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Cathedra Bitcoin Repurchases Another 14.2 Million Warrants for Cancellation
Toronto, Ontario--(Newsfile Corp. - May 7, 2025) - Cathedra Bitcoin Inc. (TSXV: CBIT) (OTCQB: CBT...
About this update from Cathedra Bitcoin Inc
[{"type":"text","content":"Cathedra Bitcoin Repurchases Another 14.2 Million Warrants for CancellationToronto, Ontario--(Newsfile Corp. - May 7, 2025) - Cathedra Bitcoin Inc. (TSXV: CBIT) (OTCQB: CBTTF) (the \"Company\" or \"Cathedra\"), a bitcoin company that develops and operates digital infrastructure assets with the goal of maximizing its per-share bitcoin holdings, is pleased to announce that it has purchased for cancellation an aggregate of 14,205,000 subordinate voting share purchase warrants (the \"Warrants\") for an aggregate of US$75,002 (the \"Transaction\"). The Warrants had an exercise price of C$0.12. 5,000,000 of the Warrants were to expire on March 26, 2026, 3,205,000 Warrants were to expire on November 11, 2026 and 6,000,000 Warrants were to expire on June 9, 2027. The Warrants were cancelled concurrently with the closing of the Transaction. \"In the last few weeks, we have capitalized on the volatility in our stock by repurchasing and cancelling a total of nearly 25 million outstanding warrants, between the repurchase we are announcing today and that announced on March 24, 2025. This is a unique opportunity to eliminate potential future dilution and enhance value for our shareholders,\" remarked Antonin Scalia, CEO of Cathedra. About Cathedra Bitcoin Inc.Cathedra Bitcoin Inc. develops and operates digital infrastructure assets across North America with the goal of maximizing its per-share bitcoin holdings. The Company hosts bitcoin mining clients across its portfolio of three data centers (30 megawatts total) in Tennessee and Kentucky and recently developed and sold a 60-megawatt data center in North Dakota, a joint venture in which Cathedra held a minority interest. Cathedra also operates a fleet of proprietary bitcoin mining machines at its own and third-party data centers, producing approximately 400 PH/s of hash rate. Cathedra is headquartered in Vancouver and its shares trade on the TSX Venture Exchange under the symbol CBIT and in the OTC market under the symbol CBTTF. At time of publishing, the Company holds approximately 50.7 bitcoin worth approximately US$4.8 million and amounting to approximately 6 satoshis (or \"sats\") per share.For more information about Cathedra, visit cathedra.com or follow Company news on Twitter at @CathedraBitcoin or on Telegram at @CathedraBitcoin.Media and Investor Relations InquiriesPlease contact:An...