Cathedra Bitcoin Inc. announced 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 PH/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 CAD 800,000 of cash and CAD 2.8 million of bitcoin (33.5 BTC) on its balance sheet.