Cathedra Bitcoin Inc. announced the resignation of Roy Sebag from the Company's board of directors (the "Board") effective April 4, 2023. President and Chief Operating Officer Drew Armstrong, who has also served on the
Board since September 2021, will assume the role of Chairman. The Board has begun searching for a replacement for Mr. Sebag and hopes to provide an update in short order. Until such time, the Board shall consist of Drew Armstrong (Chairman and President), AJ Scalia (Chief Executive Officer), David Jaques (independent), and Marcus Dent (independent).