Cathedra Bitcoin Provides Operations Update

(Block Height: 824,060) – Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQB: CBTTF) (“Cathedra” or the “Company”), a diversified bitcoin mining company, is pleased to announce the following updates on its bitcoin mining operations.

In the last week, the Company responded to improving mining conditions by adjusting the settings of approximately 2,000 of its S19J Pro machines hosted in various data centers in Tennessee to approximately 100 TH/s per machine at an efficiency level of 30.0 J/TH, thereby maximizing operating profits under current bitcoin mining conditions and increasing fleet hash rate to approximately 404 PH/s (an improvement of approximately 14% versus previously disclosed fleet hash rate of 355 PH/s). The Company underclocked these machines over the course of 2023.

At time of publication, the Company holds approximately C$800,000 of cash and C$2.8 million of bitcoin (33.5 BTC) on its balance sheet.

“As we have discussed previously, optimizing our mining fleet’s efficiency using after-market firmware is core to our strategy at Cathedra,” remarked Cathedra President & COO, Drew Armstrong. “By bringing these S19J Pros back to approximately 3,000 watts per machine, we have increased our effective hash rate by approximately 50 PH/s without any incremental capex. This is made possible by the thoughtful structuring of our hosting contracts, which allow us to underclock our hosted machines without forfeiting the right to restore them to full power draw in the future.”

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 404 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.