Cathedra Bitcoin Announces Third Quarter 2025 Financial Results

Toronto, Ontario--(Newsfile Corp. - November 17, 2025) - Cathedra Bitcoin Inc. (TSXV: CBIT) (OTCQB: CBTTF) ("Cathedra", the "Company", "we" or "us"), a leading developer and operator of power and digital infrastructure assets across North America, today announces its financial results for the three months ended September 30, 2025.

Highlights

• Total revenue reached C$5.5 million.

• The Company recorded a net loss of C$0.8 million, a reduction of C$3.2 million as compared to the same period of 2024.

• Subsequent events:

  • Consolidation: The Company completed a 30:1 consolidation of its issued and outstanding subordinate voting shares and multiple voting shares with a record date of October 14, 2025 to streamline the Company's capital structure.

  • Data Center Expansion: The Company completed the construction of a new 15-megawatt (MW) data center, which effectively increased the existing power capacity by 50% across its portfolio in Kentucky, USA.

  • Infrastructure Development: The Company continued to advance its pipeline of high-potential sites, reinforcing its commitment to expanding its bitcoin mining and hosting infrastructure.

Management Commentary

"As we reflect on recent developments at Cathedra, the Company has hit several key milestones that underscore our commitment to operational excellence and strategic growth in the bitcoin mining and hosting sector," said Joel Block, CEO of Cathedra. "First, we successfully completed a 30:1 consolidation of our issued and outstanding subordinated and multiple voting shares to reduce the number of shares currently outstanding and streamline the Company's capital structure. Additionally, we have completed the construction of a new 15 megawatt (MW) data center on-time and under budget, which effectively increases the existing power capacity of our portfolio by 50%. Site development commenced in August 2025 and was brought online by October 2025, demonstrating our team's efficiency and dedication to rapid execution. We continue to expand our portfolio amid scarcity of power across the market and a general lack of available capacity, and we maintain a robust pipeline of greenfield opportunities in two forms: (i) bolt-on expansions at existing sites and (ii) new site development across a range of geographic regions."