Cathedra Bitcoin Inc. ($CBTTF) : The Path to an 18X Return

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Picture this.
A tiny Bitcoin miner that does

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more than just mine.
It runs rigs for other people.

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It sells power back to the grid.
When prices are good.

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It holds Bitcoin on the balance
sheet.

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All of this while trading at $15
million.

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If they hit their targets, you
could see 300% upside in a year

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and 18 times your money in five.
This is not hype.

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This is today's setup.
Welcome to Make Money, part of

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the Finance Frontier AI series.
I'm Sophia Sterling.

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My brain is trained by ChatGPT.
I keep the facts straight.

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I check the real numbers.
I show you how the plan works,

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if it works.
And I'm Max vanguard.

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My chaos model runs on Grok 3.
I watch what the market misses.

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I track fear and panic.
I find when the worst moments

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can turn into profit.
I'm Charlie Graham.

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My mind runs on Gemini.
I stay patient.

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I think long term I breakdown
how a small stock can become a

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big win if you hold through the
noise.

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Cathedra is not a big name yet,
but the numbers are real.

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They mine about 400 PETA hash.
They hold Bitcoin instead of

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selling it.
They cancelled 25,000,000

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dilution warrants.
They paid off old debt at a

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discount and replaced it with a
Bitcoin backed loan that does

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not flood the market with
shares.

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The smart part is how they make
money more than one way.

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They run rigs for others.
They collect hosting fees even

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when Bitcoin drops.
They have a deal with the power

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grid.
When prices jump, they shut rigs

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down and sell power back.
That keeps them alive while

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other miners get squeezed out.
And picture the site.

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One of their biggest locations
is out in North Dakota.

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Cold, flat land.
The wind cuts across empty

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fields.
Inside shipping containers, you

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hear rigs humming.
Some belong to cathedra.

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Some belong to other miners who
pay rent.

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When power prices spike, they
flip the switch and sell that

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power back.
That is how you turn volatility

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into cash flow.
Here are the big takeaways.

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They are already profitable on
paper.

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They own power.
They have hosting clients.

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They have a new CEO, Joel Block
who knows this game.

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He did the Hut 8 merger.
He ran the Celsius mining spin

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out.
That shows this AI pivot plan is

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not just hype.
The simple plan is to keep

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mining and hosting, then use
extra power to rent out AI

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servers.
That means three ways to make

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money instead of 1.
If Bitcoin runs, you win.

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If power prices run, you win.
If AI hosting grows, you win

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again.
And you do not need this to

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become a giant.
You need it to get noticed.

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Right now, nobody is looking.
That is the edge.

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If the plan works, the upside is
real.

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So that is the set up a hybrid
minor with three ways to win a

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clear path to triple your money
in a year.

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A shot at 18 times in five and
you hear about it before the

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herd does that is make money.
Subscribe on Apple or Spotify,

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follow us on X and share this
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Help us keep this show in
business.

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If segment one gave you the big
picture, Segment 2 breaks down

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the model that makes it work.
Let's get into it.

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Let's break down why Cathedra is
not just another Bitcoin miner.

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Most miners are simple.
They run machines 24/7.

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They make money if Bitcoin stays
high.

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If Bitcoin drops below their
cost, they lose money.

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That is it.
No backup plan.

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Deidre is different.
Their model is built like a

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hybrid engine.
They mine Bitcoin themselves.

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That is the core piece, but they
also run machines for other

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miners.
That means they collect steady

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hosting fees every month, no
matter what Bitcoin does.

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And there is a third layer, the
grid deal.

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When power demand spikes, the
grid will pay them to shut off

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their machines.
They sell that power back

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instead of burning it.
This is called demand response.

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It is like a bonus paycheck for
doing nothing.

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That keeps cash coming in when
other miners are losing money.

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Imagine you are a small mining
company.

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You own rigs, but your power
cost is too high.

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You do not want to shut down
forever.

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So you send your rigs to
Cathedra's North Dakota site.

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They have cheap power and they
charge you a hosting fee.

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You pay a steady bill.
They run your machines for you.

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Cathedra makes money.
You keep mining.

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Everyone wins.
This is not just an idea on a

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slide.
They already do it.

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A big chunk of their revenue
last quarter was hosting.

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When other miners panic or run
out of cheap power, they look

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for a landlord.
Cathedra is that landlord.

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And this grid response part is
smart.

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In the winter when the grid is
tight, the local utility pays

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cathedra to shut down rigs.
So instead of burning power at a

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bad Bitcoin price, they get paid
to go quiet.

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That is money for having a
switch you can flip.

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The big take away is that the
hybrid setup means they do not

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live or die by Bitcoin alone.
They have three cash flow

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levers, self mining, hosting,
grid credits and soon AI hosting

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too.
This is how they keep the lights

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on when the Bitcoin market goes
cold.

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Most people miss this.
They see a small miner with a

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tiny hash rate and they think it
is just a penny stock.

