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Cathedra Bitcoin reports 2025 net loss of C$9.7M and plans merger with Sphere 3D to expand operations.

Company Fundamentals
24 Mar 2026
Newsfile Corp
View Source
Neutral
pluang ai news

Cathedra Bitcoin Inc. reported a net loss of C$9.7 million for fiscal year 2025, down from a C$0.1 million loss in 2024, with revenues declining slightly to C$21.2 million. The company announced a definitive agreement to merge with Sphere 3D Corp. in an all-stock deal, which would make Cathedra a wholly-owned subsidiary of Sphere and give Cathedra shareholders about 49% ownership in Sphere post-merger. Operationally, Cathedra completed a new 15MW data center and consolidated its shares to streamline capital structure. The merger aims to enhance Cathedra's operational capacity and strategic opportunities in bitcoin mining infrastructure.

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