TORONTO–(BUSINESS WIRE)–$CBIT #Bitcoin–(Block Height: 771,530) – Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQX: CBTTF) (“Cathedra” or the “Company”), a Bitcoin company that develops and operates world-class bitcoin mining infrastructure, is pleased to announce the following operations and corporate updates.
The Company has received an additional 1,385 Bitmain Antminer S19J Pro machines from its 2021 futures order, 920 of which are being installed at the Company’s mine in Washington. The final 773 S19J Pros from the 2021 futures order are expected to be delivered in Q1 2023, as the Company elected to ship these machines via ocean freight rather than air freight to conserve cash. The Company continues to evaluate potential deployment opportunities for the remaining 1,238 S19J Pros to further increase its bitcoin mining hash rate.
In recent weeks, the Company has optimized its operations at two sites by “underclocking” certain of its existing machines—reducing po
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