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SATO Technologies Corp V.SATO

Alternate Symbol(s):  CCPUF

SATO Technologies Corp is a Canada-based company, which is primarily engaged in the cryptocurrency mining industry. The Company is engaged in deploying computing power for bitcoin mining, high power computing (HPC), and artificial intelligence (AI), through data centers designed for efficiencies in fintech industries. 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 and others. 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. The Company is also in the process of launching new projects built on the Bitcoin Blockchain and the Lightning Network.


TSXV:SATO - Post by User

Post by GMonon Sep 19, 2021 1:21pm
336 Views
Post# 33884620

QT Completed: Capricorn is now Canada Computational-Bitcoin

QT Completed: Capricorn is now Canada Computational-BitcoinThe wait was well worth it. Five bagger and maybe more!!

Canada Computational Unlimited Corp (C-SATO) - News Release

 

Canada Computational begins trading on TSX-V

2021-09-16 09:44 ET - News Release
Shares issued 63,705,419

Mr. Romain Nouzareth reports

BITCOIN MINER CANADA COMPUTATIONAL UNLIMITED CORP. COMMENCES TRADING AS "SATO"

Canada Computational Unlimited Corp. (CCU.ai) has been approved for trading on the TSX Venture Exchange at the opening of the market day as of Sept. 16, 2021, under the stock symbol SATO.

Key highlights

  • Fully operational, high-grade, 100-per-cent-renewable energy crypto mining facility in place;
  • Successfully mining bitcoins since 2017 and ethereum since 2021;
  • A 150-petahash equivalent of mining power with around 7.5 megawatts of energy running now;
  • 12.5 megawatts of energy remaining to be built in Joliette centre for reaching a possible equivalent of 600 PHs of mining power, with intention for more centers to come for future growth;
  • Utilizing renewable energy to support high-grade crypto-mining, artificial intelligence data processing and fintech infrastructure;
  • Team to increase and advance the company's large-scale mining fleet software;
  • All coins are newly minted and traceable. Three years of audited accounts with Raymond Chabot Grant Thornton/Catallaxy;
  • Established by Mathieu and Romain Nouzareth, two French serial entrepreneurs with recent backing of True Global Ventures, one of the fastest-growing blockchain equity funds, which just closed a $100-million raise.

Romain Nouzareth, chief executive officer and chairman of the company, commented: "We are excited to bring this opportunity to market. Renewable Energy is the driving force of the future and sustainable infrastructure that will support computing power is critical to this green energy transition. CCU.ai presents investors with an opportunity to participate in a resource efficient investment and the crypto market respectively. We are also delighted to have obtained the SATO ticker as an homage to Satoshi Nakamoto and the Bitcoin White Paper published in 2008."

About Canada Computational Unlimited Corp.

Canada Computational Unlimited operates a state-of-the-art, carbon-neutral bitcoin mining centre with a contract of 20 megawatts of stable, eco-friendly energy. The company's high-density calculation centres are built for high-grade cryptocurrency mining, artificial intelligence data processing and fintech infrastructure.

Founded in 2017, Canada Computational Unlimited is led by technology entrepreneurs, electricity and ventilation experts, network specialists, and Canadian industrialists. Since its inception, the company has pursued a vision of environmental stewardship throughout the mining process. The excess supply of renewable energy in the province of Quebec has made this endeavour feasible and a great base for growth.

We seek Safe Harbor.

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