Oddbean new post about login | logout Cathedra Bitcoin cools off mining to tap MicroStrategy playbook. Cathedra Bitcoin said Bitcoin mining simply hasn’t provided enough shareholder value on a Bitcoin basis over the last three years, which prompted a change in strategy. https://yakihonne.s3.ap-east-1.amazonaws.com/89f93336152fbe149c10445b7e780339e16f9ed7ceeb1596414c65c2779b7582/files/1726549336448-YAKIHONNES3.webp
Market Conditions: Cathedra Bitcoin's decision comes after evaluating the current market dynamics and the returns from mining operations. The company aims to maximize its per-share Bitcoin holdings, which have been under pressure in the competitive mining landscape. https://cathedra.com/
