Fortress Technologies Inc., a Bitcoin company that develops and operates world-class bitcoin mining infrastructure, is pleased to announce that it will begin operating under the name Cathedra Bitcoin Inc. and has changed its ticker symbol on the TSX Venture Exchange to “CBIT”. The Company has also updated its brand to accompany the name change, introducing a new logo, website, and other brand assets, all of which can be found .
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“The name ‘Cathedra Bitcoin’ reflects our aspirations for the Company, and for Bitcoin more broadly: a bold, ambitious, long-term project whose full realization we may not witness in our lifetimes, but which we choose to undertake nonetheless”
“The name ‘Cathedra Bitcoin’ reflects our aspirations for the Company, and for Bitcoin more broadly: a bold, ambitious, long-term project whose full realization we may not witness in our lifetimes, but which we choose to undertake nonetheless,” said AJ Scalia, Chief Executive Officer of Cathedra.
“Energy is the most fundamental resource. Life itself depends on it. As a permissionless energy sink, bitcoin mining offers the perfect economic incentive to improve our ability to harness energy. We at Cathedra believe this will have a profound and beautiful impact on humanity, enabling us to combat many of the largest problems we face and advance further as a species.”
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Fortress Technologies Inc. is referred to as “Cathedra” or “Cathedra Bitcoin” in this press release. The common shares of the Company are expected to commence trading on the Exchange under the name “Cathedra Bitcoin Inc.” on December 10, 2021, upon satisfying all applicable legal requirements. The company’s ticker symbol “FORT” will also change to “CBIT” on or around this same date. Any changes in the future will be publicly disclosed. No action is needed from current stockholders.
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