Mr. Romain Nouzareth reports

SATO TECHNOLOGIES CORP. REPORTS 2023 AUDITED FINANCIAL RESULTS

Sato Technologies Corp. has released the financial results for the full year ended Dec. 31, 2023. Please refer to the Company's Consolidated 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+ (www.sedar.com) and are available on the Company's website (www.bysato.com).

Financial - Highlights

• Revenue of C$17,560,656, up 65% versus 2022
• Positive Operating Cash Flows of C$1,809,444
• EBITDA of C$4,296,850 compared to negative EBITDA of C$(5,667,279) in 2022
• Net profit of C$776,496 compared to a net loss of C$(8,175,033) for 2022
• Cash position and Digital Asset as at December 31, 2023 of C$4,441,631

2023 Operational - Highlights

• Efficiency ratio (BTC produced per Exahash), average: 77.11 BTC per EH/s
• 260 Bitcoins earned Average electricity cost per Bitcoin: US$15,168
• 6 MW of power equipment ready for deployment to support future expansion

Romain Nouzareth, Co-Founder, Chairman and CEO of SATO commented, "Despite the challenging dynamics within the Bitcoin economy in 2023, our commitment to operational excellence and cost control helped drive record net profit and positive operating cash flows. As a result, we ended the year with $C4.4 million in cash and digital assets. This demonstrates our strong operational capability and positions us in an advantageous stance as we enter the halving year of 2024."

SATO Technologies will host a live conference call to present the operational highlights and the audited financial results for the year ended December 31, 2023, followed by a Q&A session. The event is scheduled for 9:00 AM EDT on Tuesday the 12th of March 2024.

Analysts, media, and investors are invited to attend.

Details of the conference call are as follows:

Date: Tuesday, March 12th, 2024

Time: 09.00 AM Eastern Time

Dial-in number: +1 646 558 8656

Ask your questions in advance: https://forms.gle/whsh3DuiQPf3PLRg8

Meeting ID: 836 8199 3335

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.

About SATOSATO, 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"), and L2's. The Company is listed on TSX.V:SATO & OTCQB:CCPU.F. To learn more about SATO, visit www.bysato.com.

We seek Safe Harbor.