Bitcoin mining company Fortress Technologies Inc. rebranded to Cathedra Bitcoin Inc. and will change its token symbol on the TSX Venture Exchange (TSXV) to “CBIT,” the company said in a statement sent to Bitcoin Magazine.
“The name ‘Cathedra Bitcoin’ reflects our aspirations for the company and for Bitcoin more broadly: a bold, ambitious, long-term project that we may not have witnessed. whole life, but we choose to do it,” Cathedra CEO AJ Scalia said in a statement.
The rebranding has been reflected with the new logo, website and brand assets for the company, which is expected to begin trading on TSXV under the new name and ticker symbol on Thursday, when it meets all requirements. all applicable legal requirements. The miner said no action is needed from existing shareholders and will make any changes public in the future.
“As a permissionless energy reservoir, bitcoin mining provides the perfect economic incentive to improve our energy mining capabilities,” Scalia added. “We at Cathedra believe this will have a profound and positive impact on humanity, allowing us to combat many of the biggest issues we face today and go further as a community. species”.
Cathedra also said it is committed to promoting good money and abundant, cheap energy by working closely with the energy industry to secure the Bitcoin network. The company adopts a diverse approach to site selection and operations, seeking to tap multiple energy sources across different jurisdictions.
“Energy is the most basic resource. Life itself depends on it,” says Scalia.
Bitcoin miner operations currently generate 163 petahashes per second (PH/s) across various farms in the United States, according to the statement. Cathedra says it expects to add 566 PH/s to its hash rate capacity by the end of 2022, for a total of 729 PH/s when all purchased machines are deployed.
https://bitcoinmagazine.com/business/fortress-technologies-rebrands-to-cathedra-bitcoin-inc Fortress Technologies rebranded as Cathedra Bitcoin Inc