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 |
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 |