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Compass Mining Expands Operations into Kentucky with New 10 Megawatt Partnership

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Compass will lease Cathedra’s state-of-the-art facility for its Bitcoin mining operations under a profit-sharing agreement

WILMINGTON, Del., Oct. 28, 2024 /CNW/ — Compass Mining (“Compass” or the “Company”), a leading provider of Bitcoin mining hardware, hosting, and services, today announced its partnership with Cathedra Bitcoin (TSX-V: CBIT; OTC: CBTTF) (“Cathedra”), a digital infrastructure company, to co-locate 10 megawatts (MW) of Bitcoin mining equipment at one of Cathedra’s data centers in Kentucky. This collaboration is set to increase Compass’s capabilities, ensuring enhanced services and operational stability for its customers.

Geographic expansion and strategic partnerships ensure a consistent and profitable mining experience for customers.

Under the terms of the agreement, Compass will manage the mining operations at the facility, covering pass-through power costs, while sharing Bitcoin mining profit with Cathedra. Both parties intend to expand this partnership beyond the initial 10 MW to other sites in the future.

“We’re thrilled to partner with Cathedra,” said Paul Gosker, CEO of Compass Mining. “The Kentucky data center meets Compass’s high uptime and reliability standards for all its partner sites, and the location offers a stable power grid and favorable regulatory environment. By leveraging Cathedra’s infrastructure, we will have even greater flexibility and control over our Bitcoin mining services.”

This partnership builds on Compass’s ongoing efforts to expand its footprint in different regions, following recent successful energizations of 4,000 mining machines in Iowa and 2,400 in Nebraska. With nearly 50 MW of power capacity brought online across facilities in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas in 2024 alone, Compass plans to add an additional 20 MW by the end of the year.

Compass Mining’s geographic expansion and strategic partnerships, such as this collaboration with Cathedra, ensure a consistent and profitable mining experience for its customers. Whether hosting at one of Compass’s facilities or purchasing hardware through its user-friendly platform, clients benefit from the Company’s vast experience, expert customer service, and a growing portfolio of energy-efficient mining sites in varying power markets.

“Our goal has always been to make Bitcoin mining accessible for everyone, regardless of size or expertise,” said Gosker. “With our continued growth, both new and existing customers can trust Compass to deliver world-class mining services backed by our growing expertise, and the infrastructure required to succeed.”

“We are very excited to be working with Compass Mining, a company that has demonstrated their ability to mine bitcoin at scale through multiple market cycles,” remarked Cathedra President and COO Drew Armstrong.

About Compass Mining

Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.

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SOURCE Compass Mining

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PRINCIPAL REAL ESTATE INCOME FUND DECLARES MONTHLY DISTRIBUTIONS OF $0.105 PER SHARE

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DENVER, Jan. 2, 2025 /PRNewswire/ — Principal Real Estate Income Fund (the “Fund”), which is traded on the New York Stock Exchange under the symbol “PGZ,” announced the declaration of monthly distributions of $0.105 per common share, payable on the dates noted below. Based on the Fund’s current net asset value share price of $11.42 (as of market close on December 27, 2024), the distributions represent an annualized distribution rate of 11.03%.

The following dates apply to the distributions declared:

Ex Date

Record Date

Payable Date

February 13, 2025

February 13, 2025

February 28, 2025

March 17, 2025

March 17, 2025

March 31, 2025

April 15, 2025

April 15, 2025

April 30, 2025

RISKS

This press release is not for tax reporting purposes but is being provided to announce the amount of the Fund’s distributions. In early 2026, after definitive information is available, the Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholder’s tax return (e.g., ordinary income, long-term capital gain or return of capital). An investment in the Fund is not appropriate for all investors and is not intended to be a complete investment program. The Fund is designed as a long-term investment and not as a trading vehicle.

Investing in the Fund involves risks, including the risk that you may receive little or no return on your investment or that you may lose part or even all of your investment and exposure to below-investment grade investments (i.e., “junk bonds”). The Fund’s net asset value will vary and its distribution rate may vary and both may be affected by numerous factors, including changes in the market spread over a specified benchmark, market interest rates and performance of the broader equity markets. Fluctuations in net asset value may be magnified as a result of the Fund’s use of leverage. Therefore, before investing you should carefully consider the risks that you assume when you invest in the Fund’s common shares.

Securities backed by commercial real estate assets are subject to market risks similar to those of direct ownership of commercial real estate assets including, but not limited to, declines in the value of real estate, declines in rental or occupancy rates and risks related to general and local economic conditions.

