Bitcoin Miner CCU Honors Satoshi Nakamoto, Changes Name to SATO Technologies

SATO Technologies Corp. has rolled out its new brand and website to better express its commitment to responsible Bitcoin mining.

SATO’s new image will be closer aligned with its mission to lead with full transparency and to cultivate community through the development of blockchain applications, particularly on the Bitcoin blockchain and the Lightning Network.

Romain Nouzareth, co-founder, chairman and CEO of SATO, said:

“This rebrand emulates the company’s growth with a more distinctive and approachable look while paying homage to Satoshi Nakamoto. A strong company is always evolving – therefore SATO’s team is continually developing its responsible and highly effective Bitcoin mining business while innovating on the Bitcoin blockchain and the Lightning Network, which gives us a competitive advantage.”

As approved at the Company’s annual and special meeting on May 31, 2022, the Company has filed articles of amendment to effect the change of its name to SATO Technologies Corp. The Company expects the shares to commence trading under the new name on the TSX Venture Exchange on or around June 16, 2022.

The Company’s symbol will remain ‘SATO.’ A new CUSIP number has been issued, and shareholders are not required to take any action with respect to the name change.

SATO’s focus is to expand its responsible Bitcoin Mining operations globally. The Company is also in the process of launching new projects built on the Bitcoin blockchain and the Lightning Network. Project X at SATO is a group of users innovating and building the future with Bitcoin at its core. Participants will be able to privately test new products prior to public launch.

SATO operates a state-of-the-art, carbon-neutral Bitcoin mining center with a contract of 20 MW of stable, renewable energy from Joliette, Québec. The Company’s high-density calculation centers are built for high-grade cryptocurrency mining, AI data processing and fintech infrastructure.

Founded in 2017, SATO is led by technology entrepreneurs, electricity and ventilation experts, network specialists and Canadian industrialists. Since its inception, the Company has pursued a vision of environmental stewardship throughout the mining process. The excess supply of renewable energy in the province of Québec has made this endeavor feasible and a great base for growth.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.