Growth OpportunitiesCathedra has a viable growth avenue and optionality with the potential for a U.S. listing, which could lead to a more bullish future, especially with access to capital from the combined Cathedra-Kungsleden company.
Revenue GrowthCathedra reported September revenue of C$5.9M, up 26% from June’s C$3.0M, due to the completion of the Kungsleden deal, which has pushed the company into a mix of both self and hosted bitcoin mining and hosted facility operation.
Strategic ExpansionThe Kungsleden deal serves as a launch pad to build bigger, better data centers serving customers of all types, and presents the most compelling investment argument for Cathedra.