Cathedra Bitcoin Announces 30:1 Share Consolidation to Streamline Capital Structure

The latest announcement is out from Cathedra Bitcoin Inc ( (TSE:CBIT) ).

Cathedra Bitcoin Inc. has announced a 30:1 share consolidation, approved by its Board of Directors, to streamline its capital structure. This consolidation, subject to TSX Venture Exchange approval, will reduce the number of outstanding shares and is expected to take effect around mid-October 2025. The consolidation will not alter any shareholder’s percentage interest in the company, except for rounding down fractional shares. The adjusted shares will continue to trade under the same symbols but with a new CUSIP number. This move aims to enhance the company’s operational efficiency and market positioning.

Spark’s Take on TSE:CBIT Stock

According to Spark, TipRanks’ AI Analyst, TSE:CBIT is a Neutral.

Cathedra Bitcoin Inc’s overall stock score is primarily impacted by its weak financial performance and poor valuation metrics. While technical analysis provides a neutral outlook, the company’s financial challenges and negative P/E ratio weigh heavily on its attractiveness.

To see Spark’s full report on TSE:CBIT stock, click here.

More about Cathedra Bitcoin Inc

Cathedra Bitcoin Inc. is a company that develops and operates digital infrastructure assets across North America, primarily focusing on hosting bitcoin mining clients. The company operates three data centers in Tennessee and Kentucky with a total capacity of 30 megawatts and has recently developed a 60-megawatt data center in North Dakota. Cathedra also runs a fleet of proprietary bitcoin mining machines, producing approximately 400 PH/s of hash rate. The company is headquartered in Vancouver, and its shares trade on the TSX Venture Exchange and the OTC market.

Average Trading Volume: 423,979

Technical Sentiment Signal: Sell

Current Market Cap: C$47.32M

Learn more about CBIT stock on TipRanks’ Stock Analysis page.