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Toronto, Ontario–(Newsfile Corp. – May 27, 2025) – Cathedra Bitcoin Inc. (TSXV: CBIT) (OTCQB: CBTTF) (the ” Company ” or ” Cathedra “), a bitcoin company that develops and operates digital infrastructure assets with the goal of maximizing its per-share bitcoin holdings, is pleased is to announce the following conference appearances in the month of May.
Consensus 2025 (Toronto)
Earlier in the month of May, Cathedra President & COO Drew Armstrong spoke on panels at CoinDesk’s Consensus conference in Toronto on both Artificial Intelligence and High Performance Compute Strategies for Bitcoin Miners as well as Financing and Treasury Strategies . Recordings of the panels can be found online at .
Bitcoin 2025 (Las Vegas)
This week, on May 28th, Drew Armstrong will be speaking again on a panel discussing Treasury Management at Bitcoin Magazine’s Bitcoin 2025 conference in Las Vegas at 11:30am local time. Any live webcasts and replays of the presentations will be shared on the Cathedra website at cathedra/news/events and on Twitter @CathedraBitcoin .
About Cathedra Bitcoin Inc.
Cathedra Bitcoin Inc. develops and operates digital infrastructure assets across North America with the goal of maximizing its per-share bitcoin holdings. The Company hosts bitcoin mining clients across its portfolio of three data centers (30 megawatts total) in Tennessee and Kentucky and recently developed and sold a 60-megawatt data center in North Dakota, a joint venture in which Cathedra held a minority interest, closing of which is anticipated to occur in the second quarter of 2025. Cathedra also operates a fleet of proprietary bitcoin mining machines at its own and third-party data centers, producing approximately 400 PH/s of hash rate. Cathedra is headquartered in Vancouver and its shares trade on the TSX Venture Exchange under the symbol CBIT and in the OTC market under the symbol CBTTF.
At time of publishing, the Company holds approximately 52.3 bitcoin worth approximately US$5.8 million and amounting to approximately 6 satoshis (or “sats”) per share.
For more information about Cathedra, visit cathedra or follow Company news on Twitter at @CathedraBitcoin or on Telegram at @CathedraBitcoin .
This news release contains certain “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities laws that are based on expectations, estimates and projections as at the date of this news release. The information in this release about future plans and objectives of the Company, including statements about the closing of the sale of the Company’s minority interest in the 60-megawatt data center in North Dakota and the timing thereof are forward-looking information. Forward-looking information contained in this news release includes but is not limited to the goal of maximizing its per-share bitcoin holdings. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made. The Company has also assumed that no significant events occur outside of its normal course of business.
Additionally, these forward-looking statements may be affected by risks and uncertainties in the business of Cathedra and general market conditions. Investors are cautioned that forward-looking statements are not based on historical facts but instead reflect Cathedra’s management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Cathedra believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed thereon, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking statements are the following: changes in the Company’s relationships, including with regulatory bodies, employees, customers and competitors; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws and regulations both locally and in foreign jurisdictions; compliance with extensive government regulation and the costs associated with compliance; unanticipated costs; changes in market conditions impacting the average revenue per MWh; the risks and uncertainties associated with foreign markets; the construction and operation of new facilities may not occur as currently planned, or at all; expansion of existing facilities may not materialize as currently anticipated, or at all; new miners may not perform up to expectations; revenue may not increase as currently anticipated, or at all; the ongoing ability to successfully mine Bitcoin is not assured; failure of the equipment upgrades to be installed and operated as planned; the availability of additional power may not occur as currently planned, or at all; risks associated with the completion of the sale of the Company’s minority interest in the 60-megawatt data center in North Dakota, including the inability to close such sale on contemplated terms, or at all; and the power purchase agreements and economics thereof may not be as advantageous as expected. Additionally, the forward-looking statements contained herein may be affected by risks and uncertainties in the business of Cathedra and general market conditions. For further information concerning these risks and uncertainties and other risks and uncertainties, please see the Company’s filings under the Company’s SEDAR+ profile on , including but not limited to the Company’s management information circular dated June 18, 2024 and the Company’s most recent interim and annual management discussion and analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially from those expressed in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended and such changes could be material, including factors that are currently unknown to or deemed immaterial by the Company. Readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.
Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit
OTTAWA — InterRent Real Estate Investment Trust has signed a deal to be acquired by a group including executive chair Mike McGahan and Singapore sovereign wealth fund GIC for about $2 billion.
Under the agreement, CLV Group and GIC will pay InterRent unitholders $13.55 per unit in cash. The transaction is valued at a total of about $4 billion including the assumption of net debt.
InterRent units were up almost 15 per cent at $13.58 in midday trading on the Toronto Stock Exchange on Tuesday.
In addition to his role at InterRent, which owns residential properties in B.C., Ontario and Quebec, McGahan is the chief executive and controlling shareholder of CLV Group.
The deal requires approval of a two-thirds majority vote by unitholders as well as a majority vote by unitholders, excluding CLV Group, its affiliates and any other unitholders required to be excluded.
It also requires court and regulatory approvals, consents and approvals from Canada Mortgage and Housing Corp. and certain existing lenders and the satisfaction of other customary closing conditions.
The agreement includes a “go-shop period” lasting from Wednesday until July 6, during which InterRent can try and attract better offers.
“We are pleased to provide immediate and certain premium value to our unitholders through this all-cash transaction with CLV Group and GIC, while also allowing InterRent to solicit superior proposals through a go-shop period of 40 days,” said Brad Cutsey, InterRent’s CEO and trustee.
Toronto-based activist hedge fund Anson Funds became the largest investor in InterRent earlier this year with a nine per cent stake.
“While we are pleased to see the InterRent board take a concrete step toward closing its valuation discount, we will see how the go-shop process unfolds as we believe there is potential for more value to be realized,” Anson said in a statement after the acquisition was announced Tuesday.
This report by The Canadian Press was first published May 27, 2025.
OTTAWA — InterRent Real Estate Investment Trust has signed a deal to be acquired by a group including executive chair Mike McGahan and Singapore sovereign wealth fund GIC for about $2 billion.
Under the agreement, CLV Group and GIC will pay InterRent unitholders $13.55 per unit in cash. The transaction is valued at a total of about $4 billion including the assumption of net debt.
InterRent units were up $1.80 at $13.64 in trading on the Toronto Stock Exchange on Tuesday.
In addition to his role at InterRent, which owns residential properties in B.C., Ontario and Quebec, McGahan is the chief executive and controlling shareholder of CLV Group.
The deal requires approval of a two-thirds majority vote by unitholders as well as a majority vote by unitholders, excluding CLV Group, its affiliates and any other unitholders required to be excluded.
It also requires court and regulatory approvals, consents and approvals from Canada Mortgage and Housing Corp. and certain existing lenders and the satisfaction of other customary closing conditions.
This report by The Canadian Press was first published May 27, 2025.
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Vancouver, British Columbia–(Newsfile Corp. – May 26, 2025) – Altura Energy Corp. (TSXV: ALTU) (FSE: Y020) (the ” Company “) is pleased to announce that the Company and Haywood Securities Inc. (the ” Agent “), as sole agent and bookrunner, have agreed to increase the size of its previously announced commercially reasonable efforts brokered private placement from $1,500,000 to $1,985,500 (the ” Offering “). Under the upsized Offering, up to 19,855,000 units of the Company (the ” Units “) are to be issued at a price of $0.10 per Unit for gross proceeds to the Company of up to $1,985,500.
Each Unit will consist of one common share of the Company (a ” Common Share “) and one Common Share purchase warrant (a ” Warrant “). Each Warrant will entitle the holder thereof to purchase one Common Share (a ” Warrant Share “) at an exercise price of $0.25 at any time up to sixty months following the Closing Date (as defined herein). In the event that the closing price of the Common Shares on the TSX Venture Exchange (or such other stock exchange the Common Shares may be listed on from time to time) is equal to or greater than $0.75 for a period of twenty consecutive trading days (the ” Acceleration Event “), the Company may, within five trading days following the Acceleration Event, upon issuing a news release, accelerate the expiry date of the Warrants to the date that is 30 days following the date of such news release.
