Also, extends invite to stakeholders to participate in SATO's first Livestream and Bitcoin Giveaway
Toronto, Ontario--(Newsfile Corp. - October 15, 2021) - Canada Computational Unlimited Corp. (TSXV: SATO) (the "Company") is pleased to announce that it has purchased electrical equipment for 10 MW for its Center One Facility in Joliette (Quebec) and an additional 8 MW for future expansions through its wholly owned subsidiary Canada Computational Unlimited Inc. ("CCU.ai"). The delivery for the equipment is expected before the end of this year.
Update On Mining Power
The Company is currently hashing at a rate of 160PHs with plans to expand to a hashrate of 600PHs by the end of 2022.
Live Webcast
SATO would also like to invite our stakeholders and interested parties to join our Live Webcast event on October 27, 2021 10AM PST/ 1PM EST. The Company will hold discussions on current and future operations as well as a foreword by Fred T. Pye (3iQ).
For full details and registration please follow the link:
https://www.ccu.ai/LiveStream
About CCU.ai
CCU.ai operates a state-of-the-art, carbon-neutral bitcoin mining center with a contract of 20 MW of stable, eco-friendly energy. The company's high-density calculation centers are built for high-grade cryptocurrency mining, AI data processing, and fintech infrastructure.
Founded in 2017, CCU.ai 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 Québec has made this endeavor feasible and a great base for growth.
On Behalf of the Board,
Romain Nouzareth,
Chief Executive Officer, CCU
rnouzareth@ccu.ai
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.
This news release may contain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are "forward-looking statements." Forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward looking statements. Although SATO has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. SATO has no obligation to update any forward-looking statement, even if new information becomes available as a result of future events, new information or for any other reason except as required by law.
For additional information, please contact:
Caroline Klukowski,
Tel: 604.260.5490
investor@ccu.ai
Canada Computational Unlimited Inc. ("CCU.ai")
INVESTORS can read more about CCU high-grade, carbon-free bitcoin mining and ESG vision at: www.ccu.ai/investors
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/99803
