SATO Q2 FY26 net loss widens to CAD 922,517; revenue drops 62% to CAD 1.14 million

Reuters2026/08/26 21:44

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SATO posted Q2 2026 revenue of CAD 1.14 million, down 62%.
Net loss widened to CAD 922,517 from CAD 766,454 a year earlier.
Bitcoin mined fell to 11 BTC from 22 BTC, with up to about 50% of the fleet down-clocked.
Completed a senior secured debt settlement on Aug. 24, eliminating secured debt; expects about CAD 2.02 million gain in Q3 2026.
Chairman and CEO Romain Nouzareth said the settlement restored control of mining proceeds as it pursues an AI conversion of its Joliette site.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SATO Technologies Corp. published the original content used to generate this news brief via Newsfile (Ref. ID: 202608261744NEWSFILECNPR____20260826_311686_1) on August 26, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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SATO Q2 FY26 net loss widens to CAD 922,517; revenue drops 62% to CAD 1.14 million

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