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SATO Technologies Corp (CCPUF) is a Bitcoin computing organization founded in 2017, providing efficient computing power. The company operates a data center for Bitcoin Mining and plans to expand to additional centers for High Power Computing, Artificial Intelligence, and L2's. In April 2024, SATO strategically enhanced its operations with new rig acquisitions, aiming to reach a 1 EH/s capacity. The company's CEO, Romain Nouzareth, highlighted the importance of increasing mining efficiency and maximizing shareholder value. Despite facing challenges like a fire incident in June 2024 that affected a portion of its equipment, SATO remains committed to operational excellence and reliability.
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SATO Technologies Corp. appoints Randal S. Milch as an independent director to its Board of Directors. Total number of board members increased to six. Milch's experience in leadership roles at Verizon and the NYU Center for Cybersecurity will guide SATO's strategic approach to the US financial markets. Stock options granted to purchase 30,000 common shares at CAD$0.38 per share for 5 years.
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SATO Technologies Corp. announces August 2023 Bitcoin Production and Efficiency, with a 2.1% increase in mining hashrate. Mining revenue for August was $1,078,161. SATO highlights top-tier ranking among mining companies. SATO plans to attend various conferences in the second half of 2023.
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SATO Technologies Corp. confirms participation in H&C Wainwright's Global Investment Conference and upcoming events. CEO Romain Nouzareth to host one-on-one meetings in NYC. Opportunity to learn about SATO's strategies and growth plans for Bitcoin, HPC/AI.
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SATO Technologies Corp. announces financial results for Q2-2023, with total revenue of $4,212,596, representing 108% growth compared to Q2-2022. Net income for the 6-month period ended June 30, 2023, was $600,606. Cash position as of June 30, 2023, was $326,204 with $1,214,185 worth of Digital Assets. Efficiency ratio of 77.86 BTC per EH/s quarterly average. Operating Cash Flow positive for Q2-2023 with $345,270 provided by operating activities.
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SATO Technologies Corp. (TSXV: SATO) (OTCQB: CCPUF) announces July 2023 Bitcoin Production and Efficiency, highlighting challenges faced due to extreme weather and storms, resulting in a 1.33% reduction in BTC produced per EH/s compared to the previous month. The company also provides an update regarding achieving 100% self-mining at Center One in Quebec, powered by renewable energy. Key metrics and highlights of the transition to 100% self-mining through miner acquisitions are outlined. SATO also plans to attend several upcoming conferences in the second half of 2023.
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SATO Technologies Corp. announces the refinancing of its existing loan through its subsidiary, Canada Computational Unlimited Inc., with Sygnum Bank AG. The agreement provides CHF 6,790,000 at a 9.5% interest rate per annum, repayable over a 3-year term. The financing will be used to purchase computing power for Bitcoin mining, AI, HPC, and other corporate purposes.
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SATO Technologies Corp. announces June 2023 Bitcoin production and efficiency.
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SATO Technologies Corp. announces May 2023 Bitcoin production and efficiency and provides details about AI plans.
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SATO Technologies Corp. announces Q1-2023 financial results, including a 129% growth in total revenue compared to Q1-2022. Net income of $511,740 compared to a net loss of $(2,106,661) in Q1-2022. The company also added 28 PH/s of mining equipment and has 8 MW of power equipment ready for future expansion.
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FAQ
What is the current stock price of SATO TECHNOLOGIES (CCPUF)?
The current stock price of SATO TECHNOLOGIES (CCPUF) is $0.1392 as of January 8, 2025.
What is the market cap of SATO TECHNOLOGIES (CCPUF)?
The market cap of SATO TECHNOLOGIES (CCPUF) is approximately 11.4M.
When was SATO Technologies Corp founded?
SATO Technologies Corp was founded in 2017.
What does SATO Technologies Corp specialize in?
SATO Technologies Corp specializes in providing efficient computing power, primarily for Bitcoin Mining.
What expansion plans does SATO have?
SATO may expand to additional data centers for High Power Computing, Artificial Intelligence, and L2's.
Who is the CEO of SATO Technologies Corp?
Romain Nouzareth is the CEO and Chairman of SATO Technologies Corp.
What challenges did SATO face in June 2024?
SATO faced a fire incident in June 2024 that affected a portion of its equipment, leading to service disruptions.
How does SATO plan to maximize shareholder value?
SATO plans to increase mining efficiency and optimize operations to maximize shareholder value.
Where can I find more information about SATO Technologies Corp?
For additional information, visit the SATO website at www.bysato.com.
What is SATO's stock symbol?
SATO Technologies Corp is listed under the stock symbol CCPUF.
What sets SATO apart in the Bitcoin computing industry?
SATO focuses on strategic rig acquisitions, operational efficiency, and seizing market opportunities to stay competitive.
How does SATO prioritize safety and reliability?
SATO puts the safety and well-being of its employees first and implements contingency plans to mitigate disruptions.
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