June 14, 2022 – Toronto, Canada
SATO introduces brand change with the launch of a new name and website.
SATO Technologies Corp. (TSXV: SATO / OTCQB: CCPU.F) (“SATO” or “the company”formerly ‘Canada Computational Unlimited Corp.’) launches its new brand and website to better express its commitment to responsible Bitcoin mining.
SATO’s new image will be more in line with its mission to lead with full transparency and cultivate the community through the development of blockchain applications, especially in the Bitcoin blockchain and the Lightning network.
The new site is available here.
Romain Nouzareth, co-founder, president and CEO of SATO, said:
“This brand change emulates the company’s growth with a more distinctive and accessible look while paying homage to Satoshi Nakamoto. A strong company is always evolvingtherefore, the SATO team is continuously developing its responsible and highly efficient Bitcoin mining business while innovating in the Bitcoin blockchain and Lightning network, which gives us a competitive advantage.
As approved at the Company’s annual and extraordinary meeting on May 31, 2022, the Company submitted articles of amendment to change its name to SATO Technologies Corp. The Company expects the shares to begin trading under the new name on TSX Venture. Exchange on or around June 16, 2022.
The Company symbol will remain “SATO”. A new CUSIP number has been issued and shareholders are not required to take any action regarding the name change.
SATO’s focus is to expand its responsible Bitcoin mining operations worldwide. The Company is also in the process of launching new projects built on the Bitcoin blockchain and Lightning Network. Project X at SATO is a user group that innovates and builds the future with Bitcoin at its core. Participants will be able to privately try new products before the public launch. Interested persons are invited to join the X SATO Project.
SATO operates a state-of-the-art, carbon-neutral Bitcoin mining center with a 20 MW stable and renewable energy contract in Joliette, Quebec. The Company’s high-density computing centers are built for high-grade cryptocurrency mining, artificial intelligence data processing, and fintech infrastructure.
Founded in 2017, SATO is run by technology entrepreneurs, experts in electricity and ventilation, networking 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 Quebec has made this effort feasible and a great basis for growth. Additional information can be found here.
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Neither the TSX Venture Exchange nor its regulatory service provider (as defined in the TSX Venture Exchange policies) accept responsibility for the adequacy or accuracy of this release.
Prospective information warning statement
This press release contains certain forward-looking statements, including statements relating to the Company’s future performance and other statements that are not historical facts. Whenever possible, words like “may”, “go”, “should”, “could”, “expect”, “plan”, “pretend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or negative or other variations of these words, or similar words or phrases, were used to identify these forward-looking statements. These statements reflect current management beliefs and are based on information currently available to management as of the date of this document.
Forward-looking statements involve significant risks, uncertainties and assumptions. Many factors can make actual results, performance, or achievements differ materially from the results discussed or implied in the forward-looking statements. These factors should be carefully considered and readers should not unduly rely on forward-looking statements.
Although the forward-looking statements contained in this press release are based on what management considers reasonable assumptions, the Company cannot assure readers that the 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, unless required by law.
Caroline Klukowski, SATO
This content is sponsored and should be considered promotional material. The views and statements expressed herein are those of the author and do not reflect the views of The Daily Hodl. The Daily Hodl is not a subsidiary or owner of any ICOs, blockchain startups or companies advertised on our platform. Investors should do their due diligence before making high risk investments in any ICO, blockchain startups or cryptocurrencies. Keep in mind that your investments are at your own risk and that any losses you may incur are your responsibility.
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