Public Bitcoin Miner SATO Technologies Corp. releasing the April 2023 Bitcoin Mining Operational Update

by James · May 2, 2023

Toronto, Ontario–(Newsfile Corp. – May 02, 2023) – SATO Technologies Corp . (TSXV: SATO) (OTCQB: CCPUF) (the “Company”, or “SATO”) is pleased to announce the April 2023 Bitcoin Production and Efficiency.

Operational highlights (unaudited):

20 MW fully operational, high-value, ≈100% renewable energy-based computing power plant generating consistent revenue
0.54 EH/s mining power in operation in the facility

Highlights in April 2023 (unaudited):

42.29 Bitcoin mined in April 2023 (monthly average, aggregate of self-mining and hosting)
5,602 Average operation of rigs throughout the month
Weighted average Bitcoin mined per 1 EH/S: 79.19 BTC (compared to 90.27 BTC on average for Q1 2023)
Bitcoin mined on site per day: 1.41 BTC (Daily average, aggregate of self-recovery and hosting)
Round 65% of securities (on a fully diluted basis) held by officers, directors, insiders and shareholders over 7% with a long-term vision

About SATO
SATO, founded on Bitcoin block 494673 in 2017, is a vertically integrated innovator in computing power, specializing in low-cost Bitcoin mining by efficiently operating a 20 MW data center that generates nearly 0.6 EHs of mining power. Listed on (TSXV: SATO) (OTCQB: CCPUF) since 2021, the company prides itself on outstanding performance, financial stability and a top team. To learn more about SATO’s distinct vision, ambitious goals and meet the team, visit www.bysato.com.

For further information, please contact:
Investor Relations: [email protected]

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATORY SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE TSX VENTURE EXCHANGE POLICY) ASSUMES RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Warning regarding forward-looking information

This press release contains certain forward-looking statements, including statements relating to the company’s future performance, and other statements that are not historical facts. Where possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, ” predict” or “potential” or negative or other variations of these words, or similar words or expressions, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information available to management as of the date hereof.

Forward-looking statements involve considerable risk, uncertainty and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on forward-looking statements. Although the forward-looking statements in this press release are based on what management believes are reasonable assumptions, the company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and the Company undertakes no obligation to update or revise them to reflect new events or circumstances, except as required by law.