Cathedra Bitcoin Inc. provided an update on its bitcoin mining operations. The final container in the Cathedra and Great American Mining ("GAM") partnership was deployed in North Dakota last week. Together, the 12 containers bring Cathedra's total deployed hash rate with GAM to 155 PH/s. The deployment of this final container brings Cathedra's company-level active hash rate to 187 PH/s. The final 3 PH/s of mining equipment is currently undergoing repairs and is expected to bring the full Cathedra and GAM partnership to 158 PH/s upon deployment.

The delivery of the final container under the GAM partnership was delayed by supply chain disruptions. Additionally, due to unusually cold weather in North Dakota and recent site maintenance, the Cathedra and GAM bitcoin mining operation has seen its performance impaired in recent weeks, operating at an average of 45% of expected hash rate over the last 30 days. Current hash rate levels are near 85% of the expected total, and the Company expects maintenance on the site to be completed in the coming days, restoring normal operating conditions and uptime.