Cathedra Bitcoin

What Cathedra Bitcoin does

Cathedra Bitcoin Inc. operates as a digital infrastructure company at the intersection of energy generation and bitcoin mining, headquartered in Vancouver, British Columbia, and listed on the TSX Venture Exchange (CBIT) and OTCQB (CBTTF). The company develops and operates industrial-scale, high-density compute sites marketed as "dispatchable compute" — modular infrastructure that can be instantly curtailed or activated based on grid conditions, allowing Cathedra to function as both a bitcoin mining operator and a flexible load partner for energy producers. As of recent disclosures, the platform comprises five data center projects (Project Brickyard, Rocky Top, Churchill, Shire, and Morgan) totaling 60 MW of contracted power capacity with 45 MW operational, 1.2 EH/s of installed hash rate, and an average network uptime of 97.4%, across Iowa, Kentucky, and Tennessee.

Cathedra generates revenue through three streams: self-mining (proprietary bitcoin block rewards and transaction fees from company-owned hardware), hosting services (co-location and managed infrastructure for third-party miners), and power infrastructure services (flexible load and demand response partnerships with energy producers). The company also sells CathedraOS, a proprietary bitcoin mining firmware product launched in October 2023 that enables underclocking and fleet optimization. Named customers include 360 Mining, Compass Mining, and an anchor hosting tenant utilizing 80% of the 15 MW Shire site.

Following its July 2024 merger with Kungsleden Inc. and June 1, 2026 acquisition by Sphere 3D Corp. (NASDAQ: ANY), Cathedra now operates as a wholly-owned subsidiary of Sphere 3D. FY2025 revenue was C$21.2 million (down from C$23.1M in FY2024), reflecting bitcoin price exposure and partial-capacity utilization during integration. The platform is positioned to extend beyond bitcoin mining into AI inference and HPC workloads as a fourth commercial vertical, leveraging its existing power and modular deployment footprint.

Name

Cathedra Bitcoin

Legal name

Cathedra Bitcoin Inc.

Website

https://cathedra.com

Company type

Private

Founded year

2018

Operating status

Acquired

Headcount range

1–10 employees

Short description

Cathedra Bitcoin develops and operates dispatchable compute infrastructure for bitcoin mining, hosting, and grid-flexibility services across U.S. data centers, with 60 MW contracted capacity. It serves energy producers, mining operators, and increasingly AI/HPC tenants as a wholly-owned subsidiary of Sphere 3D.

Ownership category

akta.pro rank

Product category

Bitcoin Mining Infrastructure

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Mining Software, Firmware & Monitoring Platforms (FSADAOAF)

akta.pro secondary industries

Telco Cloud & Edge for NaaS (Distributed Cloud, MEC, Edge CNFs) (HDAIAIAE), Mining Hardware (ASIC/GPU) Manufacturing & Distribution (FSADAOAD)

Keywords

• Bitcoin mining infrastructure
• Dispatchable compute
• Data center hosting
• Grid stabilization services
• Cryptocurrency mining operations

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Technology or R&D, Personnel, Marketing or Sales, Supply Chain

Revenue model

1. Self-Mining Operations: Proprietary bitcoin mining using company-owned hardware at company-operated facilities, generating revenue from bitcoin block rewards and transaction fees
2. Hosting Services: Co-location and hosting services for third-party bitcoin miners, providing power and infrastructure in exchange for recurring fees
3. Power Infrastructure Services: Flexible load partnership arrangements with energy producers, providing grid stabilization services and demand response capabilities

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Cathedra Bitcoin develops and operates industrial-scale digital infrastructure, primarily bitcoin mining data centers with 60 MW of contracted power capacity across Iowa, Kentucky, and Tennessee. The company offers self-mining operations, third-party hosting services, and dispatchable compute that functions as flexible load for grid stabilization. It also develops CathedraOS, proprietary bitcoin mining firmware for fleet optimization.

Product overview

Cathedra Bitcoin operates as a digital infrastructure company focused on 'dispatchable compute' - industrial-scale infrastructure at the intersection of energy generation and digital processing. The company transforms raw power into dispatchable compute resources, functioning as interruptible and flexible load partners for energy producers. Their portfolio includes five data center sites (Project Brickyard, Project Rocky Top, Project Churchill, Project Shire, and Project Morgan) totaling 60 MW of contracted capacity across Iowa, Kentucky, and Tennessee. They provide both self-mining and hosting services, and have developed CathedraOS, a bitcoin mining firmware product. The company was formerly known as Fortress Technologies and rebranded in December 2021.

Differentiator

Problem solved

Functional benefit

Products and services

• Dispatchable Compute
• Data Center Hosting
• Self-Mining Operations
• CathedraOS
• Power Infrastructure Services

Quantifiable outcome

• 97.4% average network uptime across operational sites
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Sphere 3D Corp.coreStrategic or Co-development Partner · 1 June 2026Sphere 3D completed acquisition of Cathedra Bitcoin on June 1, 2026, through court-approved plan of arrangement under British Columbia law. Cathedra became a wholly-owned subsidiary trading on NASDAQ under ticker ANY. Combined entity operates 53 MW across five data centers with 1.2 EH/s hash rate and 100+ MW pipeline.
• SynotaminorStrategic or Co-development Partner · 21 January 2025Partnership announced January 2025 for bitcoin mining operations.
• Kungsleden Inc.coreStrategic or Co-development Partner · 23 July 2024Cathedra completed business combination with Kungsleden, a high-density compute infrastructure developer, including share exchange and corporate restructuring with plans for U.S. stock exchange listing.
• Compass MiningminorStrategic or Co-development Partner · 28 October 2023Strategic partnership for bitcoin mining operations.
• 360 MiningminorStrategic or Co-development Partner · 2 June 2023Off-grid bitcoin mining partnership at Texas site where Cathedra pays $55 per MWh plus 10% of gross bitcoin mined.

Scale indicators10 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• CleanSpark: U.S.-listed bitcoin miner with focus on infrastructure, low-cost power, and operational efficiency comparable to Cathedra's uptime-driven model.
• Hut 8 Corp. North American public bitcoin miner with diversified compute (mining + HPC/AI) strategy; Cathedra CEO Joel Block led the landmark US Bitcoin Corp/Hut 8 merger.
• Bitfarms: Canadian-listed bitcoin miner with U.S. data center operations, comparable in size and vertical-integrated mining/hosting model to Cathedra.
• Riot Platforms: Public bitcoin miner operating large Texas-based data centers with similar self-mining plus hosting/grid services positioning.
• Core Scientific: Large-scale public bitcoin miner and hosting provider that emerged from bankruptcy with a similar operating footprint to Cathedra's hosted model.
• MARA Holdings (formerly Marathon Digital): Largest U.S.-listed bitcoin mining operator with industrial-scale self-mining and energy infrastructure strategies directly comparable to Cathedra's model.
• Cipher Mining: U.S.-listed bitcoin miner developing industrial-scale data centers with a focus on power procurement, similar in stage and strategy to Cathedra.
• IREN (Iris Energy): Public bitcoin miner leveraging renewable-powered data centers and now pivoting into AI/HPC compute, closely aligned with Cathedra's dispatchable compute thesis.
• Bitdeer Technologies Group: Public bitcoin mining and hosting company (formerly Bitmain spinoff) operating multi-100 MW sites with similar hosting/self-mining revenue mix.

Others

• Sphere 3D Corp. Acquirer of Cathedra Bitcoin (June 2026) now operating its mining/data center assets; relevant as the parent platform that determines Cathedra's forward strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/cathedra-bitcoin

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds4 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cathedra Bitcoin