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Cathedra Bitcoin Announces Shipment of First Batch of Bitmain Machines

Cathedra Bitcoin Inc. (“Cathedra”), a Bitcoin company that develops and operates world-class bitcoin mining infrastructure, announces its first batch of 750 new Bitmain Antminer S19j Pro mining machines has shipped and is expected to be delivered to the Company’s Washington facility in the coming days.

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560 of the new machines will be installed at the Company’s Washington facility, where they will replace fully depreciated Bitmain Antminer S9 machines and are expected to increase Cathedra’s hash rate by 35 PH/s to a total of 67 PH/s.

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The remaining 190 machines will be delivered to the Company’s New Hampshire manufacturing facility, where they will be used to test the first completed batch of Cathedra’s bitcoin mining rovers—modular, mobile bitcoin mining datacenters.

Cathedra has purchased an additional 4,350 latest-generation machines that will be delivered in batches each month through the end of the year. The Company expects to deploy these machines at a combination of on- and off-grid mining locations, pursuant to its diversified approach to site selection and operations. Upon full deployment, the Company expects these machines to bring its total hash rate to 725 PH/s by year-end.

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