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Spring Bird Celebrates Significant Growth and Expands Reach Across the U.S.

Spring Bird

Spring Bird, a leading provider of heavy-duty transit solutions, is proud to announce its remarkable growth and expansion over the past six months. As a company deeply rooted in the Carson family's longstanding legacy in the transit industry, Spring Bird continues to set new standards in quality, customer satisfaction, and innovation. In the last six months, Spring Bird has successfully delivered transit buses for sale or lease to various key locations, including Texas, Chicago, New York, Idaho, Northern California, and an airport in Southern California. This expansion demonstrates our commitment to meeting the diverse needs of transit operators nationwide and highlights the trust and confidence our clients place in our products and services. "Our available fleet has seen significant growth, now boasting over 100 heavy-duty transit buses with fleet likeness. This uniformity not only provides a cohesive appearance for transit systems but also enhances maintenance efficiency, allowing for smoother operations and reduced downtime. Our dedication to quality and reliability ensures that each vehicle in our fleet meets the highest standards of safety and performance," said Elliott Carson, CEO of Spring Bird. This growth has propelled Spring Bird to become the second-largest supplier of certified pre-owned heavy-duty transit vehicles in North America. Our extensive inventory and comprehensive rehabilitation services, including minor repairs, major overhauls, and retrofitting with advanced technology such as low-emission engines and GPS systems, make us the preferred choice for transit operators seeking dependable and cost-effective solutions. "Our recent achievements are a testament to the hard work and dedication of our team and the trust of our clients," Carson added. "We are committed to continuing our legacy of excellence and innovation, providing top-quality transit solutions that meet the evolving needs of our customers." Spring Bird's success is built on a rich history of the Carson family's contributions to the transit industry, dating back to 1943. From the founding of Cross Town Lines to the establishment of Spring Bird by Elliott Carson, the company's journey reflects a deep-seated commitment to quality, customer satisfaction, and industry leadership. As we look to the future, Spring Bird remains focused on expanding our reach, enhancing our services, and delivering exceptional value to our customers. We are excited about the opportunities ahead and look forward to continuing our tradition of excellence in the transit industry. About Spring BirdSpring Bird is a premier provider of transportation solutions specializing in the sale, leasing, and service of heavy-duty transit buses and motor coaches. Drawing from the rich Carson family legacy in the transportation industry, Spring Bird offers an inventory of high-quality buses from leading manufacturers and provides customized rehabilitation services, including minor repairs, major overhauls, and technological retrofitting. Dedicated to safety, innovation, and customer satisfaction, Spring Bird addresses the unique needs of cities, transit agencies, and private operators, ensuring reliable and efficient transportation solutions. Contact Details Media Contact press@springbirdbus.com Company Website https://springbirdbus.com

July 02, 2024 11:17 AM Central Daylight Time

Aberdeen Limited Explores Potential Partnership with Ryanair for Strategic Bond Allocation

Aberdeen Limited

Aberdeen Limited, a leading fixed rate bond brokerage firm, is excited to announce the potential for a strategic partnership with Ryanair, Europe’s foremost low-cost airline. This proposed collaboration aims to leverage Aberdeen Limited’s extensive global network and expertise in bond markets to enhance Ryanair’s bond allocation strategies, supporting the airline’s ongoing expansion and financial objectives. Ryanair, amidst its impressive growth trajectory and ambitious plans for fleet enhancement, recognizes the need for a robust bond allocation strategy. Aberdeen Limited, renowned for its market expertise and extensive industry connections, is ideally positioned to assist in this critical initiative. “We are enthusiastic about the possibility of working with Ryanair on this strategic project,” said a spokesperson for Aberdeen Limited. “By leveraging our global contacts and deep understanding of the bond market, we aim to provide Ryanair with exceptional support in their bond allocation efforts. This potential partnership underscores our commitment to delivering tailored financial solutions that align with our clients’ strategic objectives.” Aberdeen Limited anticipates assisting Ryanair in identifying and engaging with potential investors worldwide, ensuring a diversified and optimized bond allocation. The discussions are focused on harnessing Aberdeen’s established relationships with institutional investors, private equity firms, and other key stakeholders in the global financial markets. Ryanair’s CFO expressed optimism about the potential partnership, stating, “Engaging with Aberdeen Limited represents a strategic alignment with our financial growth plans. Their expertise in bond markets and extensive network could be invaluable as we explore this potential collaboration. We are confident that working together could significantly enhance our financial strategy and support our long-term objectives.” As Ryanair experiences robust passenger growth and expansion, this potential partnership with Aberdeen Limited could significantly enhance the airline’s financial flexibility and strength. By utilizing Aberdeen Limited’s expertise, Ryanair aims to secure favorable bond terms, thereby strengthening its financial foundation for future investments. Aberdeen Limited’s comprehensive approach includes detailed market analysis, targeted investor outreach, and strategic advisory services tailored specifically to Ryanair’s needs. If realized, this collaboration is expected to yield significant benefits, reinforcing both companies’ positions within their respective sectors. Looking ahead, Aberdeen Limited and Ryanair are committed to exploring this partnership further to achieve optimal financial outcomes, positioning Ryanair for continued success and expansion in the competitive airline industry. Contact Details Aberdeen Limited Joe Cawley joe.cawley@aberdeen-ltd.com Company Website https://aberdeen-ltd.com/

