Investor Presentaiton

Cathedra Bitcoin: Investment Highlights 1 2 3 4 LO 5 Leadership Team is Uniquely Fit-for-Purpose Leadership is singularly suited to execute on its strategy, bringing expertise at the intersection of capital markets and bitcoin mining Diversified Approach to Site Selection and Operations Reduces Risk Mix of on- and off-grid energy sources powering hash rate diversified across multiple jurisdictions, sites, electricity markets, and operating partners Off-Grid Expansion Opportunities Provide Runway for Growth Flare and stranded gas alone can power the entire Bitcoin network 10x over, providing Cathedra with ample opportunity to grow its hash rate in the U.S. Technical Acumen and Proprietary IP Offer Competitive Advantages Industry-leading underclocking capabilities and proprietary mobile datacenter ("Rover") manufacturing provide differentiation and competitive edge in a commodity business Attractively Valued Relative to Peers Low enterprise value relative to hash rate versus leading public market bitcoin miners, mitigating downside risk and offering compelling upside potential 26

View entire presentation