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SATO Technologies Corp (CCPUF) delivers energy-efficient computing solutions through its Bitcoin mining operations and renewable-powered data centers. This dedicated news hub provides stakeholders with essential updates on financial performance, technological innovations, and strategic growth initiatives.
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SATO Technologies Corp. reports an 8.8% increase in mining network hashrate in February 2024, with a total hashrate capacity of 0.54 EH/s. The company sustained 10.65 hours of load shedding, representing 1.53% of monthly operating hours. SATO earned 1263 BTC with mining revenue of $1,280,174. The BTC hodl value reached $3,181,308, with a cash position of $1,186,895. SATO's all-in electricity cost per BTC ranged from $11,089 to $18,486 per month.
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SATO Technologies Corp. (TSXV: SATO) (OTCQB: CCPUF) reports strong financial results for the full year ended December 31, 2023, with revenue up 65% to C$17.56 million. The company achieved positive operating cash flows, EBITDA of C$4.29 million, and a net profit of C$776,496. SATO's cash position and digital assets as of December 31, 2023, stood at C$4.44 million. Operational highlights include an efficiency ratio of 77.11 BTC per EH/s, 260 Bitcoins earned on average, and 6 MW of power equipment ready for future expansion. CEO Romain Nouzareth praised the company's operational excellence and cost control, positioning SATO well for 2024.
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SATO Technologies Corp. (TSXV: SATO) has been included in the TSX Venture 50 due to a 367% increase in stock price in 2023. The company's strong performance is attributed to market capitalization growth, share price appreciation, and trading volume. SATO's focus on efficient computing power and Bitcoin infrastructure has positioned it well for future success.
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SATO Technologies Corp. has engaged Power Mining Analysis Ltd. to execute a digital media marketing campaign to increase brand familiarity and recognition. The campaign will run for three months at a cost of USD$3,500 per month, with no compensation securities involved. Power has no present interest in the Company or its securities, but may acquire securities in the future.
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SATO Technologies Corp. announces January 2024 Bitcoin Production and Efficiency, with a 3.56% increase in the mining network hashrate. The company sustained 33 hours of load shedding, representing around 4.44% of its monthly operating hours. The Total Hashrate capacity installed at the end of January 2024 was 0.54 EH/s, with an average operating Hashrate of 0.51 EH/s. The company earned 1313826095 BTC and generated a mining revenue of $1,345,475 in January 2024. The total revenue for the same period was $1,345,475. The company's cash position was $1,239,822, and the electricity usage cost per BTC was $6,484 in January.
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SATO Technologies Corp. (TSXV: SATO) (OTCQB: CCPUF) announces December 2023 Bitcoin Production and Efficiency, powered by renewable energy. The mining network hashrate increased by 6.54% month over month. Key metrics show a total hashrate capacity of 0.54 EH/s, with 383536 BTC mined on site and mining revenue of $1,619,186. SATO has a BTC HODL value of $1,704,469 and a cash position of $1,661,022.
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SATO Technologies Corp. (TSXV: SATO) (OTCQB: CCPUF) announces November 2023 Bitcoin Production and Efficiency, all powered by renewable energy. SATO's average operating hashrate for November would have been 0.538 EH/s excluding a 28-hour halt. The mining network hashrate increased by 6.75% month over month. The company's mining revenue for November was $1,261,016. SATO is also providing historical financial data for analysts and investors to compare its performance relative to the largest publicly traded mining companies.
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SATO Technologies Corp. (SATO) (TSXV: SATO) (OTCQB: CCPUF) announces financial results for the three and nine months ended September 30, 2023. Highlights include a 46% revenue growth in Q3-2023, positive EBITDA, and an efficient transition to self-mining.
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SATO Technologies Corp., a digital asset mining organization, announces October 2023 Bitcoin Production and Efficiency. The mining network hashrate increased by 8.60% month over month. Total BTC mined on site was 36,363 with a mining revenue of $1,073,306. BTC sold was 33,364 and BTC HODL was 3,835. Cash position was $1,314,895.
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SATO Technologies Corp. announces promising findings from a study on reusing heat generated from digital asset machines for Bitcoin mining. The recoverable heat energy potential ranges from 68% to 88% for the MicroBT WhatsMiner model and from 66% to 86.33% for the Bitmain Antminer model. This could lead to reduced energy costs and environmental impact in the digital asset sector.
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