Cathedra Bitcoin, a bitcoin mining company, released its Q2 financial report ending June 30, 2023. The mining business produced 77.15 BTC in Q2, a YoY increase of 33.8%; Q2 revenue was CAD 290 (approximately USD 2.14 million), a YoY increase of 16%.

As of August 29, 2023, Cathedra Bitcoin held approximately CAD 3.7 million in cash and approximately CAD 744,300 worth of bitcoin (19.55 BTC). The total liquidity of cash and bitcoin was approximately CAD 4.4 million, and the total active bitcoin hash rate across six mining sites in four US states was 387 PH/s. (BusinessWire)