Cathedra Bitcoin Announces Results of Annual and Extraordinary General Meeting of Shareholders

TORONTO–(BUSINESS WIRE)–$CBIT #Bitcoins–(Block height: 752,924) – Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQX: CBTTF) (“Cathedral“or the”Company”), a bitcoin company that develops and operates a world-class bitcoin mining infrastructure, is pleased to announce the results of its annual and special general meeting of shareholders (“Shareholders”) held on September 6, 2022 (the “Meeting”).

The shareholders elected the five management nominees to the Company’s Board of Directors for the following year. Thus, the Cathedra Board of Directors remains:

Roy Sebag

Thomas (“Drew”) Armstrong

Antonin (“AJ”) Scalia

David Jacques

Marcus Tooth

Shareholders also voted in favor of a special resolution adopting a long-term incentive plan (the “LTIP”) of the Company for the coming year, the full text of which is available in the Company’s information circular dated July 18, 2022, available on the Company’s SEDAR profile at www.sedar.com.

About Cathedra Bitcoin

Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQX: CBTTF) is a bitcoin company that develops and operates a world-class bitcoin mining infrastructure.

Cathedra believes that sound money and abundant energy are fundamental ingredients for human progress and is committed to advancing both by working closely with the energy industry to secure the Bitcoin network. Today, Cathedra’s diversified bitcoin mining operations total 166 PH/s and span three states and four locations in the United States. The Company is focused on expanding its hash rate portfolio through a diversified approach to site selection and operations, using multiple power sources in various jurisdictions.

For more information on Cathedra, visit cathedra.com or follow the company’s news on Twitter at @CathedraBitcoin or on Telegram at @CathedraBitcoin.

Caution

Trading in the Company’s securities should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements

This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities laws that is based on expectations, estimates and projections as of the date of this press release. The information contained in this press release on the future plans and objectives of the Company is forward-looking information. Other forward-looking information includes, but is not limited to, information regarding: senior management’s future intentions and actions, the Company’s intentions, plans and future actions, and the Company’s ability to operate successfully digital currency; revenues are growing as currently expected; the ability to profitably liquidate current and future digital currency inventory; volatility of network difficulties and digital currency prices and the resulting material adverse impact on the Company’s operations; building and operating an extensive blockchain infrastructure as currently planned; and the cryptocurrency regulatory environment in applicable jurisdictions.

Any statement involving discussion of predictions, expectations, beliefs, plans, projections, goals, assumptions, future events or performance (often, but not always, using phrases such as “expects “, or “does not expect”, “is expected”, “expects” or “does not anticipate”, “plans”, “budget”, “planned”, “expects”, “estimates”, “believes ” or “intends” or variations of these words and expressions or indicating that certain actions, events or results “might” or “could”, “will”, “might” or “will” be expected to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify -research information.

This forward-looking information is based on reasonable assumptions and estimates made by the Company’s management at the time it was made, and involves known and unknown risks, uncertainties and other factors that may cause results, actual performance or achievements of the Company are materially different from any future results, performance or achievements expressed or implied by such forward-looking information. The Company has also assumed that no material events occur outside of the normal course of business for the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially, other factors may cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.

contacts

Media and Investor Relations Inquiries
Please contact:

Sean Ty

Financial director

[email protected]

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