The Units to be issued under the Offering will be offered by way of private placement pursuant to applicable exemptions from the prospectus requirements in each of the provinces of Canada, and in jurisdictions outside of Canada, excluding the United States, mutually agreed by the Company and the Agent, provided that no prospectus filing, registration or comparable obligation arises in such other jurisdiction.
The Offering is expected to close on or around June 11, 2025 or such other date as agreed upon between the Company and the Agent (the ” Closing Date “) and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The securities to be issued under the Offering will have a hold period of four months and one day from the Closing Date in accordance with applicable securities laws.
The net proceeds from the Offering will be utilized by the Company to repay existing indebtedness and for working capital and general corporate purposes.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
ABOUT ALTURA ENERGY CORP.
Altura Energy Corp. is an exploration and production company with interests in the prolific Holbrook basin of Arizona. For more information, please visit SEDAR+ ( ).
FOR FURTHER INFORMATION
Robert Johnston CEO & Director +1 604-609-6110
Forward Looking Statements
Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward-looking statements”. Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES
To view the source version of this press release, please visit
In a May 1, 2025, Toronto Stock Exchange filing, the aircraft manufacturer said it had received notification from the DOJ on April 1 that it had closed its investigation into that matter and a separate Azerbaijani railway equipment deal. The Garuda investigation had been underway since early 2020.
Between 2012 and 2015, Garuda Indonesia acquired eighteen CRJs via a corrupt procurement process that ultimately saw a former Garuda CEO and others charged and convicted in Indonesian courts. The misconduct extended beyond the Bombardier order, also ensnaring Airbus and Rolls-Royce.
“No charges were laid against the corporation or any of its directors, officers or employees,” the filing notes. Bombardier also initiated an internal investigation, which appears to be ongoing. The company did not respond to a request for comment.
Various US government departments have dropped several investigations in recent months, including a chronic-delays lawsuit against Southwest Airlines (WN, Dallas Love Field) kickstarted by former Secretary of Transportation Pete Buttigieg. A DOJ lawsuit against Boeing stemming from the B737 MAX crashes of 2018-19 is also likely to be settled out of court in the coming weeks.
This week’s first Market Factors outlines why inflation pressure would be so damaging to U.S. stocks, and later describes an upcoming smartphone killer device from former Apple design chief Jony Ive. The diversion covers a new study showing that people who grew up poor are treated as more trustworthy, and we’ll look ahead to important data announcements for the coming week.
Trader Patrick King works the floor at the New York Stock Exchange, Thursday, May 12, 2022, in New York.John Minchillo/The Associated Press
Stocks
U.S. equities highly sensitive to rising rates
Apollo Global Management chief economist Torsten Slok observed Friday that the Magnificent Seven group of stocks were fueled by low interest rates. For evidence, his Exhibit A was that these companies stopped hiring as soon as rates started to climb.
The observation might seem banal at first glance because all stocks benefit from lower interest rates but it has important ramifications. The Mag Seven stocks are particularly sensitive to higher interest rates because they are growth stocks and thus long duration – the bulk of portfolio returns comes later as higher profit growth compounds investment gains. Dividend stocks, for instance, are short duration because the regular payouts puts more of the investment returns in portfolios sooner.
Mr. Slok believes tariffs, deglobalization and demographics are all inflationary and will put continual upwards pressure on interest rates. I would add concerns regarding U.S. federal finances, which are being blamed for sending the 30-year U.S. bond yield to an 18-year high.
The Magnificent Seven stocks are still 30 per cent of the S&P 500’s market capitalization and they will continue to drive the broader benchmark’s returns. Mr. Slok’s argument implies that the longer inflation pressure remains, the lower the returns for the seven stocks, and by extension the broader U.S. equity market, will be.