July 02, 2024 11:48 AM Eastern Daylight Time

HTX Ventures Invests in RedStone Oracles to Expand Modular DeFi Infrastructure

HTX Ventures

Singapore / July 2, 2024 – In support of a more efficient and user-friendly DeFi market, HTX Ventures, the global investment arm of the cryptocurrency exchange HTX, has announced a strategic investment in RedStone. RedStone is one of the fastest-growing modular oracles in 2024 that delivers diverse, high-frequency data feeds to EVM Layer1, Layer2, Rollup-as-a-Service networks, and beyond, including Starknet, Fuel Network, and TON. RedStone's modular nature enables it to provide data feeds that are unavailable elsewhere, specializing in yield-bearing collateral for lending markets, especially LSTs and LRTs. Its modular pricing engine ensures the highest accuracy and relevance by consistently updating. Moreover, RedStone is chain-agnostic, meaning it can push data to numerous EVM and non-EVM ecosystems, rollups, and various app chains. This makes it an ideal partner for Rollup-as-a-Service providers and Eigenlayer AVSes. Currently, RedStone's Total Value Secured (TVS) has grown to $4 billion, expanded to over 60 chains, and served more than 100 clients such as EtherFi, Pendle, Morpho and Ethena. RedStone recently closed its $15 million Series A round, led by Arrington Capital. The funds will be used to expand the Marketing and Business Development divisions, fueling an extensive Q3/Q4 growth pipeline. RedStone is currently testing Oracle Extractable Value (OEV) implementation, scheduled for trial with customers in the coming months, and preparing for the launch of its native token later this year. "RedStone is introducing an exciting advancement to DeFi with its modular design," said Edward, Managing Partner at HTX Ventures. "DeFi users will benefit from new and precise data feeds, as well as push and pull data services. RedStone's chain-agnostic feature allows it to provide services across various layers. At HTX Ventures, we are thrilled to witness new innovations within the oracle space and are eager to collaborate on building better infrastructure and tools for DeFi." Jakub Wojciechowski, CEO of RedStone Oracles, commented, "This Series A round gives us ample financial runway to broaden our suite of services while bringing reliable real-world data to a host of blockchain-based protocols. Sincere thanks to our investors and community for their fervent support, and believe me when I say - we are just getting started." RedStone is also preparing for the upcoming launch of Season 2 of RedStone Expedition – an interactive community engagement initiative giving participants the chance to accumulate RSG (RedStone Gems) points through a diverse array of activities. Interested parties can sign up here: RedStone Expedition. About RedStone RedStone is a modular oracle delivering diverse, high-frequency data feeds to EVM Layer1, Layer2, Rollup-as-a-Service networks, and beyond, i.e., Starknet, Fuel Network, or TON. By responding to market trends and developer needs, RedStone can support assets not available elsewhere. The modular design allows for data consumption models adjusted to specific use cases, i.e., capital-efficient LSTfi and early support of LRTs. Trusted by Pendle, Morpho, Venus, Ethena, ether.fi & more. About HTX Ventures HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures presently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most vigorous Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including IVC, Shima, and Animoca. Contact Details EE glo-media@htx-inc.com Company Website https://www.htx.com/en-us/ventures

July 02, 2024 11:09 AM Eastern Daylight Time

News Release

Aberdeen Limited Explores Potential Partnership with Ryanair for Strategic Bond Allocation

