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Cathedra Bitcoin Announces Partnership with Compass Mining

Oct 28, 2024•over 1 year ago

Contract Type

partnership

Toronto

Description

Cathedra Bitcoin Inc. is excited to announce a new partnership with Compass Mining Inc., a leading provider of Bitcoin mining hardware, hosting, and services. Under the partnership, Cathedra will host 10 megawatts of Compass Mining's equipment at one of its data centers in Kentucky, with plans to expand the partnership to future sites. Compass Mining will operate the site and share profits with Cathedra.

Company Information

Company

Cathedra Bitcoin

Location

Toronto, Ontario, Canada

About

Cathedra Bitcoin Inc. (TSX-V: CBIT) is a Bitcoin company that develops and operates world-class bitcoin mining infrastructure. Cathedra believes sound money and cheap, abundant energy are the fundamental ingredients to human progress, and is committed to advancing both by working closely with the energy sector to secure the Bitcoin network. Today, Cathedra owns 187 PH/s across various sites around the United States and expects to deploy an additional 538 PH/s in 2022. Upon the full deployment of its purchased machines, Cathedra’s hash rate is expected to total 725 PH/s. The Company is focused on expanding its portfolio of hash rate through a diversified approach to site selection and operations, utilizing multiple energy sources across various jurisdictions. For more information about Cathedra, visit cathedra.com.

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