Cathedra Bitcoin (OTCQB: CBTTF) announced the results of its 2025 Annual General Meeting held on December 12, 2025. All resolutions from the management information circular dated October 30, 2025 were approved by the required majority.
Election results show each nominee received between 99.39% and 99.90% of votes (for example, Marcus Dent received 99.90%). SRCO Professional Corporation was appointed auditor with 99.93% support. The amended long‑term incentive plan was approved unanimously.
Toronto, Ontario – Cathedra Bitcoin Inc. (TSXV: CBIT) (OTCQB: CBTTF) (the “Company”), a developer and operator of bitcoin mining infrastructure, announced that at its Annual General Meeting of Shareholders held today (the “Meeting”) all resolutions were passed by the requisite majority in accordance with 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, representing 83.79% of the Company’s issued and outstanding subordinate voting shares on an as‑converted basis, were voted at the Meeting. The voting results for each item of business are summarized below.
Election of Directors
All nominees listed in the Circular were elected to the Board of Directors.
| Nominee | Votes For | % Votes For | Votes Withheld | % Votes Withheld |
|---|---|---|---|---|
| Joel Block | 32,692,154 | 99.39% | 201,253 | 0.61% |
| Marcus Dent | 32,859,221 | 99.90% | 34,186 | 0.10% |
| David Jacques | 32,701,158 | 99.42% | 192,249 | 0.59% |
| Matthew Kita | 32,799,952 | 99.72% | 93,455 | 0.28% |
| Thomas Masiero | 32,857,126 | 99.89% | 36,281 | 0.11% |
| Jialin (Gavin) Qu | 32,779,506 | 99.65% | 113,901 | 0.35% |
Appointment of Auditors
| Votes For | % Votes For | Votes Withheld | % Votes Withheld | |
|---|---|---|---|---|
| SRCO Professional Corporation | 33,318,204 | 99.93% | 23,156 | 0.07% |
Approval of Amended Long‑Term Incentive Plan
| Votes For | % Votes For | Votes Withheld | % Votes Withheld | |
|---|---|---|---|---|
| Amended Long‑Term Incentive Plan | 32,697,412 | 99.40% | 0 | 0.00% |
Company Overview
Cathedra develops and operates power and digital‑infrastructure assets across North America. The firm hosts bitcoin‑mining clients in four data‑center sites totaling 45 MW in Tennessee and Kentucky, and runs a proprietary fleet of mining machines that delivers roughly 400 PH/s of hash power. Headquartered in Vancouver, Cathedra’s subordinate voting shares trade on the TSX Venture Exchange under the symbol CBIT and over the counter under the ticker CBTTF.
Strategic Implications and Market Outlook
The overwhelming shareholder support for the board slate, auditor appointment, and the long‑term incentive plan signals confidence in Cathedra’s growth trajectory. The company’s diversified asset base—spanning both renewable‑energy‑linked power contracts and purpose‑built data‑center facilities—positions it well amid the accelerating demand for low‑cost, carbon‑efficient bitcoin mining capacity.
From a technology standpoint, Cathedra’s 400 PH/s fleet represents a significant share of North America’s mining hash rate, especially given the ongoing consolidation trend among miners seeking scale economies. By maintaining control over both the power supply and the mining hardware, Cathedra can better manage operational margins, an advantage as global electricity prices fluctuate and regulatory scrutiny intensifies.
Regulatory developments in the United States, particularly in states like Texas and Kentucky, are gradually clarifying the legal framework for large‑scale crypto mining operations. Cathedra’s early establishment of facilities in these jurisdictions may yield a first‑mover advantage, allowing the firm to secure favorable power rates and land-use agreements before the market becomes saturated.
The approval of an amended long‑term incentive plan aligns executive compensation with shareholder interests, fostering performance‑driven growth. Such alignment is critical as institutional investors increasingly evaluate crypto‑related companies on the same governance criteria applied to traditional tech firms.
Overall, the 2025 AGM results reaffirm Cathedra’s strategic positioning at the intersection of energy infrastructure and blockchain technology—a nexus that is likely to attract additional capital as the broader crypto ecosystem matures.
FAQ
Who was elected to Cathedra Bitcoin’s board at the December 12 2025 AGM?
All nominees listed in the October 30, 2025 circular were elected, each receiving between 99.39% and 99.90% of votes cast.
What was the total voting participation at the AGM?
A total of 2,291,104 subordinate voting shares and 204,278 multiple voting shares were voted, representing 83.79% of issued subordinate voting shares on an as‑converted basis.
Which auditor was appointed?
SRCO Professional Corporation was appointed auditor with 99.93% support.
Was the amended Long‑Term Incentive Plan approved?
Yes. The plan received 32,697,412 votes in favor (99.40%) with no votes withheld.
What vote percentages did individual board nominees receive?
Nominees earned between 99.39% and 99.90% of votes, for example Joel Block received 99.39% and Marcus Dent received 99.90%.
Where can shareholders view the official voting results?
The detailed tallies, including vote counts and percentages for each resolution, were disclosed in the meeting minutes dated December 12 2025.
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