Cathedra Bitcoin Inc. (V:CBIT*CA)

Business Focus: Cryptocurrency Mining

Sector:  Technology Industry:  Blockchain & Cryptocurrency
 
Company Contact
Address: 320-638 Broughton St
Vancouver BC V6G 3K3
Tel: N/A
Website: https://www.cathedra.com
IR: See website
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Key People
N/A    
Business Overview
Cathedra Bitcoin Inc. is a Canada-based diversified bitcoin mining company. The Company has diversified bitcoin mining operations, which produce 382 Peta hashes per second (PH/s) across three states and five locations in the United States. The Company is focused on managing and expanding its portfolio of hash rate through a diversified approach to site selection and operations, utilizing multiple energy sources across various jurisdictions.
Financial Overview
For the fiscal year ended 31 December 2023, Cathedra Bitcoin Inc revenues increased 24% to C$10.9M. Net loss decreased 88% to C$5.5M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Write down of mining equipment decrease from C$26.7M (expense) to C$0K, Gain on settlement of debt decrease from C$39K (expense) to C$5.5M (income).
Reporting Currency: Canadian Dollars
Enterprise value: $28.41M as of Dec 31, 2023
Annual revenue (TTM): $10.92M as of Dec 31, 2023
EBITDA (TTM): $1.80M as of Dec 31, 2023
Net annual income (TTM): -$5.48M as of Dec 31, 2023
Free cash flow (TTM): -$8.19M as of Dec 31, 2023
Net Debt Last Fiscal Year: $4.78M as of Dec 31, 2023
Shares outstanding: 237,199,034 as of Feb 9, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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