SATO, founded in 2017, is a publicly listed company providing efficient computing power. The Company currently operates one center tailored to provide computing power for Bitcoin Mining, but may look to expand or add additional centers for High Power Computing (“HPC”), Artificial Intelligence (“AI”), and L2’s. The Company is listed on TSX.V:SATO & OTCQB:CCPU.F. To learn more about SATO, visit www.bysato.com.
External link for SATO Technologies
66 Wellington Street West
Suite 5300
Toronto, Ontario M5K 1E6, CA
SATO Technologies reposted this
Halving has passed, welcome to a new Bitcoin epoch and oh, surprise... fees are on fire 🔥 In 2022, Bitcoin miners earned a total of 5,000 BTC in fees. This figure dramatically increased to 20,000 BTC in 2023. What are your predictions for 2024? For Bitcoin miners like SATO Technologies, increase of fees is pure profit, same mining equipment, same electricity cost, more revenues!
HODL UP 🙌 In March, we successfully grew our #Bitcoin holdings to 62 Bitcoin, up from 52 in February, and also bolstered our cash reserves. Ready for the Halving! https://lnkd.in/ezEHHnqk
We are thrilled to announce Andrew Bond, Managing Director Rosenblatt Securities, is joining SATO Board of Directors. Andrew's expertise and vision in capital markets, with a focus on Digital Assets, particularly in #Bitcoin, will be invaluable to our growth. We also bid farewell to Fred Pye, whose contributions have ben instrumental since our listing on the public market TMX Group in 2021. Wishing Fred all the best in his next chapter after 3iQ Corp. https://lnkd.in/dBuN8an3
Under the radar, but not for much longer
Don't miss our live event: SATO Technologies will host a live conference call to present the operational highlights and the audited financial results for the year ended December 31, 2023, followed by a Q&A session. The event is scheduled for 9:00 AM EDT on Tuesday the 12th of March 2024. Details of the conference call are as follows: Date: Tuesday, March 12th, 2024 Time: 09.00 AM Eastern Time Dial-in number: +1 646 558 8656 Ask your questions in advance: https://lnkd.in/eeukMdCp Meeting ID: 836 8199 3335 Registration link: https://lnkd.in/eyyemPrq A recording of the conference call will be available on our website shortly after the event for those who are unable to attend. We look forward to having you join us for this important update and appreciate your continued support.
Our monthly Bitcoin production report is out, check the full report from our website: https://lnkd.in/ghkagAwm
SATO Technologies Corp. Reports Record 2023 Audited Financial Results for #Bitcoin mining. Financial - Highlights ● Revenue of C$17,560,656*, up 65% vs. 2022 ● Positive Operating Cash Flows of C$1,809,444 ● EBITDA* of C$4,296,850 compared to negative EBITDA of C$(5,667,279) in 2022 ● Net profit of C$776,496 compared to a net loss of C$(8,175,033) for 2022 ● Cash position and Digital Asset* as at December 31, 2023 of C$4,441,631 2023 Operational - Highlights ● Efficiency ratio (BTC produced per Exahash), average: 77.11 BTC per EH/s ● 260 Bitcoins earned ● Average electricity cost per Bitcoin: US$15,168 ● 6 MW of power equipment ready for deployment to support future expansion *See our full financial statements and MD&A on our website for further information: https://lnkd.in/gXh9PNjT
We've made the list. Thank you TMX Group for acknowledging our company's excellence.
Proud of our team at SATO Technologies for reaching the TSX Venture Top 50 2024 List. The TSX Venture 50 ranking is based on three key criteria: market capitalization growth, share price appreciation, and trading volume. SATO's inclusion in this list reflects the company's strong performance and the high level of investor interest in its shares over the past year. Now to the upcoming year and next! https://lnkd.in/es4ZtN_Q TMX Group
SATO Technologies Corp. Announces January 2024 Bitcoin Computing Operational Update and some Full Year 2023 unaudited highlights. https://lnkd.in/edzuAxP9
Discover more about SATO's leading position amongst the biggest publicly listed Bitcoin miners in the December 2023 Bitcoin Miner monthly update, by Anthony Power for Compass Mining. https://lnkd.in/ec76nKNa