SATO Technologies Corp. Announces January 2025 Bitcoin Computing Operational Update; Company to Participate in the "Digital Assets 2025: To Bitcoin and Beyond," Virtual Conference Presented by Maxim Group

Rhea-AI Summary

SATO Technologies Corp. (TSXV: SATO) (OTCQB: CCPUF) has released its January 2025 Bitcoin computing operational update. The company's average monthly hashrate saw a slight increase of 0.33% compared to December, with Center One experiencing 261 hours of curtailment.

Key operational metrics for January 2025 include:

• Total Installed Hashrate Capacity: 0.56 EH/s
• Average Operating Hashrate: 0.41 EH/s
• Total BTC earned: 19
• Mining Revenue: $750,768
• All-in Electricity Cost per BTC: $61,204

The company's BTC holdings stand at 28 BTC with a value of $2,951,770, and a cash position of $376,220, bringing total holdings to $3,327,990. Additionally, SATO CEO Romain Nouzareth will participate in the "Digital Assets 2025: To Bitcoin and Beyond" Virtual Conference on February 12th, 2025.

Toronto, Ontario--(Newsfile Corp. - February 10, 2025) - SATO Technologies Corp. (TSXV: SATO) (OTCQB: CCPUF) (the "Company", or "SATO"), a Bitcoin computing organization, announces January 2025 Bitcoin Production and Efficiency, powered by renewable energy.

Bitcoin Computing Operational Update (unaudited)

In January the average monthly hashrate increased by 0.33% compared to December. Like last month, we proactively adjusted our mining hashrate to account for the variable temperatures, ensuring optimal Bitcoin production while efficiently managing energy consumption. By leveraging both our proprietary in-house software and advanced external tools, we maintained peak operational efficiency, maximizing the output of our mining operations. In January, Center One experienced a total of 261 hours of curtailment.

Key Metrics - Center One	January 2025	December 2024	November 2024
Total Installed Hashrate Capacity	0.56 EH/s	0.56 EH/s	0.56 EH/s
Average Operating Hashrate	0.41 EH/s	0.47 EH/s	0.48 EH/s
Total BTC earned1	8	9	9
BTC Produced per EH/s (Ratio)	18.53	18.77	19.13
Mining Revenue (US$)	$750,768	$861,094	$795,414
All-in Electricity Cost per BTC5 (US$)	$61,204	$57,779	$56,123
Avg. Monthly Network Hashrate2	781 EH/s	778 EH/s	731 EH/s
BTC Sold	13	10	6
BTC Hodl	28	34	36
BTC Hodl Value (US$)3,4 ''A''	$2,951,770	$3,162,266	$3,442,868
Cash Position (US$)4 ''B''	$376,220	$202,520	$178,030
Total A + B (US$)	$3,327,990	$3,364,786	$3,620,898

 
¹ Represents the total BTC allocated to the Company from the mining pools in which it participates based on the hashrate contributed by the Company during the month. In accordance with the Company's loan obligations to Sygnum Bank AG ("Sygnum"), approximately 18.5% of the BTC allocated to the Company goes directly to a wallet with Sygnum to service the loan.
² Network Hashrate represents the 30 day average, calculated on a daily basis, of the hashrate contributed by all mining activity during the month, available at https://www.blockchain.com/explorer/charts/hash-rate.
³ Represents the number of BTC held multiplied by the closing BTC price on the last day of the month (BTC price as at January 31st 2025: $104,009; December 31st 2024: $92,383; November 30th 2024: $96,385) Source : Google Finance.
⁴ Includes both unrestricted and restricted cash positions converted using the daily exchange rate, as of reporting date, available at https://www.bankofcanada.ca/rates/exchange/.
⁵ All-in Electricity Cost consists of the charge per kWh for electricity consumed (the Electricity Usage Cost) and a charge for the maximum kW reached at any point in time during the billing period, which can vary slightly from period to period depending on external factors such as temperature.
 

SATO CEO, Romain Nouzareth will participate in the "Digital Assets 2025: To Bitcoin and Beyond," Virtual Conference Presented by Maxim Group LLC on Wednesday, February 12th h at 8:30 a.m. EST. Matthew Galinko, Research Analyst at Maxim Group, will sit down with companies in the digital asset ecosystem, including bitcoin miners, equipment providers, and corporate adopters of crypto as a treasury strategy. They will discuss the evolution of the industry and prospects in the new year with regulatory changes expected in the months ahead.

Click here to learn more and reserve your seat: https://m-vest.com/events/digital-assets-02122025

On behalf of the board,
Romain Nouzareth,
SATO CEO and Chairman

About Maxim Group LLC
Maxim Group LLC is a full-service investment banking, securities and wealth management firm headquartered in New York. The Firm provides a full array of financial services including investment banking; private wealth management; and global institutional equity, fixed-income and derivatives sales & trading, equity research and prime brokerage services. Maxim Group is a registered broker-dealer with the U.S. Securities and Exchange Commission (SEC) and the Municipal Securities Rulemaking Board (MSRB) and is a member of FINRA SIPC, and NASDAQ. To learn more about Maxim Group, visit maximgrp.com

About SATO

SATO, founded in 2017, is a publicly listed company providing efficient computing power. The Company currently operates one 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 Nouzareth
invest@bysato.com
Phone: +1 (347) 280 3663

NEITHER 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 Information
This news release contains certain forward-looking statements, including statements relating to the future performance of the Company, and other statements that are not historical facts. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/240211

FAQ

What was SATO Technologies (CCPUF) Bitcoin mining revenue in January 2025?

SATO Technologies generated mining revenue of $750,768 in January 2025, which was lower compared to December 2024's revenue of $861,094.

How many Bitcoin did SATO Technologies (CCPUF) mine in January 2025?

SATO Technologies mined 19 Bitcoin in January 2025.

What is SATO Technologies' (CCPUF) current Bitcoin holdings value as of January 2025?

As of January 2025, SATO Technologies holds 28 BTC valued at $2,951,770, with a total position including cash of $3,327,990.

How did SATO's (CCPUF) hashrate perform in January 2025 compared to December 2024?

SATO's average monthly hashrate increased by 0.33% in January 2025 compared to December 2024, with an average operating hashrate of 0.41 EH/s.

What was the electricity cost per Bitcoin for SATO (CCPUF) in January 2025?

The all-in electricity cost per Bitcoin for SATO in January 2025 was $61,204, an increase from December 2024's cost of $57,779.

How many hours of curtailment did SATO's (CCPUF) Center One experience in January 2025?

SATO's Center One facility experienced a total of 261 hours of curtailment in January 2025.