Toronto – Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQX: CBTTF) (“Chair“Or”Institution“), A bitcoin company that develops and operates world-class bitcoin mining infrastructure, announces that it has provided 300,000 limited share units to the company’s employees (“RSU“), And 88,841 options for acquiring common shares of the company (“OptionsUnder the company’s long-term incentive plan (“)LTIP”). The option price has a practice price of C $ 0.35 per share as the company’s share price is up at the end of trading on May 17.M2022. Alternative and subject to RSU assignment condition.
Cancellation of limited share units
The company further announced that it had agreed to cancel a total of ,000 300,000 with certain directors and officers of the company The limited share unit was previously held by such directors and officers. Under LTIP, the company can donate up to a total of 8,000,000 RSUs.
About Bitcoin Cathedra Chair
Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQX: CBTTF) is a bitcoin company that develops and manages world-class bitcoin mining infrastructure.
Cathedra believes that affordable money and abundant energy are fundamental elements of human progress and is committed to advancing both by working closely with the energy sector to secure the Bitcoin network. Today, Cathedra owns 187 PH / s across various U.S. sites and expects to set up an additional 538 PH / s by 2022. The cathedral hash rate is expected to be a total of 725 PH / s, once the purchased machines are fully installed. The company focuses on expanding its portfolio of hash rates through a diverse approach to site selection and operations using multiple power sources across different jurisdictions.
For more information about Cathedra, visit cathedra.com or follow company news on Twitter Cathedrabitcoin Or at Telegram @ CathedraBitcoin.
The company’s securities trading should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or discredited the information contained herein.
Neither the TSX Venture Exchange nor its regulation service provider (as the term is defined in the TSX Venture Exchange Policy) assumes responsibility for the adequacy or accuracy of this release.
There is some “foresight” in the meaning of the Canadian Securities Act applicable to this news release based on expectations, assumptions and conjectures as of the date of publication of this news. In this release information about the future plans and objectives of the company, information ahead. Other insights include but are not limited to: senior management objectives and future actions, company objectives, plans and future actions, as well as the company’s ability to successfully mitigate digital currency; Revenue growth as currently expected; The ability to profitably liquidate current and future digital currency inventory; Instability of network disruptions and, digital currency prices and consequently significant negative impact on company operations; Currently building and operating expanded blockchain infrastructure as planned; And the regulatory environment of cryptocurrency under applicable jurisdiction.
Prediction, expectation, belief, plan, conjecture, purpose, conjecture, future event or performance (often but not always using phrases like “expected”, or “not expected”, “expected”, “expected” or “not expected” “,” Plan “,” budget “,” scheduled “,” forecast “,” conjecture “,” belief “or” intentionally ” “Can”, “will”, “may be” or “will” be taken to happen or be achieved) is not a statement of historical fact and may be information of the future and for the purpose of pointing forward – looking for information.
This advance information is based on reasonable assumptions and company management assumptions, and involves known and unknown risks, uncertainties and other factors that may cause the company to have actual results, performance or achievement. Future results, performance or achievement are materially different from what is revealed or implied by such insightful information. The company also assumed that no significant incidents had taken place outside the company’s normal business. While the company has tried to identify important factors that may make the actual results materially different, there may be other reasons why the results are not as expected, predicted, or intended. There can be no guarantee that such a statement will prove to be accurate as an actual result and that future events may be materially different from those expected in such a statement. Accordingly, readers should not unnecessarily rely on forward-looking information. The Company does not assume any obligation to modify or update any pioneer information except as required by law.
Chief Economic Officer