Cathedra Bitcoin Announces Fourth Quarter and Full-Year 2023 Financial Results - Seite 2

“During 2023, we nearly doubled Cathedra’s deployed hash rate from 203 PH/s to 403 PH/s and ensured the Company’s survival through the bear market with our creative and innovative underclocking strategies,” remarked AJ Scalia, CEO of Cathedra. “Furthermore, the debt settlements we negotiated with creditors have reset our balance sheet and positioned us to capitalize on the recovery of the Bitcoin market. The proposed merger with Kungsleden will put us on a new growth trajectory and transform our business model from a pure-play miner that is fully exposed to bitcoin volatility to a developer and operator of data center infrastructure, with a current focus on Bitcoin and an eye toward other end-markets like artificial intelligence. We are working tirelessly to close the merger so that we can begin executing against this new vision alongside the Kungsleden team.”

About Cathedra Bitcoin

Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQB: CBTTF) is a Bitcoin company that believes sound money and abundant energy are the keys to human flourishing. The Company has diversified bitcoin mining operations which produce 403 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.

For more information about Cathedra, visit cathedra.com or follow Company news on Twitter at @CathedraBitcoin or on Telegram at @CathedraBitcoin.

Cautionary Statement

Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains certain “forward-looking information” within the meaning of applicable Canadian securities laws that are based on expectations, estimates and projections as at the date of this news release. The information in this release about future plans and objectives of the Company, are forward-looking information. Other forward-looking information includes but is not limited to information concerning: the Debt Settlement, the approval of the TSXV, the intentions and future actions of senior management, the intentions, plans and future actions of the Company, as well as the Company’s ability to successfully mine digital currency; revenue increasing as currently anticipated; the ability to profitably liquidate current and future digital currency inventory; volatility of network difficulty and, digital currency prices and the resulting significant negative impact on the Company’s operations; the construction and operation of expanded blockchain infrastructure as currently planned; and the regulatory environment of cryptocurrency in applicable jurisdictions.