The Fund’s investment objectives and policies are not designed to seek to return the initial investment to investors that purchase shares.

Sources of distributions to shareholders may include net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. If a distribution includes anything other than net investment income, the fund provides a Section 19(a) notice of the best estimate of its distribution sources at that time, available at www.principalcef.com. These estimates may not match the final tax characterization (for the full year’s distributions) contained in shareholders’ 1099-DIV forms after the end of the year. Past performance is not a guarantee of future results.

An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain an  annual report or semi-annual report which contains this and other information visit www.principalcef.com or call 855.838.9485.  Please read them carefully before investing.

Shares of closed-end investment companies frequently trade at a discount from their net asset value and initial offering prices.

NOT FDIC INSURED | May Lose Value | No Bank Guarantee

The Fund is a closed-end fund and does not continuously issue shares for sale as open-end mutual funds do. Since the initial public offering, the Fund now trades in the secondary market. Investors wishing to buy or sell shares need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market’s value.

ALPS Advisors, Inc. is the investment adviser to the Fund.

Principal Real Estate Investors LLC is the investment sub-adviser to the Fund. Principal Real Estate Investors LLC is not affiliated with ALPS Advisors, Inc. or any of its affiliates.

ALPS Portfolio Solutions Distributor, Inc. is the FINRA Member firm.

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 20,000 financial services and healthcare organizations, from the world’s largest companies to small and mid-market firms, rely on SS&C for expertise, scale, and technology. Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.

About SS&C ALPS Advisors

SS&C ALPS Advisors, a wholly-owned subsidiary of SS&C Technologies, is a leading provider of investment products for advisors and institutions. With over $26.24 billion under management as of September 30, 2024, SS&C ALPS Advisors is an open architecture boutique investment manager offering portfolio building blocks, active insight and an unwavering drive to guide clients to investment outcomes across sustainable income, thematic and alternative growth strategies. For more information, visit www.alpsfunds.com.

About Principal Real Estate Investors

Principal Real Estate Investors manages or sub-advises $102 billion in commercial real estate assets, as of September 30, 2024. The firm’s real estate capabilities include both public and private equity and debt investment alternatives. Principal Real Estate Investors is the dedicated real estate group of Principal Global Investors, a diversified asset management organization and a member of the Principal Financial Group®.

PRE000438  1/2/2026

 

View original content:https://www.prnewswire.com/news-releases/principal-real-estate-income-fund-declares-monthly-distributions-of-0-105-per-share-302340830.html

SOURCE Principal Real Estate Income Fund

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UPDATE: Earth to Space Call: NASA Leaders to Speak with Station Astronauts

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WASHINGTON, Jan. 2, 2025 /PRNewswire/ — NASA Administrator Bill Nelson and Deputy Administrator Pam Melroy will speak with NASA astronauts Nick Hague, Butch Wilmore, Suni Williams, and Don Pettit on Wednesday, Jan. 8, to discuss their mission aboard the International Space Station. The call previously was scheduled for Monday, Jan. 6.

The Earth to space call coverage begins at 1:25 p.m. EST on NASA+. Learn how to watch NASA content through a variety of platforms, including social media. 

NASA’s Commercial Crew Program has delivered on its goal of safe, reliable, and cost-effective transportation to and from the International Space Station from the United States through a partnership with American private industry. This partnership is opening access to low Earth orbit and the space station to more people, science, and commercial opportunities. The space station remains the springboard to NASA’s next great leap in space exploration, including future missions to the Moon and eventually, to Mars.

For NASA’s launch blog and more information about the mission, visit:

https://www.nasa.gov/commercialcrew

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SOURCE NASA

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Lumine Group Inc. Announces Temporary Leave of Absence and Appointment of Interim CEO

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TSXV:LMN

TORONTO, Jan. 2, 2025 /CNW/ – Lumine Group Inc. (“Lumine Group”) (TSXV: LMN) announced today that David Nyland is taking a temporary leave of absence, effective immediately. Tony Garcia, Group President, has been appointed as Interim CEO in Mr. Nyland’s absence. Mr. Garcia has been with Lumine Group since 2017 and has played an instrumental role in the company’s group operations and M&A activities.

About Lumine Group Inc.

Lumine Group acquires, strengthens, and grows vertical market software businesses in the Communications and Media industry. Learn more at www.luminegroup.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Lumine Group Inc

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