![[logo_cathedra.png|300]] Website: [cathedra.com](https://cathedra.com) ### Introduction Cathedra Bitcoin Inc. is a Bitcoin-focused company founded in 2021, with its headquarters in Toronto, Ontario, Canada. The company specializes in developing and operating world-class Bitcoin mining infrastructure, aiming to maximize its per-share Bitcoin holdings through strategic energy and compute infrastructure investments. While specific employee counts are not publicly disclosed in the latest available data, Cathedra operates as a publicly traded entity listed on the TSX Venture Exchange under the ticker symbol CBIT and on the OTCQB market under CBTTF. Their mission centers on leveraging digital infrastructure assets to build value in the Bitcoin ecosystem, with a focus on energy-efficient and scalable mining operations. As a key player in the Bitcoin mining industry, Cathedra has positioned itself to capitalize on the growing demand for cryptocurrency mining while navigating the challenges of energy consumption and operational efficiency. The company’s strategic expansions and operational updates in 2025 reflect its commitment to growth and adaptation in a competitive and rapidly evolving market. ### Key Products and Technology Cathedra Bitcoin focuses on Bitcoin mining infrastructure and does not produce consumer-facing products but rather operates specialized hardware and facilities for mining operations. Below are details of their key technological and operational assets: - **Bitcoin Mining Rigs (ASIC Miners)** - **Type**: Application-Specific Integrated Circuit (ASIC) miners for Bitcoin mining. - **Technical Specifications**: Specific models and hashrate details are not fully disclosed in recent public data; however, their operations are scaled to handle multi-megawatt capacities, with recent expansions to 50 MW total capacity across sites. - **Fuel Type or Energy Source**: Primarily grid electricity, with a focus on securing cost-effective power sources; specific energy mix (renewable vs. non-renewable) not detailed in latest reports. - **Key Differentiators**: Emphasis on operational efficiency through strategic site selection and hosting agreements that optimize power costs and infrastructure scalability. - **Development Stage**: Operational, with active mining sites in North Dakota and other locations, and ongoing expansions. - **Target Customers**: Not applicable in the traditional sense; their output (Bitcoin) is sold or held as a treasury asset, targeting value creation for shareholders. - **Data Center Infrastructure** - **Type**: Bitcoin mining data centers. - **Technical Specifications**: Current operational capacity of 50 MW, with plans to expand to over 60 MW by 2026, as outlined in recent shareholder communications. - **Fuel Type or Energy Source**: Reliant on local grid power, with efforts to secure low-cost electricity through partnerships and site selection. - **Key Differentiators**: Modular and scalable infrastructure design, allowing rapid deployment of additional capacity as seen in recent 15 MW site energization in North Dakota. - **Development Stage**: Operational with active expansions (e.g., 10 MW Sphere 3D hosting deal and 5 MW Brickyard expansion in 2025). - **Target Customers**: Internal use for Bitcoin mining, with hosting services provided to partners like Sphere 3D. ### Regulatory and Licensing Status As a Bitcoin mining company, Cathedra Bitcoin does not fall under nuclear regulatory frameworks like the NRC, and its regulatory obligations primarily relate to financial and environmental compliance in the jurisdictions where it operates. There are no specific licensing requirements for Bitcoin mining akin to nuclear energy projects; however, the company must adhere to local energy usage regulations, securities laws (as a public company), and environmental standards. - Recent regulatory updates are not extensively detailed in 2025 reports, but the company operates under the oversight of the TSX Venture Exchange and OTCQB market rules for financial reporting and corporate governance. - Key milestones include maintaining compliance with Canadian and U.S. securities regulations, with no major regulatory hurdles reported in recent news. - There is no specific timeline for “commercial deployment” as in nuclear projects; however, their operational expansions (e.g., new MW capacity additions) serve as equivalent milestones, with ongoing growth targeted for 2026. ### Team and Leadership Cathedra Bitcoin’s leadership team includes experienced professionals in finance, technology, and cryptocurrency mining. Below are key executives based on the most current public information available from their official website and news updates: - **Joel Block – CEO**: Recently appointed as CEO (exact date not specified in 2025 updates), Joel Block is leading the company through a strategic reset in 2025, focusing on power infrastructure growth and operational discipline. Prior background details are limited in current public data. - **Drew Townsend – Co-Founder and Chairman**: A co-founder of Cathedra, Townsend has been instrumental in shaping the company’s vision since its inception in 2021. Specific biographical details are not widely available in recent sources. - **AJ Scalia – Co-Founder and Director**: Another co-founder, Scalia contributes to strategic direction, though detailed professional history is not publicly highlighted in 2025 updates. (Note: X handles for leadership are not verified or publicly linked in available sources, so they are omitted.) ### Funding and Financial Position Cathedra Bitcoin has pursued strategic financing to support its infrastructure growth, with recent updates providing insight into its financial activities: - **Total Funding**: In December 2025, the company announced a $537,500 financing round to fund infrastructure and power growth, though specifics on lead investors were not disclosed in public reports ([StockTitan](https://www.stocktitan.net/news/CBTTF/cathedra-bitcoin-announces-corporate-and-operational-zqswlgl637xg.html)). - **Market