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SATO Technologies Corp. reported an increase in mining network hashrate by 4.4% in April 2024, following the halving event resulting in a block reward reduction. The company strategically acquired new rigs to enhance operational hashrate by 17 PH/s, aiming to reach 1 EH/s capacity. SATO plans to fund future rig acquisitions using operating cash flow and other financial instruments, with a focus on maximizing shareholder value.
