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Cathedra Bitcoin Inc ( (TSE:CBIT) ) has issued an announcement.
Cathedra Bitcoin Inc. has announced an employment agreement with Joel Block, solidifying his role as Chief Executive Officer. This agreement replaces a prior consulting arrangement and includes the grant of 43,427,522 restricted share units, which will vest over three years. This move is part of Cathedra’s long-term incentive plan and underscores the company’s commitment to strengthening its leadership and operational strategy in the digital infrastructure and bitcoin mining industry.
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. It hosts bitcoin mining clients in data centers located in Tennessee and Kentucky, and has developed and sold a data center in North Dakota. The company also operates a fleet of proprietary bitcoin mining machines, producing approximately 400 PH/s of hash rate. Cathedra is headquartered in Vancouver and its shares trade on the TSX Venture Exchange and the OTC market.
Average Trading Volume: 462,729
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$43.02M
For a thorough assessment of CBIT stock, go to TipRanks’ Stock Analysis page.