Business
SATO Technologies Corp. Announces November 2023 Bitcoin Mining Operational Update
Toronto, Ontario--(Newsfile Corp. - December 1, 2023) - SATO Technologies Corp. (TSXV: SATO) (OTC...
About this update from Sato Technologies Corp
[{"type":"text","content":"SATO Technologies Corp. Announces November 2023 Bitcoin Mining Operational UpdateToronto, Ontario--(Newsfile Corp. - December 1, 2023) - SATO Technologies Corp. (TSXV: SATO) (OTCQB: CCPUF) (the \"Company\", or \"SATO\"), a digital asset mining organization, announces November 2023 Bitcoin Production and Efficiency, all powered by renewable energy.November Mining Update (unaudited)In November, SATO's operations were halted for a 28 hour period because of extraordinary work that had to be conducted by our electrical provider. As such, if we were to exclude that event, SATO's average operating hashrate for the month would have been 0.538 EH/s which is even better than our month of October. Also, the mining network hashrate increased by 6.75% month over month. Key MetricsNovember 2023October 2023September 2023Total Hashrate capacity installed0.54 EH/s0.54 EH/s 0.54 EH/s Average operating Hashrate0.516 EH/s0.533 EH/s0.524 EH/sTotal BTC Mined on site353636Mining revenue (US$)$1,261,016$1,073,306$954,016Avg. monthly Network Hashrate474 EH/S442 EH/s407 EH/sBTC Sold303336BTC HODL433835*Cash Position (US$)1$1,282,301$1,314,895$1,737,979 Furthermore, SATO is providing historical financial data for analysts and investors to compare us with our peers. This will highlight our strong performance relative to the largest publicly traded mining companies.BTC produced per Eh/sMonthJanFebMarchAprilMayJuneJulyAugSeptOctNovRatio108.790.390.780.291.275.374.774.168.767.566.7 Electrical price per BTC (US$) MonthJanFebMarchAprilMayJuneJulyAugSeptOctkWh cost$6,484$6,997$8,105$9,542$8,662$9,488$10,202$10,100$10,577$10,824All-in electric cost$9,971$11,089$12,207$14,550$13,211$14,455$15,780$15,311$16,632$16,412 On behalf of the board, Romain Nouzareth,SATO CEO and ChairmanAbout SATOSATO, founded in 2017, is a publicly listed company positioned for ongoing success in deploying infrastructures designed to provide efficient compute power tailored for the digital world for Bitcoin Mining, High Power Computing (\"HPC\"), Artificial Intelligence (\"AI\"), and L2's. Listed on (TSXV: SATO) (OTCQB: CCPUF) since 2021, the Company prides itself on outstanding performance, financial stability, and a top-tier team. Around 65% of securities (on a fully diluted basis) own by Officers, Directors, Insiders and Shareholders above 7% with long term vision. To le...