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Earnings

Cathedra Bitcoin Announces Third Quarter 2025 Financial Results

By The Northwire Desk — AI Analysis Nov 17, 2025 · 19:31 CBIT · 1.27 Cathedra Bitcoin Inc.
CBIT · Price

Executive Summary

  • Cathedra Bitcoin Inc. reported Q3 2025 total revenue of C$5.5 million, a modest increase versus prior periods.
  • The company posted a net loss of C$0.8 million, an improvement of C$3.2 million compared with the same quarter in 2024.
  • Completed a 30‑for‑1 consolidation of its subordinate voting and multiple voting shares (record date October 14 2025) and finished construction of a new 15 MW data center in Kentucky, raising portfolio power capacity by 50%.

Key Details

  • Revenue: C$5.5 million for the three months ended September 30 2025.
  • Net Loss: C$0.8 million, representing a reduction of C$3.2 million versus Q3 2024.
  • Share Consolidation: 30:1 consolidation of issued and outstanding subordinate voting shares and multiple voting shares; record date October 14 2025.
  • Data Center Expansion: Completed construction of a new 15‑MW data center in Kentucky, increasing total portfolio capacity by 50% (from ~30 MW to ~45 MW).
  • Infrastructure Development: Ongoing advancement of high‑potential sites for bitcoin mining and hosting; pipeline includes bolt‑on expansions at existing locations and greenfield developments across multiple regions.
  • Management Commentary: CEO Joel Block highlighted the share consolidation, on‑time/under‑budget data center build, restructuring of customer mix, and continued focus on scaling energy infrastructure to meet growing demand for bitcoin mining and hosting services.

Notable Quotes

“We successfully completed a 30:1 consolidation… and completed the construction of a new 15 MW data center on‑time and under budget, which effectively increases the existing power capacity of our portfolio by 50%.” – Joel Block, CEO

All forward‑looking statements are subject to risks and uncertainties detailed in the release.

Read the original news release →

More from Cathedra Bitcoin Inc.

Jun 01, 2026 · 07:00

Cathedra Bitcoin completes its all‑stock merger with NASDAQ‑listed Sphere 3D, transitioning shareholders into a larger digital infrastructure platform while the underlying business faces mounting losses.

M&A / Property May 26, 2026 · 07:01

Merger Closing Imminent

M&A / Property May 15, 2026 · 17:01

Cathedra shareholders overwhelmingly approve Sphere 3D merger, but with the stock down 84% from its 52-week high, the market questions if the sum of the parts outweighs the dilutive all-stock structure.

M&A / Property May 04, 2026 · 21:01

Merger Disclosure Adds Structure, Not Value

M&A / Property Apr 08, 2026 · 17:01

New 12 MW hosting deal adds recurring revenue as merger with Sphere 3D looms

Production / Operations Mar 24, 2026 · 17:31

Cathedra Bitcoin Announces Fourth Quarter and Full-Year 2025 Financial Results

Earnings