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They do not look at the hosting
revenue or the grid checks.

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They stop at the surface.
That is the gap.

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If you have been around miners
like HUD 8 or Iran, you have

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seen this pattern before.
First they mine, then they add

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hosting, then they pivot to new
compute markets like AI.

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That is how they grow without
killing shareholders with

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dilution.
Cathedra is still tiny, but they

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already own and run about 30
megawatts.

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They can grow that with no giant
build cost.

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More power, more rigs, more
hosting, and the AI pivot just

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rents out the same power in a
new way.

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This is the core idea.
Three ways to make money with

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one set of power lines, mining
rigs hosting other miners,

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shutting down when the grid pays
you, and renting to AI clients

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when they show up.
So when you see the stock price

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at pennies, remember what is
under the hood.

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The hybrid model is not a dream.
It is small but real.

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That is the plan.
The market has not priced in

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yet.
So here is the simple take away.

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Cathedra is not just another
miner.

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They are building a hybrid
engine that keeps the lights on

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when Bitcoin crashes.
Hosting keeps the base alive.

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Grid credits fill the gaps.
The AI pivot could add more.

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That is how you survive the
cycles.

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Next up, we go deeper into the
real numbers, the rigs, the

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megawatts, the balance sheet and
the North Dakota site.

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This is not just talk, this is
real infrastructure.

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Segment 3 is next.
Let's open the hood on what

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Cathedral really owns.
It is not just a white paper

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idea or some vaporware miner
with no gear.

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They have real machines, real
sites, and real deals.

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Start with the capacity.
They run about 400 PETA hash per

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second of mining power.
That is their self mining side.

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That makes them one of the
smallest listed miners out

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there, but it also means they
have room to grow without

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stretching debt.
Then there is the power.

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They own and operate about 30
megawatts of power, and they

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have access to up to 44
megawatts total if they fill all

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their sites.
That power is split across three

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places, New Hampshire,
Washington state and North

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Dakota.
New Hampshire is the smaller

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legacy site.
It is where they started.

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Washington gives them steady
hydropower, but the real upside

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is North Dakota.
That site has the biggest growth

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path.
They have open land, cheap

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power, and extra capacity to
host more rigs or pivot to AI

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compute.
Picture standing there, flat,

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cold ground, a wind that cuts
through your jacket.

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Rows of long containers hum with
the sound of thousands of

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miners.
Fans pull heat off the rigs.

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The grid lines run overhead.
This is where the hybrid plan

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lives.
Some rigs are cathedrals.

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Some rigs are cathedrals.
Some belong to other miners who

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pay rent and when the grid
calls, they shut down and sell

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the power back.
The hybrid revenue is simple but

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smart.
First piece is self mining, they

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mine Bitcoin direct that depends
on price.

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Second piece is hosting that is
steady monthly fees that covers

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fixed costs even in a bear
market.

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Third piece is the grid response
that pays them to stop mining

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and sell power back so they can
make cash when the grid is

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stressed.
This is not a huge revenue story

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yet last quarter they did about
6 and a half million Canadian.

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They hold about 50 Bitcoin.
Some of that is pledged as

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collateral for the new Bitcoin
backed loan they took out.

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That loan replaced old debt.
It does not dilute shareholders

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like convertible notes do.
That is why this cleanup

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matters.
The balance sheet is tight but

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alive.
They keep a small cash balance.

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They lean on hosting revenue to
cover costs.

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They also have about 70% insider
ownership.

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That means the people who run it
want the share price to go up.

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They do not want endless
dilution.

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That is a big deal for a micro
cap.

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You can see the blueprint here
on the rigs on the power.

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Fill the sites with hosting
clients.

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Keep Bitcoin on the balance
sheet.

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Use smart loans backed by
Bitcoin instead of dumping new

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shares.
That keeps earnings per share

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stronger if Bitcoin runs.
If you line it up, they've three

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sites, 400 PETA #50 Bitcoin, 30
megawatts today and about 44

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megawatts if they fill the whole
plan.

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That is a lot for a $15 million
market cap.

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That is the real asymmetric
math.

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It is not risk free.
If Bitcoin dumps to zero, they

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get hurt.
If hosting clients leave, they

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get squeezed.
If the grid deal fails, they

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lose a backup.
But you have 3 layers, not one.

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That is what makes it different
from a pure miner with no hybrid

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plan.
The real kicker is the North

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Dakota expansion.
That is where the AI hosting

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pivot could happen.
They already have cheap power

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and containers.
That is how they rent out racks

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to new AI clients who need data
center space.

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Same power, more revenue.
The bottom line Cathedral's deep

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dive is simple, small but real.
Mining, real hosting, real power

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deals, a Bitcoin backed loan to
protect the balance sheet and

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insiders who hold a big stake.
That is the base you need before

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you talk about catalysts.
Next up, we break down the

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hidden signals deck.
Cleanup, warrant cancellation,

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new CEO with a real track
record, and the AI pivot that

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could make the multiple explode
that is segment 4.

