Cathedra Bitcoin Announces Securityholder Approval of Plan of Arrangement

Cathedra Bitcoin announced overwhelming securityholder approval (99.95% of votes) of a statutory plan of arrangement to combine with Sphere 3D, with the transaction expected to close on June 1, 2026 pending a Final Order hearing on May 25, 2026. The deal consolidates Cathedra’s four data centers (45 MW) and ~400 PH/s of proprietary mining capacity into a larger digital infrastructure platform. Market impact is likely limited for Bitcoin spot prices in the near term, but the transaction could strengthen the combined company's operational scale and investor appeal within the bitcoin-mining sector, potentially benefiting miners’ equities rather than BTCUSD directly.