Cathedra Bitcoin Changes Strategy
- Cathedra Bitcoin (CBIT) has announced a change in its business model.
- Instead of mining Bitcoin, the company will focus on developing data centers.
- The profits from the data centers will be used to buy Bitcoin on the open market.
- The reason for the change in strategy is the unpredictable profit margins in mining.
- Cathedra has already teamed up with Kungsleden to achieve this goal.