Investor Presentaiton
One of the Earliest Public Bitcoin Miners with a Track Record Across Multiple Market Cycles
Public since 2018, withstanding multiple 75%+ drawdowns in the price of bitcoin and outmaneuvering dozens of bankrupt competitors
$80,000
$70,000
$60,000
$50,000
$40,000
Jan-18: Cathedra (fka
$30,000
Fortress Blockchain)
raises C$15m to
acquire its first bitcoin
mine in Washington
$20,000
$10,000
Jan-18
Aug-18:
Cathedra
begins trading
on TSX-V
Source: Market data from Coinmetrics as of June 30, 2023.
Bitcoin Price ($US)
Jan-19
Jan-20
15
Jan-21
May-22:
Terra/Luna
stablecoin
project
collapses
Nov-22: Bitcoin
mining economics
hit all-time low
Stronghold Digital
restructures debt
Iris Energy defaults
on equipment loans
FTX declares
bankruptcy
BlockFi declares
bankruptcy
Dec-22: Core
Scientific
declares
bankruptcy
Jul-22: Three
Arrows Capital,
Celsius, and
Voyager Digital
declare
bankruptcy
Sep-22:
Compute
North
declares
bankruptcy
Jan-23: Genesis
Global declares
bankruptcy
Jun-23: Prime
Trust declares
bankruptcy
Jan-22
Jan-23
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