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TORONTO - SATO Technologies Corp. (TSXV:SATO) (OTCQB:CCPUF), a micro-cap Bitcoin mining company with a market capitalization of $8.33 million and current share price of $0.12, announced Monday that shareholders approved all resolutions presented at its 2025 Annual General and Special Meeting. According to InvestingPro data, the company faces significant operational challenges with a 32.83% revenue decline in the last twelve months.
Shareholders re-elected all five directors to the company’s board: Romain Nouzareth, Frank Di Tomaso, Dominique Payette, Randal Milch, and Mathieu Nouzareth. Each director received more than 98% approval from voting shareholders.
Davidson and Company LLP was appointed as the company’s independent external auditor for the coming year, with 99.8% of votes cast in favor. Shareholders also approved SATO’s Omnibus Equity Incentive Plan with 97.6% support.
SATO, founded in 2017, currently operates one data center providing computing power for Bitcoin mining. According to the company’s statement, it may consider expanding to additional data centers for Bitcoin mining, High Power Computing, Artificial Intelligence, and L2’s. InvestingPro analysis reveals the company is currently dealing with significant cash burn and debt challenges, with investors awaiting the next earnings report scheduled for August 26, 2025.
The resolutions voted on at the meeting were detailed in SATO’s Management Information Circular dated May 29, 2025, which was distributed to shareholders and is available on SEDAR+.
SATO Technologies is listed on the TSX Venture Exchange under the symbol SATO and on the OTCQB under the symbol CCPUF. For comprehensive financial analysis and 13 additional exclusive ProTips about SATO’s performance, visit InvestingPro.
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