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SATO Technologies Corp. Announces February 2024 Bitcoin Computing Operational Update
Toronto, Ontario--(Newsfile Corp. - March 6, 2024) - SATO Technologies Corp. (TSXV: SATO) (O...
About this update from Sato Technologies Corp
[{"type":"text","content":"SATO Technologies Corp. Announces February 2024 Bitcoin Computing Operational UpdateToronto, Ontario--(Newsfile Corp. - March 6, 2024) - SATO Technologies Corp. (TSXV: SATO) (OTCQB: CCPUF) (the \"Company\", or \"SATO\"), a Bitcoin computing organization, announces February 2024 Bitcoin Production and Efficiency, powered by renewable energy.February Bitcoin Computing Operational Update (unaudited)In February, the mining network hashrate2 increased by 8.8% month over month. As part of our load shedding agreement with Hydro Joliette, we sustained 10.65 hours of load shedding which represents around 1.53% of our monthly operating hours.Key MetricsFebruary 2024January 2024December 2023Total Hashrate capacity installed at the end of the period0.54 EH/s0.54 EH/s0.54 EH/sAverage operating Hashrate0.52 EH/s0.51 EH/s0.53 EH/sTotal BTC earned 1263138Mining revenue (US$)$1,280,174$1,345,475$1,619,186Avg. monthly Network Hashrate 2569 EH/s523 EH/s505 EH/sBTC Sold232241BTC Hodl524940BTC Hodl Value (US$) 3 ''A''$3,181,308$2,054,852$1,694,602Cash Position (US$) 4 ''B''$1,186,895$1,239,822$1,661,022Total A + B (US$)$4,368,203$3,294,674$3,355,624 BTC produced per EH/sMonthFebMarchAprilMayJuneJulyAugSeptOctNovDecJanFebRatio90.390.780.291.275.374.774.168.767.566.771.860.449.3 All-in Electricity Cost5 per BTC (US$) MonthFebMarchAprilMayJuneJulyAugSeptOctNovDecJankWh cost$11,089$12,207$14,550$13,211$14,455$15,780$15,311$16,632$16,412$15,924$15,30818,486 On behalf of the board,Romain Nouzareth,SATO CEO and ChairmanAbout SATOSATO, founded in 2017, is a publicly listed company providing efficient computing power. The Company currently operates a data center tailored to produce compute power for Bitcoin Mining, but may look to expand or add additional data centers for computing power for Bitcoin Mining, High Power Computing (\"HPC\"), Artificial Intelligence (\"AI\"), and L2's. The Company is listed on (TSXV: SATO) and (OTCQB: CCPUF). To learn more about SATO, visit www.bysato.com.For additional information, please contact: Romain [email protected]: +1 (450) 756-3636NEITHER 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 Info...