Mr. Romain Nouzareth reports

PUBLIC BITCOIN MINER SATO TECHNOLOGIES CORP. RELEASES JUNE 2023 BITCOIN MINING OPERATIONAL UPDATE

Sato Technologies Corp. has released its June, 2023, bitcoin (BTC) production and efficiency.

June, 2023, highlights (unaudited):

• 38.72 bitcoin mined in June, 2023 (monthly average, aggregate of self-mining and hosting), or the equivalent of $1,075,000 (U.S.) in monthly revenues based on June, 2023's, average price of $27,763 per BTC;
• 5,518 average rigs operating throughout the month (self-mining and hosting) for an aggregate average of 0.526 EH/s (exahash per second) running during the month;
• Weighted average bitcoin mined per one EH/s: 75.25 BTC;
• Bitcoin mined on site per day: 1.29 BTC (daily average, aggregate of self-mining and hosting);
• One of the lowest renewable energy costs at approximately 2.88 U.S. cents/kWh (kilowatt-hour) (equivalent to 3.83 Canadian cents). The company also pays monthly demand charge of $13.63 per kilowatt on its contracted reserve. The total energy cost aggregates to 4.3 U.S. cents/kWh.

"Our company continues to lead the way in digital asset mining, showcasing robust operational efficiency and a commitment to innovation, driven by a lean team. As we continue to navigate a dynamic landscape, our focus on growing our bitcoin mining power and adding AI [artificial intelligence] and high-performance computing infrastructure, alongside a mindful approach to energy consumption, underscores our commitment to the future of this pioneering sector," says Romain Nouzareth, chief executive officer of Sato Technologies.

About Sato Technologies Corp.

Sato, Founded at Bitcoin block 494673 in 2017, is a vertically integrated innovator in the field of computing power commodities, specializing in low-cost high-performance computing power made for bitcoin mining, artificial intelligence and high-performance computing by efficiently operating a 20-megawatt data centre that generates nearly 0.6 exahash of mining power. The company prides itself on outstanding performance, financial stability and a top-tier team. Around 65 per cent of the company's securities (on a fully diluted basis) are owned by officers, directors and significant shareholders with a long-term vision.

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