SATO Technologies Corp. (V:SATO*CA)

Business Focus: Cryptocurrency Mining

Sector:  Technology Industry:  Blockchain & Cryptocurrency
Company Contact
Address: 66 Wellington St. West; Suite 5300
Tel: N/A
IR: See website
Key People
Romain Nouzareth
Chairman of the Board, Chief Executive Officer
Kyle Appleby
Chief Financial Officer
Fanny Philip
Chief Operating 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 fiscal year ended 31 December 2023, SATO Technologies Corp revenues increased 65% to C$17.6M. Net income totaled C$776K vs. loss of C$8M. Revenues reflect Digital assets earned increase from C$2.8M to C$10.8M. Net Income reflects G/L on Sale of Tangible & Intangible FA decrease from C$178K (expense) to C$778K (income), Share based compensation decrease of 51% to C$899K (expense).
Employees: 2 as of Apr 30, 2014
Reporting Currency: Canadian Dollars
Enterprise value: $31.45M as of Dec 31, 2023
Annual revenue (TTM): $17.56M as of Dec 31, 2023
EBITDA (TTM): $3.91M as of Dec 31, 2023
Net annual income (TTM): $0.78M as of Dec 31, 2023
Free cash flow (TTM): -$2.93M as of Dec 31, 2023
Net Debt Last Fiscal Year: $11.05M as of Dec 31, 2023
Shares outstanding: 72,907,680 as of Feb 6, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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