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SATO Technologies Corp. Announces August 2023 Bitcoin Mining Operational Update
Toronto, Ontario--(Newsfile Corp. - September 1, 2023) - SATO Technologies Corp. (TSXV: SATO) (OT...
About this update from Sato Technologies Corp
[{"type":"text","content":"SATO Technologies Corp. Announces August 2023 Bitcoin Mining Operational UpdateToronto, Ontario--(Newsfile Corp. - September 1, 2023) - SATO Technologies Corp. (TSXV: SATO) (OTCQB: CCPUF) (the \"Company\", or \"SATO\"), one of the most performant innovation driven digital asset mining pioneers, announces August 2023 Bitcoin Production and Efficiency, all powered by renewable energy.August Mining Update (unaudited)In August, the mining network hashrate increased by 2.1% month over month. Key MetricsAugust 2023July 2023June 2023Total Hashrate Installed 0.54 EH/s(100% self-mining)0.54 EH/s(100% self-mining)0.54 EH/sAverage operating Hashrate0.526 EH/s0.495 EH/s0.526 EH/sTotal BTC Mined on site393739Mining revenue (US$'000)1,078,1611,099,8031,082,765Avg. monthly Network Hashrate386 EH/s378 EH/s370 EH/sBTC Sold46613BTC HODL364330 Furthermore, SATO is providing historical financial data for analysts and investors to compare us with our peers. This will highlight our top-tier ranking relative to the largest publicly traded mining companies.BTC produced per Eh/sMonthJanFebMarchAprilMayJuneJulyAugRatio108.6890.3090.7480.1991.1775.2574.7474.14 Electrical price per BTC (USD) MonthJanFebMarchAprilMayJuneJulykWh cost$6,484$6,997$8,105$9,542$8,662$9,488$10,202All-in electrical cost$9,971$11,089$12,207$14,550$13,211$14,455$15,780\"In our pursuit of excellence, efficiency remains paramount. As we navigate these pivotal growth phases in our Bitcoin mining operations, our unwavering focus is on maximizing production and minimizing costs. Concurrently, we are diligently looking into expanding our offerings in High Performance Computing (HPC) and Artificial Intelligence (AI)\", says Romain Nouzareth, Chairman & CEO.Upcoming conferencesSATO currently plans to attend the following conferences during the second half of 2023:September 7st: Sygnum annual event, Zurich - SwitzerlandSeptember 11-13th: H&C Wainwright 25th Annual Global Investment Conference, NYC, USASeptember 12th: True Global Ventures 66th Conference. Live EventSeptember 21st: Bitcoin Mining in Quebec by Canadian Blockchain Consortium, Montreal - CanadaOctober 12-13th: BTC Amsterdam - NetherlandOctober 25-26th: Canadian Blockchain Summit, Toronto - CanadaOctober 30-31st: AIM Summit, Dubai - UAEOn behalf of the board, Romain Nouzareth,SATO CEO and ChairmanAbout SATO SATO,...