SATO Technologies (TSE:SATO) has released an update.
SATO Technologies is expanding its business by leveraging its expertise in Bitcoin computing to build advanced infrastructures for AI and high-performance computing. The company will use 20 MW of hydro-electricity from Quebec to power its next-generation data center, aiming to become a leader in hybrid computing power innovation. This strategic move is supported by a partial reimbursement from the Canada Revenue Agency, which will help kickstart the development of their new data center designs.
For further insights into TSE:SATO stock, check out TipRanks’ Stock Analysis page.
