Canadian bitcoin company has big plans for Berlin manufacturing facility

Date Published04/06/2022
Author NameBob Sanders
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Cathedra Bitcoin Inc.
Parent companyCathedra Bitcoin Inc.
Type of work IT
Reshoring category:Foreign Direct Investment
Year reshoring announced:2022
Domestically, the work will be done:In-house
Capital investment ($):32
Country(ies) from which reshored:Canada
City reshored to:Berlin
State(s) reshored to:NH
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredBitcoin Mining Rovers
What domestic positive factors made reshoring more attractive?Under-utilized capacity
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