SATO Technologies Corp. reports recurring developments in high-density compute infrastructure, Bitcoin mining operations and its transition toward AI digital infrastructure. The company operates a hydro-powered data center footprint in Québec, including Center One, and has established Qritical.AI Inc. as a wholly owned platform for AI infrastructure initiatives using GPU-as-a-Service and Infrastructure-as-a-Service models.
Company updates commonly cover audited and interim results, Bitcoin production, digital asset market conditions, network difficulty, post-halving operating pressures, cost controls, fleet optimization, liquidity planning and capital financings. Governance news also includes shareholder meeting results, auditor appointments and board election matters for the TSXV- and OTCQB-traded issuer.
SATO Technologies Corp. (CCPUF/TSXV: SATO) has completed a previously announced debt settlement by issuing 250,000 units at a deemed price of C$0.10 per unit to extinguish C$25,000 of indebtedness under a consulting agreement.
Each unit comprises one common share and one-half common share purchase warrant, with each whole warrant exercisable at C$0.20 per share for two years, subject to acceleration under its terms. The creditor is an arm's length party, and the issuance does not create a new insider or control person as defined by TSXV policies. The settlement remains subject to final TSXV approval, and all securities issued are subject to a four-month-and-one-day statutory hold period from issuance under applicable securities laws. All figures are in Canadian dollars.
SATO Technologies (TSXV: SATO, OTCQB: CCPUF) reported Q2 2026 revenue of $1,135,976, down 62% from Q2 2025, with 11 BTC mined versus 22 BTC and a gross loss of $(490,713). Net loss was $(922,517) and Adjusted EBITDA was $(597,157). Compute Power Loss was $(127,438).
For the six months ended June 30, 2026, revenue was $2,487,521 (down 58%), with a gross loss of $(1,056,159) and net loss of $(2,189,828). At quarter-end, SATO held cash of $275,315, digital assets of $608,633 and had a working capital deficiency of $(2,747,398), with financial statements disclosing material going concern uncertainty.
On August 24, 2026, SATO settled its senior secured loan with Sygnum Bank by transferring approximately 6.69 BTC and paying CHF150,000 (about CAD$258,000), eliminating all senior secured indebtedness and related collateral arrangements. SATO expects to recognize an approximate $2,020,000 gain on settlement in Q3 2026.
The company is advancing an AI and HPC transition at its 20 MW hydro-powered Center One in Joliette, Québec, and signed a non-binding LOI with the Gelephu Mindfulness City Authority in Bhutan for a phased, renewable-energy-powered AI data-centre campus, initially contemplating 5 MW with reservations up to 100 MW and a potential pathway to 500 MW. A non-brokered private placement of up to 15,000,000 units at $0.10 per unit for gross proceeds of up to $1,500,000 and a $25,000 debt settlement via equity issuance remain subject to TSXV and other approvals.
SATO Technologies (OTCQB: CCPUF, TSXV: SATO) signed a June 20, 2026 LOI with Bhutan’s Gelephu Mindfulness City Authority to develop a hydro-powered sovereign AI compute campus. The Project targets 100 MW of firm power, scalable to an estimated 500 MW, starting with an initial 5 MW phase.
The LOI outlines negotiation of definitive agreements over 12 months, covering power, site development, structure, early works, financing and commercial offtake. Completion remains subject to financing, approvals, due diligence and execution of definitive agreements, with no assurance the transaction will proceed.
SATO Technologies (OTCQB: CCPUF, TSXV: SATO) reported voting results from its 2026 annual general and special meeting. 48.75% of common shares were represented. Shareholders elected five directors, re-appointed Davidson & Company LLP as auditor, and approved all resolutions presented.
Approvals included a potential share consolidation in a 1-for-5 to 1-for-25 range, re-approval of the Omnibus Equity Incentive Plan, and repricing and term extension of certain stock options, subject to TSXV acceptance where applicable.
SATO Technologies (OTCQB: CCPUF) reported Q1 2026 revenue of $1.35 million, down 54% from Q1 2025, and a net loss of $1.27 million. The company posted a gross loss and negative adjusted EBITDA, but cut operating and G&A costs and strengthened cash to $973,871.
SATO completed a $1.38 million private placement, including 15% convertible debentures, advanced its AI Factory 1 transition, and secured a new forbearance agreement with Sygnum Bank through September 30, 2026, requiring staged US$1.0 million debt reduction.
SATO Technologies (OTCQB:CCPUF, TSXV:SATO) will hold its annual general and special meeting on June 22, 2026 in New York, with a record date of May 13, 2026.
Shareholders will vote on director elections, auditor re-appointment, a 5-for-1 to 25-for-1 share consolidation, an omnibus equity incentive plan, and repricing and term extension of 5,845,507 stock options to an exercise price of $0.121 and expiries 10 years from original grant dates, subject to disinterested shareholder approval and TSXV acceptance.
SATO Technologies (OTCQB: CCPUF) reported audited results for year ended December 31, 2025, with revenue of $11.66M (down 28% vs 2024) and a net loss of $4.37M. The company operates a 20 MW hydro-powered facility at Center One and is pivoting to AI compute infrastructure.
Key actions: temporary mining down-clock (40–50%), cost reductions, a forbearance arrangement with lender, and a subsequent private placement raising approximately $1.375M.
SATO Technologies (OTCQB: CCPUF) upsized a non‑brokered private placement to C$1.4 million and closed the first tranche for $867,381.82 on March 16, 2026. The Offering includes Units at C$0.06375 and convertible Debenture Units; proceeds will be used for working capital and general corporate purposes.
The Debentures bear 15% annual interest, mature March 16, 2029, and convert at C$0.085 (year 1) or C$0.10 thereafter; Warrants extend to March 16, 2029 or 2031 depending on security type.
SATO Technologies (OTCQB: CCPUF) announced a strategic review and operational update focused on preserving liquidity, optimizing assets and maintaining flexibility amid volatile digital-asset market conditions.
The Board is exploring strategic outcomes for its flagship Center One facility, monetization of non-core assets, capital market and financing alternatives, and operational measures including a lender forbearance and temporary down-clocking of ~15% of its mining fleet.
SATO Technologies (OTCQB: CCPUF) reported unaudited Q3 2025 results for the three and nine months ended September 30, 2025. Key metrics: revenue $3.34M (+28% YoY), 21 BTC mined (down 32% YoY), gross profit $381,566 vs. a gross loss in Q3 2024, net loss $(284,424) (improved), Compute Power Profit $921,602, Adjusted EBITDA $333,505, digital assets $1.46M (9 BTC), and cash $640,621. Operational uptime at Center One was >99% during the quarter. Management implemented liquidity measures including a lender-supported three-month payment deferral, executive pay deferrals, selective contractor reductions, potential equipment sales, and a ~40% temporary down-clocking of the mining fleet while evaluating financing and AI conversion options (initial ~200 GPU rollout scalable to 2,000+). A results presentation will be available December 2, 2025.