SATO Technologies Corp V.SATO

Alternate Symbol(s): CCPUF

Financial Services Cryptocurrency

SATO Technologies Corp is engaged in providing computing power. The Company operates one data center tailored to provide computing power for bitcoin mining, but also focuses on expanding or adding additional data centers for computing power for bitcoin mining, high power computing (HPC), artificial intelligence (AI) and layer 2 technologies (L2's). The Company operates Center One, its principal high-capacity computation facility located in Quebec, Canada, which is powered by 20 megawatts (MW) of renewable hydroelectric energy. The facility focuses on bitcoin mining operations, generating roughly 540 PHs of mining hashrate sold to mining pools. The Company and its subsidiaries are in the business of utilizing specialized equipment to solve complex computational problems to validate transactions on the bitcoin blockchain. It has developed DataMan, a software system designed for managing computing equipment with an emphasis on efficiency through effective data and information management.