Cathedra Bitcoin Teams Up with Synota: A Game-Changer for Mining Payment Solutions

Cathedra Bitcoin Announces Partnership with Synota

Cathedra Bitcoin (TSXV: CBIT) (OTCQB: CBTTF) has announced a strategic partnership with Synota, a software company that specializes in automated payments for C&I energy and hosting contracts. This collaboration will enable daily or weekly settlement of hosting bills, enhancing cash flow management and mitigating financial risks.

Partnership Benefits

The partnership provides Cathedra with greater flexibility in bitcoin accumulation, allowing them to receive hosting payments in either U.S. dollars or bitcoin. Synota’s platform integrates various payment channels, streamlining payment processes and simplifying back-office operations. This alliance is designed to enhance operational efficiency while allowing Cathedra to optimize its bitcoin acquisition strategy through direct streaming from hosting operations.

Management Insights

Drew Armstrong, President and COO of Cathedra, stated, "We are thrilled to be partnering with Synota, a company we have been following for some time. Their platform improves our cash flow cycles and reduces credit risk to our hosting counterparties, making it easier for us to stack bitcoin opportunistically."

Austin Mithcell, Co-Founder and CEO of Synota, added, "Cathedra is an exciting partnership for Synota. They recognize both the financial and operational value of transactional flexibility and transparency. We look forward to growing our business with them."

About Cathedra Bitcoin

As of the latest update, Cathedra holds approximately 50.8 bitcoin, valued at around $5.6 million, and aims to maximize its per-share bitcoin holdings through its operations across North America.

About Synota

Synota, based in Worthington, Ohio, is focused on driving efficiency in the energy sector through innovative payment solutions. The company has seen strong growth in software utilization and is set for continued adoption in 2025.