Mr. Romain Nouzareth reports

SATO TECHNOLOGIES CORP. ANNOUNCES AUGUST 2023 BITCOIN MINING OPERATIONAL UPDATE

Sato Technologies Corp. has released the results of its August, 2023, bitcoin production and efficiency, all powered by renewable energy.

August mining update (unaudited)

In August, the mining network hash rate increased by 2.1 per cent month over month.

Furthermore, Sato is providing historical financial data for analysts and investors to compare the company with its peers. This will highlight Sato's top-tier ranking relative to the largest publicly traded mining companies.

"In our pursuit of excellence, efficiency remains paramount. As we navigate these pivotal growth phases in our bitcoin-mining operations, our unwavering focus is on maximizing production and minimizing costs. Concurrently, we are diligently looking into expanding our offerings in high-performance computing and artificial intelligence," said Romain Nouzareth, chairman and chief executive officer.

About Sato Technologies Corp.

Sato, founded in 2017, is a publicly listed company positioned for continuing success in deploying computing power for bitcoin mining, high-power computing and artificial intelligence, via proprietary data centres designed to provide efficient compute power tailored for the digital world. The company prides itself on outstanding performance, financial stability and a top-tier team.

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