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Let's talk about the hidden
signals that make this setup

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stronger than most tiny miners.
Small companies in the space

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usually drown you in dilution.
They sell shares to stay alive.

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They add millions of warrants.
They do cheap convertible notes

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that dump stock on the market.
Cathedral just did the opposite.

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First up is the warrant cleanup.
They cancelled about 25,000,000

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warrants this year.
That is a huge deal for a micro

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cap.
Those warrants could have added

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more shares and crushed earnings
per share.

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Killing them means more upside
for real holders.

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Then there is the debt move.
Last year they had an old

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convertible note.
That kind of debt is dangerous

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because it turns into shares
when you least expect it.

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Cathedra prepaid that debt at a
discount.

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Then they replaced it with a
smart Bitcoin back term loan

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that keeps the balance sheet
lean and does not dilute you if

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they pay it off right.
A Bitcoin backed loan is like a

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safety net.
They hold Bitcoin as collateral.

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They do not have to dump coins
cheap in a bear market.

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If Bitcoin price holds up, the
collateral covers the loan that

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keeps cash on the balance sheet
and protects shareholders.

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This is rare for a miner.
The small Usually you see

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desperate moves, reverse splits,
endless shares.

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Printed.
Here you see the opposite.

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They cut dilution and took
smarter debt.

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That means they want the share
price to rise instead of just

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survive.
Then you have the insiders.

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Cathedra insiders own over 70%
of the shares.

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00:13:24,120 --> 00:13:28,160
That means the people making the
calls want the stock to move up.

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00:13:28,640 --> 00:13:30,880
They do not want to kill their
own upside.

233
00:13:31,240 --> 00:13:35,320
That is an asymmetric edge you
don't see in most micro miners.

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00:13:36,280 --> 00:13:39,760
Now the biggest signal
leadership, Cathedra brought in

235
00:13:39,760 --> 00:13:43,120
Joel Block as CEO.
This is not some random name.

236
00:13:43,360 --> 00:13:46,320
He ran the merger of Hut 8 and
US Bitcoin.

237
00:13:46,560 --> 00:13:49,320
That was the biggest minor
merger in North America.

238
00:13:49,520 --> 00:13:52,640
He also ran the spin out for the
Celsius mining unit during

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00:13:52,640 --> 00:13:55,960
bankruptcy.
That deal was worth over $700

240
00:13:55,960 --> 00:13:58,800
million.
So you have a real operator at

241
00:13:58,800 --> 00:14:02,560
the top, someone who knows how
to fix balance sheets, negotiate

242
00:14:02,560 --> 00:14:05,440
deals, and grow mining into
hosting or other revenue

243
00:14:05,440 --> 00:14:08,800
streams.
That is not common for a $15

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00:14:08,800 --> 00:14:12,080
million micro cap.
And here is the kicker.

245
00:14:12,520 --> 00:14:15,000
The AI hosting pivot is not just
talk.

246
00:14:15,400 --> 00:14:18,080
They have extra power capacity
in North Dakota.

247
00:14:18,480 --> 00:14:22,240
They can lease that power to AI
clients who need cheap compute.

248
00:14:22,680 --> 00:14:25,400
Same rigs, same power, new
money.

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00:14:25,840 --> 00:14:29,840
If Joe Block pulls that off, the
earnings multiple changes fast.

250
00:14:30,840 --> 00:14:34,840
Picture what that means.
They uplist, They close one big

251
00:14:35,040 --> 00:14:37,800
AI deal, they add more hosting
clients.

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00:14:38,080 --> 00:14:41,560
The market starts to believe
when a company like this goes

253
00:14:41,560 --> 00:14:44,640
from ignored to noticed.
The RE rate window can open

254
00:14:44,640 --> 00:14:47,080
overnight.
That is how you get from three

255
00:14:47,080 --> 00:14:51,200
times upside to 18 times upside
in a five year window.

256
00:14:51,560 --> 00:14:56,600
So here are your simple
catalysts. 1 Dilution is gone. 2

257
00:14:56,600 --> 00:15:02,120
Debt is smarter. 3 Insiders hold
the bag with you. 4 The new CEO

258
00:15:02,120 --> 00:15:06,600
knows how to grow miners into
bigger players. 5 The AI pivot

259
00:15:06,600 --> 00:15:10,160
is a real plan with extra
capacity ready to rent out.

260
00:15:10,680 --> 00:15:13,080
This does not mean risk goes
away.

261
00:15:13,360 --> 00:15:17,840
If Bitcoin dumps, they feel it.
If the AI pivot flops, they stay

262
00:15:17,840 --> 00:15:20,640
tiny.
But the plan stacks real layers.

263
00:15:21,160 --> 00:15:24,680
It is not just hope, that is
what you want when you bet on a

264
00:15:24,680 --> 00:15:28,560
micro cap.
The next piece is the valuation.

