Sato Technologies

The Joliette facility runs on 100% hydroelectric power and is managed through the company's wholly-owned operating subsidiary, Canada Computational Unlimited Inc. (CCU). According to BitcoinMiningStock.io data as of January 31, 2025, the site carries an installed hashrate of 0.56 EH/s and an operating hashrate of 0.41 EH/s. SATO self-reports a ranking of third-most-efficient publicly traded Bitcoin miner globally by Power Usage Effectiveness (PUE). SATO produced 82 BTC in fiscal year 2025, down from 190 BTC in 2024, reflecting the April 2024 halving and a deliberate down-clocking of approximately 40, 50% of its mining fleet to conserve cash. September 2025 production was 7 BTC; treasury holdings stood at 9 BTC as of September 30, 2025, per BitcoinMiningStock.io data.

Fiscal year 2025 revenue totaled $11.66 million, a 28% decline year-over-year, with a net loss of $4.37 million. SATO Technologies deferred executive compensation and evaluated non-core asset disposals as part of its liquidity program. In Q3 2025, revenue rose 28% quarter-over-quarter, coinciding with the launch of a strategic AI infrastructure initiative.

In July 2025, SATO Technologies established Qritical.AI Inc. as a wholly-owned subsidiary focused on AI digital infrastructure. The subsidiary's inaugural project, AI Factory 1, targets repurposing up to 20 MW of the Joliette site's hydroelectric capacity for high-density compute, optimized for large language model (LLM) training and inference workloads. Qritical.AI targets GPU-as-a-Service (GPUaaS) and Infrastructure-as-a-Service (IaaS) commercial models, with advanced liquid cooling and 100 Gbps multi-provider connectivity. The project is expected to go live six to nine months after securing an anchor client; SATO has reported non-binding interest for up to $125 million in combined equity and debt financing to fund the transition.

In March 2026, SATO Technologies closed the second and final tranche of a $1.375 million non-brokered private placement. Zac Smith and Jacob Smith, co-founders of bare-metal cloud provider Packet (subsequently acquired by Equinix), joined as strategic investors and advisors. CCU holds a secured loan originally signed with Sygnum Bank AG in July 2022 for CHF 3 million (C$4 million equivalent), later refinanced in July 2023 to CHF 6.79 million (C$10.38 million equivalent); in April 2026, CCU entered a subsequent forbearance agreement with Sygnum providing a conditional grace period on certain payment obligations.

SATO dual-listed on the OTCQB as CCPU.F in 2022 and is led by co-founder and Chairman-CEO Romain Nouzareth. SATO carries an enterprise value of $0.01 billion as of May 2026 and is actively marketing Qritical.AI's AI Factory 1 to anchor compute tenants in Québec's growing sovereign AI data center market.