Valuation levels in the U.S. market aren’t ridiculous like 1999 but they are high relative to history. BofA Securities chief U.S. quantitative strategist Savita Subramanian’s work suggests that valuations imply that a decade of mediocre returns will begin at some point in the coming years (even if she also believes that higher valuations are justified in part by the improved profitability of modern businesses, but let’s not get sidetracked).
So where are we left? Continued inflation pressure and higher interest rates will limit U.S. equity returns and suggest that a longer period of weaker returns has begun. Domestic stocks will look more attractive by contrast.
Open AI CEO Sam Altman looks on during a US Senate Commerce Committee hearing on artifical intelligence (AI) on Capitol Hill in Washington, DC, on May 8, 2025.BRENDAN SMIALOWSKI/AFP/Getty Images
Stocks
Another new gadget interests me
I’m interested in the new AI consumer device being developed by Jobs-era Apple design chief Jony Ive and OpenAI’s Sam Altman, even if I think the probability of it becoming a smartphone killer are in the single digits. Mr. Altman is reaching to create “the largest disruption to tech hardware since the 2007 launch of the iPhone.”
Asia-based tech industry insider Ming-Chi Kuo combed his sources in search of details on the device, which is expected to enter production in 2027. The device will be sensitive to its surroundings with cameras and microphones but have no screen. It will look a bit like an iPod Shuffle and is designed to be worn around the neck.
I thought Alexa and voice commands were going to take over the world a decade ago – I’m still waiting for a voice-controlled Excel – so maybe take my interest with a grain of salt. Still, I’m curious.
Diversions
Lower income households and trustworthiness
A new study published in the Journal of Personality and Social Psychology found that people trust those who grew up with less money over those that did. The study was detailed on the phys.org website.
The study featured 1,900 participants and multiple experiments. One trial involved participants gauging the trustworthiness of fictional profiles. Another involved a raffle where the subjects had to choose a trustee to hold the tickets.
The clear conclusion is that on average, people believe that those growing up in lower income households are more moral and trustworthy.
The essentials
Looking for our updates on market movers, analyst actions, stock technicals, insider trades and other daily, weekly and monthly insight? Click here to visit our Inside the Market page.
Globe Investor highlights
Hydro One is a hot stock. Too hot, argues David Berman. Meanwhile, David tries to answer the burning question, why even bother investing in telecom stocks?
Brian Belski, the chief investment strategist from BMO, thinks the days of TSX outperformance are over
Tim Shufelt reports on how Donald Trump triggered an exodus of foreign money from Canadian stocks
This Number Cruncher went looking for dependable dividend stocks that helped the CPP bolster its returns
Ken Fisher explains what’s behind the yield curve’s quiet re-steepening and the investment opportunities it presents
Domestic quarterly GDP for April will be released on May 30, the last major data point before the Bank of Canada makes its decision on interest rates, and economists expect a 0.1 per cent month over month expansion. Next Monday will see the release of the S&P Global Canada manufacturing PMI survey for May.
For earnings it’s all banks, all the time. Bank of Nova Scotia reports on Tuesday (average forecast is $1.556 per share on a pro forma) followed by National Bank ($2.402) and Bank of Montreal ($2.535) on Wednesday. On Thursday, CIBC ($1.885) and Royal Bank (3.196) announce profits.
In the U.S., a preliminary look at durable goods orders for April will be released on Tuesday where economists expect a sharp 8.7 per cent month-over-month decline. A loss of 0.3 per cent month over month is expected when annualized GDP for the first quarter is out on Thursday. Personal Income (0.3 per cent month over month gain for April predicted) and Personal Spending (0.2 per cent) will be reported Friday. ISM manufacturing and ISM manufacturing new orders will be released next Monday.
Nvidia Corp. headlines U.S. earnings reporting when it comes out on Wednesday (US$0.88 per share expected) along with Salesforce Inc. (US$2.549). Costco Wholesale Corp (US$4.238) profits will be announced on Thursday as will Dell Technologies Inc. (US$1.685).
See our full economic and earnings calendar here (You can bookmark the page – it gets updated weekly)