265
00:15:28,800 --> 00:15:32,800
We break down the upside math,
how you get to 300% in a year,

266
00:15:33,040 --> 00:15:36,960
how you map out 18 times in
five, and what the market is

267
00:15:36,960 --> 00:15:40,200
still missing.
That is next in segment 5.

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00:15:40,560 --> 00:15:43,240
Let's break down the upside math
step by step.

269
00:15:43,560 --> 00:15:46,800
Cathedral's trailing earnings
per share is about 1 Canadian

270
00:15:46,800 --> 00:15:50,240
cent.
That is not huge, but it means

271
00:15:50,240 --> 00:15:52,200
they already make money on
paper.

272
00:15:52,520 --> 00:15:55,720
That is your base.
Most small miners lose money

273
00:15:55,720 --> 00:15:58,400
every quarter.
They keep printing new shares to

274
00:15:58,400 --> 00:16:01,080
survive.
Cathedra flipped that.

275
00:16:01,560 --> 00:16:04,560
They killed dilution.
They paid down debt.

276
00:16:04,920 --> 00:16:07,040
They switched to a Bitcoin
backed loan.

277
00:16:07,600 --> 00:16:11,000
That means earnings per share is
not buried under millions of

278
00:16:11,000 --> 00:16:13,600
extra shares.
Now look at what a fear multiple

279
00:16:13,600 --> 00:16:16,480
could be.
Profitable Bitcoin miners with

280
00:16:16,480 --> 00:16:19,520
steady hosting usually trade
around 20 times earnings.

281
00:16:19,960 --> 00:16:24,920
That is your benchmark. 1 cent
EPS times 20 means a fair value

282
00:16:24,920 --> 00:16:29,320
near $0.20 Canadian.
The stock trades for about 6 1/2

283
00:16:29,320 --> 00:16:33,360
cents today, so the gap from six
cents to $0.20 is more than

284
00:16:33,360 --> 00:16:36,000
three times.
That is not the dream number.

285
00:16:36,280 --> 00:16:39,640
That is the base if the market
just prices the earnings fairly.

286
00:16:39,960 --> 00:16:44,320
Now let's run a simple scenario.
Imagine Bitcoin pushes back to

287
00:16:44,320 --> 00:16:47,880
100,000.
That is not crazy, we have seen

288
00:16:47,880 --> 00:16:52,160
it close to 70,000 already.
A big run moves self mining

289
00:16:52,160 --> 00:16:55,360
profits fast.
Then layer in one small AI

290
00:16:55,360 --> 00:16:58,280
hosting deal.
Let's say they lease out racks

291
00:16:58,280 --> 00:17:01,000
to one client for 5 million in
extra revenue.

292
00:17:01,640 --> 00:17:04,359
That extra hosting money drops
to the bottom line because they

293
00:17:04,359 --> 00:17:08,319
already have the power.
No big new bill cost that bumps

294
00:17:08,319 --> 00:17:10,960
EPS closer to four or five
cents.

295
00:17:11,359 --> 00:17:15,040
Apply the same multiple and you
get a fair value closer to $0.80

296
00:17:15,040 --> 00:17:17,640
Canadian.
That is your five year path to

297
00:17:17,640 --> 00:17:21,680
18 times if they hit it.
Now look at the stress test.

298
00:17:21,920 --> 00:17:26,400
What if Bitcoin dumps to 20,000?
What if the AI pivot stalls?

299
00:17:26,640 --> 00:17:29,640
They still have hosting clients
who pay steady fees.

300
00:17:29,880 --> 00:17:32,600
They still have the grid
response deal that pays them to

301
00:17:32,600 --> 00:17:34,840
shut rigs down and sell power
back.

302
00:17:35,120 --> 00:17:37,120
That covers a big chunk of
costs.

303
00:17:37,360 --> 00:17:40,560
It does not save them forever,
but it keeps the lights on while

304
00:17:40,560 --> 00:17:43,640
other miners fold.
This is the asymmetric piece

305
00:17:43,640 --> 00:17:45,840
people miss if the worst
happens.

306
00:17:45,840 --> 00:17:48,200
Your downside is not 0, but it
is small.

307
00:17:49,000 --> 00:17:52,240
You size your position at 3%.
You hold the core.

308
00:17:52,640 --> 00:17:55,960
You swing the edges.
You keep your cash buffer ready.

309
00:17:56,600 --> 00:17:58,560
And here is why the chaos
matters.

310
00:17:58,960 --> 00:18:01,080
Grok Signal looks at the halving
window.

311
00:18:01,520 --> 00:18:07,080
Bitcoin halvings in 20/12/2016
and 2020 pushed the price up

312
00:18:07,080 --> 00:18:10,800
hundreds or thousands of percent
in 12 to 18 months.

313
00:18:11,320 --> 00:18:14,640
Cathedral's hybrid model can
ride that wave and still earn

314
00:18:14,640 --> 00:18:17,000
hosting fees if the wave slows
down.

