SATO Technologies Corp. Announces July 2024 Bitcoin Computing Operational Update

(MENAFN- Newsfile Corp) Toronto, Ontario--(Newsfile Corp. - August 6, 2024) - SATO Technologies Corp. (TSXV: SATO) (OTCQB: CCPUF) (the "Company", or "SATO"), a Bitcoin computing organization, announces July 2024 Bitcoin Production and Efficiency, powered by renewable energy.

Bitcoin Computing Operational Update (unaudited)

In July, the mining network hashrate2 increased by 5.92% month over month. The average operating hashrate at Center 1 was slightly down in June following an incident at the facility (see press release here ). During the month, we initiated and nearly completed the reconstruction of the section where the incident occurred and began purchasing additional new-generation mining hardware (S12 Pro) for the 11 PHs we are currently operating. We proactively adjusted our mining hashrate to account for the high temperatures, ensuring optimal Bitcoin production while efficiently managing energy consumption. By leveraging both our proprietary in-house software and advanced external tools, we maintained peak operational efficiency, maximizing the output of our mining operations.

Key Metrics	July 2024	June 2024	May 2024
Total Installed Hashrate Capacity	0.56 EH/s	0.56 EH/s	0.56 EH/s
Average Operating Hashrate	0.46 EH/s	0.44 EH/s	0.53 EH/s
Total BTC earned1	11	11	13
BTC Produced per EH/s (Ratio)	24.4	25.1	24.3
Mining Revenue (US$)	$708,636	$727,492	$842,985
All-in Electricity Cost per BTC5 (US$)	$48,623	$47,623	$48,492
Avg. Monthly Network Hashrate2	615 EH/s	580 EH/s	600 EH/s
BTC Sold	21	18	19
BTC Hodl	45	55	62
BTC Hodl Value (US$)3,4 ''A''	$2,910,215	$3,418,539	$4,183,264
Cash Position (US$)4 ''B''	$610,816	$629,119	$650,976
Total A + B (US$)	$3,521,031	$4,047,658	$4,834,240

1Represents the total BTC allocated to the Company from the mining pools in which it participates based on the hashrate contributed by the Company during the month. In accordance with the Company's loan obligations to Sygnum Bank AG ("Sygnum"), approximately 18.5% of the BTC allocated to the Company goes directly to a wallet with Sygnum to service the loan.
2 Network Hashrate represents the 30 day average, calculated on a daily basis, of the hashrate contributed by all mining activity during the month, available at .
3 Represents the number of BTC held multiplied by the closing BTC price on the last day of the month (BTC price as at July 31, 2024: $64,614; June 30th 2024: $62,668; May 31, 2024: $67,472; April 30, 2024: $60,622) Source : Google Finance.
4 Includes both unrestricted and restricted cash positions converted using the daily exchange rate, as of reporting date, available at .
5 All-in Electricity Cost consists of the charge per kWh for electricity consumed (the Electricity Usage Cost) and a charge for the maximum kW reached at any point in time during the billing period, which can vary slightly from period to period depending on external factors such as temperature.

On behalf of the board,
Romain Nouzareth,
SATO CEO and Chairman

About SATO

SATO, founded in 2017, is a publicly listed company providing efficient computing power. The Company currently operates one center tailored to produce compute power for Bitcoin Mining, but may look to expand or add additional data centers for computing power for Bitcoin Mining, High Power Computing ("HPC"), Artificial Intelligence ("AI"), and L2's. The Company is listed on TSX.V:SATO and OTCQB:CCPU.F. To learn more about SATO, visit .

MENAFN06082024004218003983ID1108524316