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Cathedra Bitcoin Provides Updates on Strategic Venture with GAM

Cathedra Bitcoin Provides Updates on Strategic Venture with GAM

Cathedra Bitcoin Inc, a Bitcoin company that develops and operates world-class bitcoin mining infrastructure, is pleased to provide updates on its strategic venture with Great American Mining.

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With the recent delivery of an additional container, the Cathedra and GAM bitcoin mining operation is now producing 145 PH/s across 11 containers in the field. The deployment of this additional container brings Cathedra’s company-level active hash rate to 177 PH/s.

The delivery of the final container under the GAM partnership has been delayed due to supply chain disruptions. This container is expected to be delivered in Q4 2021. Once deployed, the final container will bring total hash rate under the Cathedra and GAM partnership to 158 PH/s across 12 containers. This final container will bring Cathedra’s company-level active hash rate to 190 PH/s.

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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.

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