315
00:18:17,840 --> 00:18:20,440
Most people see a micro miner
and walk away.

316
00:18:20,760 --> 00:18:23,840
They miss the meth, they miss
the cleaned up dilution, they

317
00:18:23,840 --> 00:18:27,040
miss the warrant kill.
They miss the CEO who knows how

318
00:18:27,040 --> 00:18:30,040
to land big deals.
That is your edge when you do

319
00:18:30,040 --> 00:18:32,560
the work.
And this works because you keep

320
00:18:32,560 --> 00:18:35,200
it small.
You do not need to size this

321
00:18:35,200 --> 00:18:39,200
like Apple or NVIDIA.
You hold a tiny piece and let

322
00:18:39,200 --> 00:18:42,000
the chaos lift the multiple when
nobody is watching.

323
00:18:42,760 --> 00:18:47,120
So here is the final frame.
Base case is 3 times upside in a

324
00:18:47,120 --> 00:18:49,560
year if the market sees the real
earnings.

325
00:18:49,880 --> 00:18:54,880
Five year dream is 18 times if
Bitcoin runs and the AI pivot

326
00:18:54,880 --> 00:18:58,080
hits.
If not, you risk a small piece

327
00:18:58,520 --> 00:19:03,960
that is real asymmetric math.
Next up, we break down exactly

328
00:19:03,960 --> 00:19:08,680
how to trade that edge, how you
use 80R percent RSI and a smart

329
00:19:08,680 --> 00:19:11,680
swing plan instead of options
that is Segment 6.

330
00:19:11,920 --> 00:19:15,040
Let's talk strategy.
This is not a large cap.

331
00:19:15,360 --> 00:19:17,320
This is not a stock with
options.

332
00:19:17,840 --> 00:19:20,240
You're not writing calls or
building a spread.

333
00:19:20,720 --> 00:19:23,920
This is a tiny minor trading on
the OTC market.

334
00:19:24,360 --> 00:19:26,920
So you need a smart plan that
fits the risk.

335
00:19:27,320 --> 00:19:31,400
The first rule is size.
I hold about 3% of My Portfolio

336
00:19:31,400 --> 00:19:33,560
in this name.
That is the base.

337
00:19:33,960 --> 00:19:37,520
That is your asymmetric core.
Small enough to sleep at night,

338
00:19:37,720 --> 00:19:39,600
big enough to matter if it
works.

339
00:19:39,720 --> 00:19:42,000
The second rule is swing with
logic.

340
00:19:42,360 --> 00:19:44,560
You look at the average daily
range percent.

341
00:19:44,880 --> 00:19:49,080
If the stock is moving 10 or 15%
a day, that tells you something.

342
00:19:49,560 --> 00:19:52,360
You do not chase grain, you let
it come to you.

343
00:19:53,280 --> 00:19:57,760
Then you add RSI.
If RSI is under 70, you have

344
00:19:57,760 --> 00:20:01,080
room.
If it drops below 60 or 50, even

345
00:20:01,080 --> 00:20:03,560
better.
That is, when you step in for a

346
00:20:03,560 --> 00:20:06,960
swing entry, you are not
guessing, you are using math

347
00:20:06,960 --> 00:20:09,960
that maps price strength.
Let's walk through an example.

348
00:20:10,320 --> 00:20:15,440
Imagine RSI is at 62.
The stock is down 5% on the day.

349
00:20:15,680 --> 00:20:19,800
You know the daily range is 10%.
That is a decent setup.

350
00:20:20,080 --> 00:20:23,280
You buy a swing.
One day later it is green.

351
00:20:23,560 --> 00:20:26,720
ADR is up.
RSI hit 72.

352
00:20:26,920 --> 00:20:28,800
You take profit.
Simple.

353
00:20:29,480 --> 00:20:32,200
Here is the key.
You do not sell the whole

354
00:20:32,200 --> 00:20:37,040
position, you sell the swing.
Your core stays that way.

355
00:20:37,040 --> 00:20:41,120
If the company wins, you are
still in, but if the swing runs,

356
00:20:41,240 --> 00:20:45,640
you take your money and reload.
Later and now comes the extra

357
00:20:45,640 --> 00:20:49,640
edge, the buffer.
Take 10 to 20% of that swing

358
00:20:49,640 --> 00:20:52,080
profit and feed it back into the
core.

359
00:20:52,800 --> 00:20:57,880
But only if RSI drops below 50.
That way you are building the

360
00:20:57,880 --> 00:21:00,520
base with house money.
Think of it like this.

361
00:21:00,880 --> 00:21:04,440
You are not buying more with
fresh cash, you are recycling

362
00:21:04,440 --> 00:21:07,080
profits.
You are slowly building a bigger

363
00:21:07,080 --> 00:21:10,200
core, but only when the price
tells you the trade is calm

364
00:21:10,200 --> 00:21:11,840
again.
This gives you leverage.

