May. 8 at 1:11 PM
$ANY Merger pending with Cathedra Bitcoin is significant for
$ANY in that the combined companies will join the group of other much larger bitcoin mining companies (
$IREN,
$WULF,
$CLSK,
$APLD as examples) with power access moving into AI.
"Improved scale and expanded US operating footprint: The Combined Company expects to initially own and operate a portfolio of 53 megawatts “ and
"With Cathedra's low-cost development model and infrastructure-first approach, coupled with Sphere’s capital markets expertise and access to liquidity, the Combined Company expects to capitalize on a robust pipeline of over 100 MW of potential expansion opportunities to further expand its portfolio of infrastructure assets. In the past six months, Cathedra’s new leadership team has successfully increased its power capacity by 50% online and developed a robust pipeline."
Managed power capacity of 53 MW at five data centers across three U.S. states.including data centers owned by the Combined Company.
