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SATO Technologies Corp. Achieves Its Goal Faster than Planned with Center One Reaching Full Capacity: 20MW of Renewable Energy Running, with Mining Power Nearing 0.6 EHs
Toronto, Ontario--(Newsfile Corp. - September 13, 2022) - SATO Technologies Corp. (TSXV: SATO)...
About this update from Sato Technologies Corp
[{"type":"text","content":"SATO Technologies Corp. Achieves Its Goal Faster than Planned with Center One Reaching Full Capacity: 20MW of Renewable Energy Running, with Mining Power Nearing 0.6 EHsToronto, Ontario--(Newsfile Corp. - September 13, 2022) - SATO Technologies Corp. (TSXV: SATO) (OTCQB: CCPUF) (the \"Company\", or \"SATO\", formerly known as Canada Computational Unlimited Corp.) is pleased to announce that Center One is reaching full capacity of 20 MW. More importantly, mining power is increasing with the addition of new generation Bitcoin miners nearing 0.6 EHs in total mining power in the facility. Key Highlights of Center One Total of around 5,400 Bitcoin miners running Near 0.6 EHs of mining power 25,000 sq ft, with potential for increase; 10-year term for the lease, renewable; 20,000 kW; 100% renewable energy.\"Bear markets are made to 'BUIDL',\" says Romain Nouzareth, CEO of SATO, as he also adds that, \"reaching our goal ahead of time not only to connect our energy but also to increase our mining power is further proof that our team is capable of executing at scale and on time. I can't wait to show the world what we have coming next.\" On behalf of the board, Romain Nouzareth,SATO CEO and ChairmanAbout SATOSATO operates a state-of-the-art, carbon-neutral bitcoin mining center with a contract of 20 MW of stable, eco-friendly energy. The company's high-density calculation centers are built for high-grade cryptocurrency mining, AI data processing, and fintech infrastructure.Founded at block 494673 in 2017, SATO is led by technology entrepreneurs, finance, electricity and ventilation experts, network specialists, mathematicians, and Canadian industrialists. Since its inception, the company has pursued a vision of environmental stewardship throughout the mining process. The excess supply of renewable energy in the province of Québec has made this endeavor feasible and a great base for growth.For additional information, please contact: Romain Nouzareth [email protected] NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.Cautionary Statement Regarding Forward-Looking InformationThis news release contains certain forward-looking statements, including statements relating to the future pe...