ChainCatcher news, according to official sources, Bitcoin mining company Cathedra Bitcoin Inc. has announced that it has powered up the last 15 megawatts of capacity for its Bitcoin mining data center in North Dakota, marking the completion of the entire 60 megawatt facility, with Cathedra being a 25% partner in the facility.With the completion of the North Dakota facility, Cathedra now owns and manages Bitcoin mining data center capacities of 45 and 95 megawatts across six locations in the United States. As of the time of publication, the company holds approximately 44 BTC, valued at around 3 million dollars.

ChainCatcher news, according to Cointelegraph, Canadian Bitcoin mining company Cathedra Bitcoin is halting its seven-year mining operations and adopting a new strategy: to emulate MicroStrategy by purchasing as much Bitcoin as possible on the open market.In the "Bitcoin Treasury Strategy Memo" dated September 16, Cathedra explained that under the new plan, "all capital allocation decisions" will now be based on maximizing the company's Bitcoin reserves on a per-share basis—this is the "most important" metric for many major shareholders.Cathedra stated that Bitcoin-based mining operations have not provided sufficient shareholder value. By market capitalization, 9 out of the 10 largest Bitcoin mining companies now hold less Bitcoin per share than three years ago, adding, "Meanwhile, other publicly traded companies have adopted clear policies to increase the per-share Bitcoin price, most notably MicroStrategy, which has been rewarded by the stock market."Cathedra indicated that it will shift to developing data operation centers to generate "predictable cash flow" to purchase more Bitcoin, and will retain the Bitcoin produced by its existing mining operations, suggesting that the company will not completely abandon mining.Data shows that the company currently holds 23 Bitcoins, valued at $2.5 million, making it the 45th largest Bitcoin corporate holder. Cathedra's statement indicates that the company plans to adhere to its Bitcoin strategy in the long term and notes that it is currently in the "early stages of a decades-long trend," where Bitcoin will become the "dominant global reserve asset."

ChainCatcher news, Bitcoin mining company Cathedra Bitcoin announced that it has submitted a final shelf prospectus to the securities regulators in provinces and territories across Canada, valid for 25 months.During this period, the company may issue common shares, warrants, subscription receipts, units, debt securities, and stock purchase contracts ("securities") based on market conditions at the time of sale, with a total issuance amount of up to $10 million.

ChainCatcher news, Bitcoin mining company Cathedra Bitcoin released its second-quarter financial report. As of June 30, 2023, its mining operations produced a total of 77.15 BTC in Q2, an increase of 33.8% year-on-year; Q2 revenue was 2.9 million CAD (approximately 2.14 million USD), an increase of 16% year-on-year.As of August 29, 2023, Cathedra Bitcoin held approximately 3.7 million CAD in cash and 19.55 BTC, with a total active Bitcoin hash rate of 387 PH/s across six mining sites in four states in the United States.