Cathedra Bitcoin Inc (TSE:CBIT) has released an update.
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Cathedra Bitcoin Inc., a bitcoin mining firm, has adapted to the recent Bitcoin halving by optimizing their mining operations for enhanced efficiency and is poised for a strategic merger with Kungsleden, a high-density compute infrastructure company. The merger aims to diversify revenue streams and fortify the company’s position in the market, with shareholder and regulatory approvals pending. Meanwhile, Cathedra Bitcoin’s shares remain halted in anticipation of the merger’s completion, expected in the upcoming quarter.
For further insights into TSE:CBIT stock, check out TipRanks’ Stock Analysis page.
