Cathedra Bitcoin will move away from mining business and will develop data centers instead.

  • Cathedra Bitcoin will pivot away from Bitcoin mining to providing general data center services and buying Bitcoin on the open market instead, the company said.
  • Cathedra cited unpredictable profit margins as a cause for the shift.

It was Michael Saylor whose MicroStrategy championed large corporations buying bitcoin (BTC) on the open market. Then, surprisingly, one of the biggest bitcoin mining firms, Marathon Digital (MARA), adopted the same strategy. And now another miner is following the same path.

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