Cap and Stock Performance**: As a public company (TSXV: CBIT, OTCQB: CBTTF), exact market cap figures for December 2025 are not available in the provided data, but the company is actively working towards a U.S. public market listing as part of its 2026 goals. - **Key Investors**: Institutional or strategic backers are not detailed in the latest 2025 updates. - **Revenue Status**: Cathedra generates revenue through Bitcoin mining, though specific figures for 2025 are not fully disclosed beyond the Q2 2025 financial results announcement. The company remains focused on increasing operational capacity to boost revenue potential ([OTC Markets](https://www.otcmarkets.com/filing-file/2bd87a33-28aa-4db1-8794-8832de5c523f/contents)). ### Recent News and Developments | Date | Event | Details | |---------------|----------------------------------------|----------------------------------------------------------------------------------------------| | Dec 17, 2025 | Shareholder Letter and 2026 Goals | CEO Joel Block outlines 2025 as a reset year, with plans for a new 15 MW site, 25 MW additional capacity, and a push for U.S. public markets ([StockTitan](https://www.stocktitan.net/news/CBTTF/cathedra-bitcoin-inc-issues-shareholder-letter-and-operational-z71c5tuh4fbg.html)). | | Dec 3, 2025 | Corporate and Operational Updates | Announced a new 10 MW hosting deal with Sphere 3D, 5 MW Brickyard expansion, and $537,500 financing for growth ([Newsfile Corp](https://www.newsfilecorp.com/release/276741/Cathedra-Bitcoin-Announces-Corporate-and-Operational-Updates)). | | Oct 30, 2024 | Operations Update | Energized 15 additional MW of capacity at North Dakota data center, boosting operational scale ([Yahoo Finance](https://finance.yahoo.com/news/cathedra-bitcoin-announces-operations-updates-110000874.html)). | | Aug, 2025 | Q2 2025 Financial Results | Released financial results for Q2 2025, though specific figures are not detailed in summaries ([OTC Markets](https://www.otcmarkets.com/filing-file/2bd87a33-28aa-4db1-8794-8832de5c523f/contents)). | | Unknown, 2025 | Debt Settlement Update | Provided an update on debt settlement, specifics not fully disclosed in public summaries ([Cathedra Bitcoin](https://www.cathedra.com/news/news/cathedra-bitcoin-announces-update-on-debt-settlement)). | ### Partnerships and Collaborations - **Sphere 3D**: A new hosting agreement announced on December 3, 2025, for 10 MW of capacity, enhancing Cathedra’s operational footprint and revenue through hosting services. This partnership strengthens Cathedra’s position as a provider of mining infrastructure ([StockTitan](https://www.stocktitan.net/news/CBTTF/cathedra-bitcoin-announces-corporate-and-operational-zqswlgl637xg.html)). - **Brickyard Expansion**: While not a named partner, the 5 MW expansion at the Brickyard site reflects collaboration with local infrastructure or energy providers to scale operations, though specific entities are not mentioned in 2025 updates. ### New Hampshire Relevance Cathedra Bitcoin’s operations and technology could have potential relevance to [[New Hampshire]], though no direct connections or expressed interest in the state or the Northeast U.S. are evident in current data: - **Proximity to Infrastructure**: New Hampshire hosts the [[Seabrook Station]] nuclear plant and is part of the ISO-NE grid, which manages regional power distribution. Cathedra’s focus on securing low-cost power aligns with ISO-NE’s competitive energy markets, potentially making NH a viable location for future data center deployments if power costs are favorable. - **Technology Readiness**: With operational capacity already at 50 MW and plans for 60+ MW by 2026, Cathedra’s mining infrastructure is ready for immediate deployment, fitting within any near-term NH energy or compute infrastructure needs. - **Alignment with [[Legislation]]**: NH’s HB 710 and SMR provisions focus on nuclear innovation, which do not directly apply to Bitcoin mining. However, the state’s interest in energy-intensive industries and grid stability (as seen in broader energy policies) could align with Cathedra’s ability to balance grid demand through flexible mining operations, as noted in industry reports on Bitcoin mining’s grid stabilization potential. - **Potential Applications**: Cathedra’s data centers could support NH’s growing data center load or industrial energy needs by providing compute capacity, though their primary focus on Bitcoin mining may limit direct grid power contributions unless pivoting to broader HPC services. - **NH Connections**: No specific ties to NH or the Northeast U.S. are mentioned in 2025 updates, with current operations centered in North Dakota and other regions. ### Competitive Position Cathedra Bitcoin operates in a competitive Bitcoin mining landscape, with peers also focusing on energy efficiency and capacity expansion: - **[[MARA|Marathon Digital Holdings]]**: A larger player with extensive U.S. operations, Marathon benefits from greater scale and partnerships like its methane-powered project in Utah. Cathedra’s smaller footprint (50 MW vs. Marathon’s hundreds of MW) poses a scale disadvantage, but its hosting deals offer flexibility. - **[[Riot Platforms]]**: [[Riot Platforms|Riot]] leverages low-cost energy in Texas, with significant hashrate capacity. Cathedra’s focus on modular expansions and strategic resets in 2025 may help close the gap, though Riot’s established power agreements present a competitive edge. - **Unique Advantages and Risks**: Cathedra’s recent capacity growth and hosting partnerships provide a niche in infrastructure services, but risks include volatile Bitcoin prices, rising energy costs, and regulatory pressures on mining energy usage as highlighted in industry discussions on X. ### Closing Note Cathedra Bitcoin is at a pivotal stage of operational expansion and strategic reset in 2025, with a positive trajectory toward 60+ MW capacity by 2026 and a promising outlook driven by infrastructure investments and partnerships. *Report generated December 24, 2025*