365
00:21:11,840 --> 00:21:15,080
Without leverage you are using
range and rhythm.

366
00:21:15,560 --> 00:21:18,560
You are not all in, you are
stacking edges.

367
00:21:18,840 --> 00:21:22,360
This is how you trade a micro
cap with upside and risk at the

368
00:21:22,360 --> 00:21:25,680
same time.
Most people treat stocks like

369
00:21:25,680 --> 00:21:29,680
this, like lottery tickets.
They throw in money and hope.

370
00:21:30,080 --> 00:21:32,760
This is not hope.
This is structure.

371
00:21:33,160 --> 00:21:37,200
This is conviction with a plan.
And here is why this matters.

372
00:21:37,480 --> 00:21:40,920
You do not have options on this
stock, but you can treat the

373
00:21:40,920 --> 00:21:44,000
swing like a call.
You size it with defined risk.

374
00:21:44,240 --> 00:21:46,240
You take gains when the chart
tells you.

375
00:21:46,720 --> 00:21:51,640
You reset when RSI resets.
That is how you ride volatility.

376
00:21:52,040 --> 00:21:53,640
That is how you stay in the
game.

377
00:21:54,240 --> 00:21:58,160
That is how you turn a micro cap
into asymmetric gain without

378
00:21:58,160 --> 00:22:01,080
getting buried.
So the final rules are clear.

379
00:22:01,400 --> 00:22:05,800
Keep a small core, use ADR
percent and RSI to buy the

380
00:22:05,800 --> 00:22:08,320
swing.
Sell the swing when green and

381
00:22:08,320 --> 00:22:11,920
RSI is high.
Refeed the base with profits

382
00:22:11,920 --> 00:22:15,520
only when RSI is low.
That is how you ride upside and

383
00:22:15,520 --> 00:22:19,080
cap the risk.
Coming up, segment 7 ties it all

384
00:22:19,080 --> 00:22:21,760
together.
Charlie brings the Longview.

385
00:22:22,120 --> 00:22:25,960
We connect this play to other
names like IRN and we show you

386
00:22:25,960 --> 00:22:29,280
why this kind of model is the
new map for small miners with

387
00:22:29,280 --> 00:22:31,600
big upside.
Let's step back and tie this

388
00:22:31,600 --> 00:22:33,800
together.
When you look at a micro cap

389
00:22:33,800 --> 00:22:36,480
like cathedra, the real power is
time.

390
00:22:36,920 --> 00:22:38,840
The plan is not to get rich
overnight.

391
00:22:39,200 --> 00:22:42,240
The plan is to compound what the
market does not see yet.

392
00:22:43,120 --> 00:22:45,280
The first layer is the hybrid
cash flow.

393
00:22:45,560 --> 00:22:48,760
That means they do not live or
die by Bitcoin alone.

394
00:22:49,080 --> 00:22:51,800
They run rigs, they host other
rigs.

395
00:22:52,000 --> 00:22:53,920
They sell power back to the
grid.

396
00:22:54,240 --> 00:22:57,160
That means three ways to get
paid when most miners have only

397
00:22:57,160 --> 00:22:59,080
one.
The second layer is the

398
00:22:59,080 --> 00:23:04,360
leadership and insider stack.
Over 70% insider ownership.

399
00:23:04,840 --> 00:23:08,000
That means the people running
the business have the same goal

400
00:23:08,000 --> 00:23:10,680
you do.
That is rare for a penny stock.

401
00:23:11,280 --> 00:23:15,080
Then you add the pivot plan.
The AI hosting angle is not

402
00:23:15,080 --> 00:23:18,800
magic, it is a real use of the
same cheap power that runs the

403
00:23:18,800 --> 00:23:21,480
Ridge today.
If they land that, it could be

404
00:23:21,480 --> 00:23:24,080
the piece that flips their
earnings multiple from three

405
00:23:24,080 --> 00:23:28,480
times upside to 10 or more.
Here is the historical piece.

406
00:23:28,760 --> 00:23:31,000
Look at Hut 8.
Look at Iran.

407
00:23:31,200 --> 00:23:35,440
They did the same base steps.
They mined Bitcoin first, then

408
00:23:35,440 --> 00:23:38,880
they added hosting for others.
Then they expanded into high

409
00:23:38,880 --> 00:23:42,040
performance compute.
That is how a small miner turns

410
00:23:42,040 --> 00:23:45,600
into a hybrid cash machine.
And remember what the market

411
00:23:45,600 --> 00:23:48,320
misses.
Most people still think miners

412
00:23:48,320 --> 00:23:52,280
are stuck in the crypto boom or
bust cycle, but hosting and grid

413
00:23:52,280 --> 00:23:54,760
paybacks turn that cycle into
cash flow.

414
00:23:55,240 --> 00:23:58,600
That is how you survive the bad
times and grow in the good

415
00:23:58,600 --> 00:24:01,080
times.
This is where the asymmetric

416
00:24:01,080 --> 00:24:04,480
mindset comes in.
You do not size this big.

