Cathedra Bitcoin Provides Operational and Corporate Updates
— Information, Cathedra, Operational, Machines, Results, Companys, Updates, Mining, Company, S19j — 1 min read
Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQX: CBTTF) recently installed 375 machines from its April and May batches of Bitmain Antminer S19J Pro machines. The remaining 372 machines from the May batch have been delayed in transit and are expected to be delivered to the Kentucky Mine in the coming days. The Company recently decommissioned approximately 400 machines that have demonstrated a history of underperformance since they were purchased under previous management in 2021. The net proceeds from the sale will be used to reduce the C$25,000,000 face value of the Company’s outstanding convertible debenture. At the North Dakota Mine, the remaining hash rate totals 115 PH/s across 10 bitcoin mining containers. Source