XTRA Bitcoin Inc. (CBTC)
Fair ValueFundamental
~13
Price
$0.00
Market Cap
$1M
Part 1 · What the company is worth
Overview
XTRA Bitcoin is a very small, thinly traded company that mines bitcoin — it runs computer hardware that validates bitcoin transactions on the network, earning newly issued bitcoin and transaction fees in return. The company previously operated under a different name and business (Therapy Cells) before pivoting entirely to bitcoin mining. Publicly available information about its current operations, facilities and finances is limited.
How it makes money
Revenue, where it exists, comes from the bitcoin the company's mining hardware earns for validating transactions, plus a share of transaction fees, both of which are paid in bitcoin and whose dollar value depends entirely on bitcoin's market price at the time. Costs are mainly electricity and hardware, so profitability is highly sensitive to both the price of bitcoin and local power costs. Given the company's small size, publicly available detail on its actual revenue and cost figures is limited.
Written by the editors, published on August 18, 2026
Direct competitors
Who this company fights with for the same customers
Generated on September 18, 2026 with claude-haiku-4-5 — shared with all users
MARA is one of the largest bitcoin miners by hash rate, and every unit of hash rate it adds reduces the share of block rewards a small operator like XTRA Bitcoin can win.
Riot operates industrial-scale bitcoin mining facilities and competes for the identical revenue stream — the bitcoin block subsidy and network fees paid to whoever validates transactions.
CleanSpark is a pure-play bitcoin miner whose low energy cost per terahash sets the efficiency bar that a sub-scale miner like XTRA Bitcoin must match to stay profitable.
Bitfarms runs hydro-powered bitcoin mining data centres in Canada, chasing the same block rewards and transaction fees from cheap Canadian power that XTRA Bitcoin targets with its Manitoba site.
Hut 8 mines bitcoin from North American sites selected for low-cost electricity, competing for the same fixed supply of newly issued bitcoin as XTRA Bitcoin.
Limited financial data available (22% of metrics). Scores may not accurately reflect this company's fundamentals.
Balance Sheet & Liquidity
Revenue
0
Net Income
0
Free Cash Flow
-
Total Equity
-
Total Liabilities
-
Current Ratio
0.00
Interest Coverage
-
Debt/EBITDA
-
Earnings Per Share
No EPS data available
Revenue & Net Income
No income data available
Free Cash Flow
No cash flow data available
Income Breakdown
No income data available
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Valuation Metrics
P/E Ratio
-
ROE
-
P/B Ratio
-
P/FCF
-
Gross Margin
100.0%
ROIC
-95.4%
Profitability Radar
Value Creation (Economic Moat)
ROIC
-95.4%
WACC
13.1%
ROIC − WACC
-108.4 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
Fundamental Analysis Criteria
Passed (2)
- Price CAGR 23.12%
- Gross Margin 100.0%
Failed (4)
- ROIC -95.4%
- Current Ratio
- DCF valuation (Unknown)
- Piotroski F-Score 0/9
Unavailable (21)
- EPS data insufficient
- P/FCF NaN
- P/B Ratio NaN
- Dividend Payout NaN%
- Debt/Equity ratio
- Operating Margin NaN%
- Positive Free Cash Flow
- CapEx intensity
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- Low reliance on intangibles
- Price below Graham Number
- ROE (Finnhub)
- Revenue Growth 5Y (Finnhub)
- Analyst Consensus (Finnhub)
- Earnings Surprise (Finnhub)
- PEG Ratio (need PE > 0 and growth > 0)
- Earnings Quality (OCF/Net Income)
- Share Dilution (need 2+ years)
- Net Margin Trend (invalid data)
Piotroski F-Score
Serious financial concerns
Earnings Quality
Low quality: investigate accounting
Share Dilution
Buying back shares. Shareholder friendly
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Paul Knudson | Chief Executive Officer | - |
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Latest News
Recent headlines for CBTC, sourced from Markets Gazette.