SATO Technologies Corp. announced July 2023 Bitcoin Production and Efficiency, and provides update regarding achieving 100% self-mining at Center One in Quebec, all powered by renewable energy. In July, extreme weather and storms affected Mining Center One, leading to several power distribution outages.

Additionally, the mining difficulty increased by 3.3% from June to July. These factors combined to result in a 1.33% reduction in BTC produced per EH/s compared to the previous month. Key Highlights of the Transition to 100% Self-Mining through Miner Acquisitions.

4,419 new generation miners acquired and already plugged-in on site; One of the lowest renewable energy cost at approximately USD 0.0288/kWh (equivalent CAD 0.03830). The Company also pays monthly demand charge of CAD 13.63 per kilowatt, on its Contracted Reserve. The total energy cost aggregates to USD 0.043 per kWh.

Average asset book value per running PH (excluding cash on hand and digital assets hodl) of USD 32,850.