Mr. Joel Block reports

CATHEDRA BITCOIN ANNOUNCES EARLY REPAYMENT OF OUTSTANDING DEBT

On July 17, 2025, Cathedra Bitcoin Inc. repaid its outstanding bitcoin-backed loan of approximately $2.56-million (U.S.). The loan, which was made to the company by an arm's-length third party on March 14, 2025, was secured by approximately 50.5 of the company's bitcoin, carried interest at a rate of 13.0 per cent per annum (payable monthly) and was set to mature on March 18, 2026.

To finance the early repayment of the loan, the company liquidated approximately 21.6 of its bitcoin that collateralized the loan. The remaining collateral of approximately 28.9 bitcoin was returned to the company. Since receiving the loan, the price of bitcoin has appreciated by over 50 per cent.

"We took advantage of recent strength in the bitcoin market to repay outstanding debt, strengthening our balance sheet and positioning the company to pursue the strategic growth initiatives we've been developing to drive significant shareholder value. In my first days with the company, the board and I have been actively shaping our path forward, and I look forward to sharing our vision soon," remarked Joel Block, chief executive officer of the company.

About Cathedra Bitcoin Inc.

Cathedra develops and operates digital infrastructure assets across North America. The company hosts bitcoin mining clients across its portfolio of three data centres (30 megawatts total) in Tennessee and Kentucky and recently developed and sold a 60-megawatt data centre in North Dakota, a joint venture in which Cathedra held a minority interest, the closing of which is anticipated to occur in 2025. Cathedra also operates a fleet of proprietary bitcoin mining machines at its own and third party data centres, producing approximately 400 petahashes per second of hash rate. Cathedra is headquartered in Vancouver and its subordinate voting shares trade on the TSX Venture Exchange under the symbol CBIT and in the OTC (over-the-counter) market under the symbol CBTTF.