417
00:24:04,840 --> 00:24:08,320
You do not bet the house.
You hold a small piece.

418
00:24:08,680 --> 00:24:11,400
You ride the noise, you swing
the edges.

419
00:24:11,720 --> 00:24:15,320
If they win, you compound.
If they flop, you lose pennies,

420
00:24:15,320 --> 00:24:18,280
not dollars.
And you keep watching the

421
00:24:18,280 --> 00:24:20,720
signals.
Keep an eye on new hosting

422
00:24:20,720 --> 00:24:23,040
deals.
Watch if they sign that first

423
00:24:23,040 --> 00:24:27,800
real AI contract, track insider
buying, track how much Bitcoin

424
00:24:27,800 --> 00:24:30,880
they hold versus sell.
That is your rewrite window.

425
00:24:31,200 --> 00:24:33,640
If the window opens, it opens
fast.

426
00:24:34,000 --> 00:24:37,880
One big headline, one up listing
1 smart deal.

427
00:24:38,280 --> 00:24:41,200
That is how tiny setups go from
ignored to noticed.

428
00:24:41,520 --> 00:24:44,360
That is where you make your move
early and let time do the heavy

429
00:24:44,360 --> 00:24:47,800
lift.
The base to bull path is simple.

430
00:24:48,200 --> 00:24:52,880
Keep the rigs online, grow
hosting, keep dilution dead, Let

431
00:24:52,880 --> 00:24:56,160
the new CEO do what he did at
HUD 8 and Celsius.

432
00:24:56,640 --> 00:25:00,240
If the AI pivot clicks, you do
not need a $10 billion market

433
00:25:00,240 --> 00:25:02,360
cap.
You need a tin bagger from

434
00:25:02,360 --> 00:25:04,960
pennies.
That is the asymmetric sweet

435
00:25:04,960 --> 00:25:07,840
spot.
And remember the downside.

436
00:25:08,360 --> 00:25:10,360
If Bitcoin crashes, they feel
it.

437
00:25:10,600 --> 00:25:12,880
If hosting demand drops, they
feel it.

438
00:25:13,120 --> 00:25:16,760
But you still have a base that
makes money three ways, not one.

439
00:25:17,120 --> 00:25:20,480
That is your margin of safety.
So that is the framework.

440
00:25:21,000 --> 00:25:25,640
Hold the small piece, swing the
spikes, refeed the core with

441
00:25:25,640 --> 00:25:28,920
swing profits, watch the signals
repeat.

442
00:25:29,280 --> 00:25:32,360
This is not a lottery ticket, it
is a system.

443
00:25:32,960 --> 00:25:35,640
If you like this hybrid play, go
back and listen to our our

444
00:25:35,640 --> 00:25:38,400
Unlimited episode.
That is another small minor with

445
00:25:38,400 --> 00:25:42,400
hosting plus AI compute.
Same pattern, different scale.

446
00:25:42,800 --> 00:25:45,200
These setups do not show up
every day.

447
00:25:46,000 --> 00:25:49,520
Coming up, Segment 8 wraps us up
with the mindset piece.

448
00:25:49,720 --> 00:25:52,080
How smart traders think like
investors.

449
00:25:52,360 --> 00:25:54,720
How you blend the chaos with
conviction.

450
00:25:54,960 --> 00:25:57,920
How you stay early when the
crowd stays blind.

451
00:25:58,520 --> 00:26:01,520
Let's bring this on.
When you look at Cathedra, you

452
00:26:01,520 --> 00:26:05,320
see a small hybrid miner that
uses cheap power and three smart

453
00:26:05,320 --> 00:26:08,200
ways.
They mine Bitcoin, they host

454
00:26:08,200 --> 00:26:11,240
other miners, and they sell
power back to the grid.

455
00:26:11,240 --> 00:26:15,080
When the grid pays them more to
shut down, that is the base.

456
00:26:15,920 --> 00:26:19,160
Then you see the pivot.
They have extra capacity in

457
00:26:19,160 --> 00:26:22,400
North Dakota.
The new CEO, Joel Block knows

458
00:26:22,400 --> 00:26:26,040
how to land a new deal.
That is how the AI hosting plan

459
00:26:26,040 --> 00:26:29,720
becomes real.
Same cheap power, new higher

460
00:26:29,720 --> 00:26:32,480
margin clients.
That is The X Factor.

461
00:26:32,760 --> 00:26:35,440
The truth is you do not need
this to be perfect.

462
00:26:35,840 --> 00:26:37,840
You need it to be good enough to
get noticed.

463
00:26:38,120 --> 00:26:43,320
You need one catalyst to click a
hosting contract, an AI customer

464
00:26:43,680 --> 00:26:46,880
and up listing.
When that window opens, it moves

465
00:26:46,880 --> 00:26:49,600
fast.
You have seen this before.

