SATO Technologies Corp. (V:SATO*CA)

Business Focus: Cryptocurrency Mining

Sector:  Technology Industry:  Blockchain & Cryptocurrency
 
Company Contact
Address: 66 Wellington St. West; Suite 5300
TORONTO ON M5K 1E6
Tel: N/A
Website: https://www.bysato.com
IR: See website
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Key People
Romain Nouzareth
Chairman of the Board, Chief Executive Officer
Kyle Appleby
Chief Financial Officer
Alasdair Federico
Corporate Secretary
Business Overview
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.
Financial Overview
For the six months ended 30 June 2024, SATO Technologies Corp revenues increased 25% to C$10.2M. Net income increased from C$601K to C$3M. Revenues reflect cryptocurrency mining segment increase from C$4.2M to C$10.2M. Net income benefited from cryptocurrency mining segment income increase from C$285K to C$3.3M. Basic Earnings per Share excluding Extraordinary Items increased from C$0.01 to C$0.04.
Employees: 2 as of Apr 30, 2014
Reporting Currency: Canadian Dollars
Enterprise value: $27.13M as of Jun 30, 2024
Annual revenue (TTM): $19.63M as of Jun 30, 2024
EBITDA (TTM): $6.68M as of Jun 30, 2024
Net annual income (TTM): $3.16M as of Jun 30, 2024
Free cash flow (TTM): -$3.11M as of Jun 30, 2024
Net Debt Last Fiscal Year: $5.51M as of Jun 30, 2024
Shares outstanding: 73,277,680 as of Aug 16, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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