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

April Bitcoin Computing Operational Update (unaudited)

In April, the mining network hashrate² increased by 4.4% month over month. On April 19th, 2024, the halving event occurred which resulted in the block reward being divided in half.

SATO strategically enhanced its operations by purchasing a mix of Bitmain S19K Pro, T21 and S21 rigs for deployment in Data Center One, effectively boosting its operational hashrate by 17 petahashes (PH/s). Leveraging its proven strategy of seizing market opportunities, especially during previous halving and bear markets, the Company plans to further improve its mining efficiency through timely rig acquisitions. This methodical approach is aimed at reaching Data Center One's efficiency with the potential to host up to 1 exahash per second (EH/s) capacity, contingent on future investments in additional rigs. These acquisitions would be funded through operating cash flow and other financial instruments.

CEO Comments:

"April was a major milestone for SATO, marking our third Bitcoin halving epoch," commented Romain Nouzareth, CEO and Chairman of SATO. "Over the past years, in anticipation of this event, we strategically increased our Bitcoin holdings, which allowed us to opportunistically increase our mining hashrate during the month. Looking ahead, we plan to continue growing our operational hashrate and further optimize efficiency at our existing facility in order to maximize shareholders value".

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 (TSXV: SATO) and (OTCQB: CCPUF). To learn more about SATO, visit .

For additional information, please contact:

Romain Nouzareth
invest@bysato.com
Phone: +1 (450) 756-3636

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.

Cautionary Statement Regarding Forward-Looking Information

This news release contains certain forward-looking statements, including statements relating to the future performance of the Company, and other statements that are not historical facts. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

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¹ Represents 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 April 30, 2024: $ 60,622 ; March 31, 2024: $71,256 ; $61,179 as at February 29, 2024) 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.