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Cathedra Bitcoin Inc Announces Results of 2025 Annual General Meeting

MWN-AI** Summary

Cathedra Bitcoin Inc. (TSXV: CBIT) announced the successful outcomes of its 2025 Annual General Meeting (AGM) held on December 12, 2025, in Toronto, Ontario. At the meeting, shareholders passed all resolutions as detailed in the management information circular dated October 30, 2025. A significant turnout was recorded, with 2,291,104 subordinate voting shares and 204,278 multiple voting shares cast, representing 83.79% of the Company's total issued and outstanding subordinate voting shares, on an as-converted basis.

The items discussed at the meeting included the election of directors, appointment of auditors, and approval of an amended long-term incentive plan. All director nominees outlined in the circular were elected with overwhelming support. Notably, Marcus Dent received an impressive 99.90% of votes in favor, while the lowest percentage for a nominee, Jialin (Gavin) Qu, still stood at 99.65%, highlighting a strong consensus among shareholders.

The appointment of SRCO Professional Corporation as auditors was also met with high approval, garnering 99.93% of the votes. The amended long-term incentive plan received strong backing with 99.40% in favor, reflecting shareholders' confidence in the strategic direction of Cathedra Bitcoin.

Headquartered in Vancouver, Cathedra Bitcoin operates power and digital infrastructure assets across North America. The company hosts bitcoin mining clients in its four data centers located in Tennessee and Kentucky, and operates proprietary mining machines, contributing to a robust production capacity of approximately 400 PH/s hash rate. For more information about Cathedra, stakeholders can visit the company's website or follow them on social media platforms.

MWN-AI** Analysis

Cathedra Bitcoin Inc. recently concluded its 2025 Annual General Meeting, with all proposed resolutions passing by substantial majorities. Key takeaways from the meeting include the re-election of the entire board of directors with overwhelming support, signifying shareholder confidence in the company's leadership amidst the volatile cryptocurrency landscape. This reflects positively on Cathedra’s governance and strategic direction.

With its operational capabilities primarily in bitcoin mining across four data centers in Tennessee and Kentucky, Cathedra is well-positioned to capitalize on the ongoing growth in demand for Bitcoin. The company’s reported production of approximately 400 PH/s of hash rate can significantly enhance its competitiveness in an increasingly saturated market. As the crypto landscape evolves, companies with robust infrastructure like Cathedra are likely to benefit from economies of scale and operational efficiencies.

Investors should pay close attention to the Company's recent approval of its amended Long-Term Incentive Plan, which aligns compensation with performance metrics conducive to sustainable growth. This move may not only enhance employee motivation but also signal a commitment to shareholder value.

In the broader market, bitcoin continues to grapple with regulatory scrutiny and market fluctuations, and Cathedra's success will hinge on navigating these challenges effectively. With a strong operational base and supportive governance, Cathedra Bitcoin represents a potentially attractive investment opportunity for those willing to assume the inherent risks associated with cryptocurrency ventures.

Overall, potential investors might want to consider initiating or expanding their positions in Cathedra Bitcoin at current market levels, while monitoring bitcoin price trends and legislative developments that could impact the industry. As always, prospective investors should engage with their financial advisors to weigh their individual risk tolerance before making investment decisions.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: Newsfile

Toronto, Ontario--(Newsfile Corp. - December 12, 2025) - Cathedra Bitcoin Inc. (TSXV: CBIT) (OTCQB: CBTTF) (the "Company"), a bitcoin company that develops and operates digital infrastructure assets, is pleased to announce that, at its Annual General Meeting of Shareholders held today (the "Meeting"), all resolutions were passed by the requisite majority to approve the items of business referred to in its management information circular dated October 30, 2025 (the "Circular").

A total of 2,291,104 subordinate voting shares and 204,278 multiple voting shares of the Company, representing 83.79% of the Company's issued and outstanding subordinate voting shares, on an as-converted basis, were voted in connection with the Meeting. The voting results for each item of business are as follows:

Election of Directors:

All nominees proposed in the Circular were elected as directors.

NomineeVotes For% Votes ForVotes Withheld% Votes Withheld
Joel Block 32,692,15499.39%201,2530.61%
Marcus Dent 32,859,22199.90%34,1860.10%
David Jacques 32,701,15899.42%192,2490.59%
Matthew Kita32,799,95299.72%93,4550.28%
Thomas Masiero 32,857,12699.89%36,2810.11%
Jialin (Gavin) Qu32,779,50699.65%113,9010.35%

 

Appointment of Auditors


Votes For% Votes ForVotes Withheld% Votes Withheld
SRCO Professional Corporation33,318,20499.93%23,1560.07

 

Approval of Amended Long-Term Incentive Plan


Votes For% Votes ForVotes Withheld% Votes Withheld
Approval of Amended Long-Term Incentive Plan32,697,41299.40%0 0%

 

About Cathedra Bitcoin Inc.

Cathedra develops and operates power and digital infrastructure assets across North America. The Company hosts bitcoin mining clients across its portfolio of four data centers (45 MW total) in Tennessee and Kentucky. Cathedra also operates a fleet of proprietary bitcoin mining machines at its own and third-party data center, producing approximately 400 PH/s of hash rate. Cathedra is headquartered in Vancouver and its subordinate voting shares trade on the TSX Venture Exchange under the symbol CBIT and in the OTC market under the symbol CBTTF. For more information about Cathedra, visit cathedra.com or follow Company news on Twitter at @CathedraBitcoin or on Telegram at @CathedraBitcoin.

For media and investor relations enquiries, please contact:

Joel Block
Chief Executive Officer
+1 (604) 259-0607
ir@cathedra.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277947

FAQ**

How has the growth of companies like Cathedra Bitcoin Inc. (CBIT:CC) influenced the technology and investment landscape in Toronto, Ontario, especially concerning digital infrastructure?

The growth of companies like Cathedra Bitcoin Inc. has spurred innovation in Toronto's digital infrastructure, attracting investments in blockchain technology and fostering a vibrant ecosystem that enhances the city's position as a key player in the cryptocurrency sector.

What are the potential implications for local economies in Ontario as Cathedra Bitcoin Inc. (CBIT:CC) expands its operations in cryptocurrency and digital asset development?

The expansion of Cathedra Bitcoin Inc. in Ontario could stimulate local economies by creating jobs, attracting investment, and fostering innovation in technology and finance, while also enhancing demand for supporting services and infrastructure in the digital asset sector.

In what ways does the governance structure and recent shareholder voting outcomes of Cathedra Bitcoin Inc. (CBIT:CC) reflect broader corporate trends in Ontario's tech sector?

The governance structure and recent shareholder voting outcomes of Cathedra Bitcoin Inc. mirror broader trends in Ontario's tech sector towards increased accountability, stakeholder engagement, and a shift towards sustainable practices amid growing investor interest in ESG factors.

How might the performance and strategy of Cathedra Bitcoin Inc. (CBIT:CC) affect investor sentiment towards technology and cryptocurrency investments in Toronto in the coming years?

The performance and strategy of Cathedra Bitcoin Inc. may significantly influence investor sentiment in Toronto by serving as a barometer for the viability of cryptocurrency investments, potentially fostering greater confidence or caution based on its success or setbacks in the market.

**MWN-AI FAQ is based on asking OpenAI questions about Cathedra Bitcoin Inc. (TSXVC: CBIT:CC).

Cathedra Bitcoin Inc.

NASDAQ: CBIT:CC

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