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 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.
Financial Overview
For the nine months ended 30 September 2024, SATO Technologies Corp revenues increased 5% to C$12.8M. Net income totaled C$1.3M vs. loss of C$175K. Revenues reflect cryptocurrency mining segment increase of 55% to C$12.8M. Net Income reflects cryptocurrency mining segment income totaling C$2.2M vs. loss of C$391K. Basic Earnings per Share excluding Extraordinary Items totaled to C$0.02.
Employees: 2 as of Apr 30, 2014
Reporting Currency: Canadian Dollars
Enterprise value: $23.46M as of Sep 30, 2024
Annual revenue (TTM): $18.17M as of Sep 30, 2024
EBITDA (TTM): $6.22M as of Sep 30, 2024
Net annual income (TTM): $2.22M as of Sep 30, 2024
Free cash flow (TTM): $1.74M as of Sep 30, 2024
Net Debt Last Fiscal Year: $7.09M as of Sep 30, 2024
Shares outstanding: 73,277,683 as of Sep 30, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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