SATO Technologies Corp. (V:SATO*CA)

Business Focus: Cryptocurrency Mining

Sector:  Technology Industry:  Blockchain & Cryptocurrency
Company Contact
Address: c/o Fogler, Rubinoff LLP
Tel: N/A
Website: N/A
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 nine months ended 30 September 2023, SATO Technologies Corp revenues increased 87% to C$12.2M. Net loss decreased 97% to C$175K. Revenues reflect cryptocurrency mining segment increase from C$2M to C$8.3M. Lower net loss reflects cryptocurrency mining segment loss decrease of 86% to C$391K.
Employees: 2 as of Apr 30, 2014
Reporting Currency: Canadian Dollars
Enterprise value: $48.12M as of Sep 30, 2023
Annual revenue (TTM): $16.29M as of Sep 30, 2023
EBITDA (TTM): $1.87M as of Sep 30, 2023
Net annual income (TTM): -$1.77M as of Sep 30, 2023
Free cash flow (TTM): -$3.70M as of Sep 30, 2023
Net Debt Last Fiscal Year: $11.39M as of Sep 30, 2023
Shares outstanding: 72,585,465 as of Sep 30, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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