SATO Technologies Reports Profitability And Strengthened Balance Sheet For Fiscal Year 2024

(MENAFN- Newsfile Corp) Toronto, Ontario--(Newsfile Corp. - April 29, 2025) - SATO Technologies Corp. (TSXV: SATO) (OTCQB: CCPUF) (the "Company", or "SATO") a provider of high-density compute infrastructure, today announced its audited financial results for the fiscal year ended December 31, 2024. Despite significant industry shifts, including the Bitcoin Halving event in April, SATO delivered a profitable year and continued to strengthen its balance sheet. Please refer to the Company's Audited Financial Statements and the accompanying Management's Discussion and Analysis for full details and discussion of the results, copies of which have been filed and are available under the Company's profile on SEDAR+ ( ) and are available on the Company's website ( ).

Key Financial Highlights (FY2024 vs. FY2023)

• Net Income increased 51% to $1.17 million , compared to $0.78 million in 2023

• Digital Assets Revenue grew 48% to $16.05 million (2023: $10.84 million)

• Operating Income of $2.25 million (2023: $2.15 million)

• Gross Profit of $3.05 million , reflecting consistent mining performance

• Total Liabilities reduced by 36% to $9.7 million (2023: $15.1 million)

• Shareholders' Equity increased 26% to $8.3 million (2023: $6.6 million)

• Digital Asset Holdings doubled to $4.56 million (2023: $2.24 million)

"We are pleased to report another profitable year, with significant improvements in equity, asset quality, and operational efficiency. These results reflect the strength of our team, our infrastructure, and our long-term vision. We're emerging from a transitional year more focused, more efficient, and better positioned to scale into new compute opportunities," said Romain Nouzareth, Chair and CEO of SATO.

Strategic and Operational Highlights

• Post-Halving Resilience : Maintained profitability following the April 2024 Bitcoin Halving

• Debt Reduction : Repayment of over $3.3 million in long-term borrowings

• Treasury Strength : Digital assets up over 103% , strengthening SATO's Bitcoin reserve position

SATO continues to explore new opportunities in AI compute infrastructure and high-performance GPU hosting in Canada and the rest of the world. The Company remains focused on:

• Reducing operational costs

• Expanding sustainable, sovereign infrastructure

• Enhancing shareholder value through disciplined capital management

SATO Technologies will host a live conference call on Monday May 5th, 2025 at 11:00 AM EST. The call will begin with a live presentation of the operational highlights, our AI/HPC vision including Bitcoin mining, and the financial results for the year 2024, and be followed by a Q&A session. Registration link can be found below, with analysts, media, and investors invited to attend.

Live Conference Call Details :

Date: Monday May 5th, 2025
Time: 11:00 AM Eastern Time
Ask your questions in advance:

Get the link for the Live Event:

A recording of the conference call will be available on our website shortly after the event for those who are unable to attend. We look forward to having you join us for this important update and appreciate your continued support.

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 data center tailored to provide computing 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"). The Company is listed on (TSXV: SATO) & (OTCQB: CCPUF). To learn more about SATO, visit .

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