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Seeking Alpha 2023-01-23 17:09:38

Cathedra Bitcoin deploys 150 machines at Tennessee third-party data center

Cathedra Bitcoin deploys 150 machines at Tennessee third-party data center
Bitcoin company Cathedra Bitcoin ( OTCQX:CBTTF ) ( TSXV: CBIT:CA ) said it has deployed 150 S19 XP machines at a third-party data center in Tennessee. The 150 machines are a part of the 200 machines that the company retained after terminating an agreement for the sale of 600 S19 XPs entered into on Jul. 11, 2022. As of Dec. 31, 2022, CBTTF delivered 400 of the 600 machines. However, on Jan. 3, the purchaser declined to accept delivery and make payment on the final 200 machines, citing shipping delays. Consequently, CBTTF and the purchaser entered into a termination agreement. The 200 S19 XPs produce a total of 28 PH/s of bitcoin mining hash rate at a power efficiency of 21.5 joules per terahash. Under the terms of the new agreement, the company will pay a fixed rate of $0.07 per kilowatt hour, plus 10% of gross bitcoin revenue produced by the hosted S19 XPs. Source: Press Release
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