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 |
| 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: | $35.10M 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 | |
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Insidertracking.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Insider information is based on filings made either on EDGAR®
or on the System for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission. Copyright © 2024 INK Research Corp. All rights reserved.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.