466
00:26:50,040 --> 00:26:53,400
Look at IRN Limited.
That is another hybrid miner.

467
00:26:53,840 --> 00:26:57,560
They started with rigs, added
hosting, then pivoted to AI

468
00:26:57,560 --> 00:27:00,120
compute.
Their multiple changed when the

469
00:27:00,120 --> 00:27:03,680
market caught on.
Or look at Condor energies.

470
00:27:03,920 --> 00:27:06,680
That is not mining but it is the
same pattern.

471
00:27:07,160 --> 00:27:11,800
A tiny overlooked player with a
big hidden catalyst 1 energy

472
00:27:11,800 --> 00:27:15,320
corridor deal that turns a micro
cap into a geopolitical swing

473
00:27:15,320 --> 00:27:17,760
trade.
That is how you see 7 or 10

474
00:27:17,760 --> 00:27:20,400
times upside when the mainstream
stays blind.

475
00:27:20,720 --> 00:27:24,360
That is the bigger lesson.
Smart traders think like long

476
00:27:24,360 --> 00:27:28,080
term investors.
You do not marry the stock, you

477
00:27:28,080 --> 00:27:30,840
hold a small core.
You trade the swings.

478
00:27:31,120 --> 00:27:32,920
You feed the base with house
money.

479
00:27:33,200 --> 00:27:36,200
That is how you build conviction
and use the chaos instead of

480
00:27:36,200 --> 00:27:40,200
letting the chaos use you.
That is the asymmetric playbook.

481
00:27:40,560 --> 00:27:44,480
Small piece, smart plan, real
signals.

482
00:27:44,960 --> 00:27:48,920
You do not bet the house.
You ride the cycle, you repeat

483
00:27:48,920 --> 00:27:53,400
the set up again and again.
Eat them all, base, Hoth and

484
00:27:53,400 --> 00:27:55,480
Yeovili.
Eat it in bomb base.

485
00:27:55,840 --> 00:27:58,080
What they'll move laseriest
towards.

486
00:27:58,080 --> 00:28:01,360
He makes his teeth.
Find him vase diamonds and

487
00:28:01,360 --> 00:28:03,800
finesa thyme burden you might
want.

488
00:28:03,800 --> 00:28:07,160
Megadays for nearly dude and
beneath the days the brilliant

489
00:28:07,160 --> 00:28:09,880
fight to make him pivot.
Who was his effort or.

490
00:28:09,880 --> 00:28:12,800
Thanks to our.
Staff she mischievous of wood of

491
00:28:12,800 --> 00:28:14,480
fruit of.
Spurry top of them.

492
00:28:14,760 --> 00:28:17,800
Or if he got me down my force.
On bulk of the.

493
00:28:17,840 --> 00:28:18,880
Themes.
Flippings.

494
00:28:18,880 --> 00:28:21,320
Extremos.
Our motor speed.

495
00:28:21,320 --> 00:28:25,440
Will be reseleeth you.
I'm blazing me since. 11 or it's

496
00:28:25,440 --> 00:28:27,720
me clutter and spamming to the
things that have 10s

497
00:28:27,720 --> 00:28:30,160
contractors.
You really have blazed well as

498
00:28:30,160 --> 00:28:33,280
me and we have too many being
that you often help with these

499
00:28:33,280 --> 00:28:35,400
screams.
As a bad things off on with

500
00:28:35,400 --> 00:28:40,640
their seven Condor now cathedra.
This is how you stay early when

501
00:28:40,640 --> 00:28:44,480
everyone else stays late.
So here is what to do next.

502
00:28:44,720 --> 00:28:49,240
Subscribe on Apple or Spotify.
Follow us on X Share this

503
00:28:49,240 --> 00:28:54,080
episode with a friend Help us
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504
00:28:54,080 --> 00:28:57,440
keep this show in business.
If you have a smart company or

505
00:28:57,440 --> 00:29:00,960
project that fits what we do,
like hybrid miners, energy

506
00:29:00,960 --> 00:29:03,320
pivots, or AI hosting plays,
pitch it at

507
00:29:03,320 --> 00:29:07,400
financefrontierai.com.
We might feature it for free if

508
00:29:07,400 --> 00:29:10,760
it matches our signal.
The music in this episode is

509
00:29:10,760 --> 00:29:12,840
licensed under standard
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510
00:29:13,120 --> 00:29:16,560
Special thanks to Vibe Tracks
for the track Crystal provided

511
00:29:16,560 --> 00:29:18,920
under the YouTube Audio Library
license.

512
00:29:19,240 --> 00:29:23,800
This episode is copyright 2025
Finance Frontier AI.

513
00:29:24,400 --> 00:29:27,920
All rights reserved.
Unauthorized reproduction or

514
00:29:27,920 --> 00:29:31,760
distribution is not allowed.
Thanks for listening and stay

515
00:29:31,760 --> 00:29:34,120
ready for the next asymmetric
setup.