Cathedra Bitcoin to merge with Kungsleden in a CAD82m deal.

Cathedra Bitcoin, a diversified bitcoin mining company, agreed to merge with Kungsleden, a developer and operator of alternative high-density compute infrastructure, in a CAD82m deal. “We are excited to contribute to Cathedra’s business through this Transaction. Importantly, we are not merely acquiring a portfolio of data center assets in this merger; we are joining forces with the team responsible for developing these assets. Kungsleden has established a scalable, repeatable process for developing bitcoin mining data centers with impressive construction costs and time-to-market. We also see opportunity beyond the bitcoin mining end-market, with the potential to apply these infrastructure development capabilities to the traditional data center and high-performance compute markets,” Antonin Scalia, Cathedra Bitcoin CEO.