Cathedra Bitcoin announces partial debt settlement and bond extension
Cathedra Bitcoin, a Bitcoin mining company, announced that it has settled some of its outstanding principal and repaid 2,000,000 Canadian dollars. As of the date of the agreement, the total outstanding principal of the bond is equal to 5,733,728 Canadian dollars. In addition, the maturity date of the remaining principal has been extended by an additional 12 months to November 11, 2025. The bond has not undergone any other changes, and the company will continue to pay quarterly interest at an annual interest rate of 3.5% based on the remaining principal balance until the extended maturity date, at which time the remaining principal will be fully due.
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