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Cathedra Bitcoin Announces Corporate and Operational Updates
Toronto, Ontario--(Newsfile Corp. - December 3, 2025) - Cathedra Bitcoin Inc. (TSXV: CBIT) (OTCQB...
About this update from Cathedra Bitcoin Inc
[{"type":"text","content":"Cathedra Bitcoin Announces Corporate and Operational UpdatesToronto, Ontario--(Newsfile Corp. - December 3, 2025) - Cathedra Bitcoin Inc. (TSXV: CBIT) (OTCQB: CBTTF) (the \"Company\", \"Cathedra\", \"we\" or \"us\"), a bitcoin company that develops and operates digital infrastructure assets, is pleased to announce the following corporate and operational updates. The Company continues to advance its strategic expansion by building out new infrastructure, executing on a disciplined operational plan designed to increase capacity and optimize for efficiencies, improve site diversification, and enhance long-term power stability.10 MW Hosting Partnership with Sphere 3D MiningThe Company has entered into a new 10 megawatt (MW) hosting agreement with Sphere 3D Mining Corp. This agreement strengthens the Company's strategy of distributing operational exposure across multiple hosting providers while maintaining flexibility in deployment scheduling. Initial machine onboarding commenced in November 2025.Continuation of Hosting Partnership with Compass MiningFurther to the Company's previously announced partnership on October 24, 2024, the hosting relationship with Compass Mining will continue as planned. Under the partnership, Cathedra hosts 10 MW of Compass Mining's equipment at one of Cathedra's data centers in Kentucky. As part of the partnership, Compass Mining operates the site and pays pass-through power costs plus 50% of net profits (defined as net mining revenue less cost of power) to Cathedra in bitcoin. Brickyard Site Expansion to 15 MWThe Company has secured approval for a 5 MW expansion at its Brickyard site in Kentucky, bringing the total planned capacity of the site to 15 MW. Construction is expected to begin in December. The Company anticipates this project being completed in a similar timeframe as the recently added 15 MW of power capacity, bringing its total power capacity to 50 MW.Equity GrantsPursuant to the Company's Long Term Incentive Plan (the \"LTIP\"), the Company has granted an aggregate of 235,000 restricted share units (\"RSUs\") and 500,000 share purchase options (the \"Options\" and together with the RSUs, the \"Equity Awards\") to certain directors and executive officers of the Company. The stock options have an exercise price of CAD $1.42 per share, equal to the closing price of the Company's common shar...