, focusing on empowering the global Bitcoin network through its advanced cloud mining platform and rapidly scaling infrastructure [3]. Earnings Conference Call - The management team will conduct an earnings conference call on June 5, 2025, at 8:00 A.M. U.S. Eastern Time, allowing investors to gain insights into the company's performance [1]. - Participants must register in advance to join the conference call, receiving a confirmation email with dial-in numbers and a unique access PIN [2]. Investor Relations - For investor inquiries, BitFuFu provides contact details for its Investor Relations team, ensuring open lines of communication for stakeholders [4].
Bitfarms Schedules First Quarter 2025 Conference Call on May 14, 2025
GlobeNewswire News Room· 2025-05-07 11:00
Core Viewpoint - Bitfarms Ltd. is set to report its first quarter 2025 financial results on May 14, 2025, before market opening, with a conference call scheduled for the same day at 8:00 am ET [1]. Company Overview - Bitfarms Ltd. was founded in 2017 and operates as a global energy and compute infrastructure company, focusing on the development, ownership, and operation of vertically integrated high-performance computing (HPC) and Bitcoin mining data centers [3]. - The company currently operates 15 Bitcoin data centers across four countries: the United States, Canada, Argentina, and Paraguay [3]. Sustainability Commitment - Bitfarms is primarily powered by environmentally friendly hydro-electric energy and long-term power contracts, emphasizing its commitment to sustainable and often underutilized energy infrastructure [4].