- TSX-V: CBITC$0.17
- OTCQX: CBTTF US$0.12
- CBIT Total Active Hash Rate: 166 PH/S
Cathedra Bitcoin Announces Management Team Expansion
March 4, 2022
TORONTO, Mar. 4, 2022 (BUSINESS WIRE) (Block Height: 725,898) – Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQX: CBTTF) (the “Company” or “Cathedra”), a Bitcoin company that develops and operates world-class bitcoin mining infrastructure, is pleased to announce the additions of Isaac Fithian, Rete Browning, and Tom Masiero to the Company’s management team.
Isaac Fithian joins Cathedra as Chief Field Operations & Manufacturing Officer (“CFOMO”). Prior to joining Cathedra, Mr. Fithian was a founding member of Great American Mining, a bitcoin mining company focused on off-grid operations, where he was responsible for designing and building prototype modular data centers, maintaining fleet uptime, and remote management logistics. As CFOMO, Mr. Fithian will be responsible for developing the Company’s in-house manufacturing capabilities; creating and supervising remote field operations for deployed bitcoin mining equipment; and overseeing special R&D projects.
Rete Browning joins Cathedra as Chief Technology Officer (“CTO”). Prior to joining Cathedra, Mr. Browning was a founding member of Great American Mining, where he served as Principal Engineer. Mr. Browning is trained as a chemical and petroleum engineer and as a technology and energy analyst. He brings to Cathedra his expertise in the energy industry—both conventional and alternative—and bitcoin mining industry. As CTO, Mr. Browning will be responsible for designing and commercializing novel applications of technologies for use in the Company’s bitcoin mining operations; leading R&D initiatives for the Company; and assisting in the development of the Company’s manufacturing capabilities.
Tom Masiero joins Cathedra as Head of Business Development. Prior to joining Cathedra, Mr. Masiero was a co-founder of Great American Mining, where he also served as Chief Operating Officer. Mr. Masiero brings to Cathedra decades of experience across internet and digital media, entrepreneurship, and bitcoin mining, as well as a talent for building lean teams that excel in off-grid bitcoin mining. As Head of Business Development, Mr. Masiero will be responsible for cultivating relationships with energy producers and other key partners; serving as a public representative of the Company; and developing innovative business models that will offer Cathedra a competitive advantage in bitcoin mining.
About Cathedra Bitcoin
Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQX: CBTTF) is a Bitcoin company that develops and operates world-class bitcoin mining infrastructure.
Cathedra believes sound money and cheap, abundant energy are the fundamental ingredients to 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 sites around the United States and expects to deploy an additional 538 PH/s in 2022. Upon the full deployment of its purchased machines, Cathedra’s hash rate is expected to total 725 PH/s. The Company is focused on expanding its portfolio of hash rate through a diversified approach to site selection and operations, utilizing multiple energy sources across various jurisdictions.
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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.
This news release contains certain “forward-looking information” within the meaning of applicable Canadian securities laws that are based on expectations, estimates and projections as at the date of this news release. The information in this release about future plans and objectives of the Company, are forward-looking information. Other forward-looking information includes but is not limited to information concerning: the expected deployment of an additional miners, the intentions and future actions of senior management, the intentions, plans and future actions of the Company, as well as the Company’ ability to successfully mine digital currency; revenue increasing as currently anticipated; the ability to profitably liquidate current and future digital currency inventory; volatility of network difficulty and, digital currency prices and the resulting significant negative impact on the Company’s operations; the construction and operation of expanded blockchain infrastructure as currently planned; and the regulatory environment of cryptocurrency in applicable jurisdictions.
Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information.
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