Ryanair

Aberdeen Limited, a leading fixed rate bond brokerage firm, is excited to announce the potential for a strategic partnership with Ryanair, Europe’s foremost low-cost airline. This proposed collaboration aims to leverage Aberdeen Limited’s extensive global network and expertise in bond markets to enhance Ryanair’s bond allocation strategies, supporting the airline’s ongoing expansion and financial objectives. Ryanair, amidst its impressive growth trajectory and ambitious plans for fleet enhancement, recognizes the need for a robust bond allocation strategy. Aberdeen Limited, renowned for its market expertise and extensive industry connections, is ideally positioned to assist in this critical initiative. “We are enthusiastic about the possibility of working with Ryanair on this strategic project,” said a spokesperson for Aberdeen Limited. “By leveraging our global contacts and deep understanding of the bond market, we aim to provide Ryanair with exceptional support in their bond allocation efforts. This potential partnership underscores our commitment to delivering tailored financial solutions that align with our clients’ strategic objectives.” Aberdeen Limited anticipates assisting Ryanair in identifying and engaging with potential investors worldwide, ensuring a diversified and optimized bond allocation. The discussions are focused on harnessing Aberdeen’s established relationships with institutional investors, private equity firms, and other key stakeholders in the global financial markets. Ryanair’s CFO expressed optimism about the potential partnership, stating, “Engaging with Aberdeen Limited represents a strategic alignment with our financial growth plans. Their expertise in bond markets and extensive network could be invaluable as we explore this potential collaboration. We are confident that working together could significantly enhance our financial strategy and support our long-term objectives.” As Ryanair experiences robust passenger growth and expansion, this potential partnership with Aberdeen Limited could significantly enhance the airline’s financial flexibility and strength. By utilizing Aberdeen Limited’s expertise, Ryanair aims to secure favorable bond terms, thereby strengthening its financial foundation for future investments. Aberdeen Limited’s comprehensive approach includes detailed market analysis, targeted investor outreach, and strategic advisory services tailored specifically to Ryanair’s needs. If realized, this collaboration is expected to yield significant benefits, reinforcing both companies’ positions within their respective sectors. Looking ahead, Aberdeen Limited and Ryanair are committed to exploring this partnership further to achieve optimal financial outcomes, positioning Ryanair for continued success and expansion in the competitive airline industry. Contact Details Aberdeen Limited Joe Cawley joe.cawley@aberdeen-ltd.com Company Website https://aberdeen-ltd.com/

July 02, 2024 10:49 AM Eastern Daylight Time

Blockmate Ventures subsidiary Hivello partners with IoTeX: new blockchain integration

Blockmate Ventures Inc

Blockmate Ventures Inc (TSX-V:MATE, OTCQB:MATEF) and Hivello chairman Domenic Carosa joined Proactive's Stephen Gunnion with details of Hivello's new strategic partnership with IoTeX. Carosa explained that Hivello, a DePIN aggregation platform, will integrate the IoTeX blockchain, allowing new DePINs launched on IoTeX to be supported by Hivello. IoTeX, a leading layer one blockchain in the DePIN space with a market cap of $380 million, will promote Hivello to its global user base. "Hivello is already in the process of integrating IoTeX because of the great DePINs on their blockchain," Carosa said, emphasizing the eco-friendly approach of DePIN and likening it to the sharing economy where users can share their computer resources and get paid, contributing to building a decentralized network. Hivello targets consumers with spare desktops and laptops and plans to expand to enterprises. The company aims to create a vibrant and inclusive DePIN ecosystem, offering a sustainable alternative to throwing away unused tech devices. Carosa also mentioned Hivello's recent $2.5 million raise and the ongoing $4.5 million raise at a $30 million pre-money valuation, co-led by Animoca Brands and Blockchain Founders Fund. The funds will be used to build technology infrastructure and acquire customers. For more insights and updates from Blockmate Ventures and Hivello, visit Proactive's YouTube channel. Don’t forget to like the video, subscribe to the channel, and enable notifications for future content. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

July 02, 2024 10:17 AM Eastern Daylight Time

Video

Bit Digital expands HPC contract to $275M, CEO Sam Tabar explains

Bit Digital Inc

Bit Digital Inc (NASDAQ:BTBT) CEO Sam Tabar speaks to Proactive's Stephen Gunnion about the contract expansion with an existing high performance computing (HPC) customer, increasing the value to about $275 million. The market has positively responded to this news, significantly boosting the company’s shares last week. Initially deploying 2,048 GPUs in January, the client has now doubled the size of the fleet, representing about $92 million per year, locked in for three years. Tabar detailed that this computational power is essential for clients building large language models (LLMs) and AI applications. Bit Digital offers a customized approach, leveraging Nvidia H100 chips and collaborating with Dell and Supermicro for their deployments. This specialized equipment is hosted in data centers with unique capabilities, located in places like Iceland. Looking ahead, Tabar emphasized the company's growing opportunities in the HPC AI vertical, citing a robust pipeline of clients eager for their services. "We have a very pregnant pipeline of opportunity... it's all been reverse inquiry," he noted. Bit Digital plans to streamline its processes by hiring a head of revenue to manage the increasing demand. Visit Proactive's YouTube channel for more videos. Don't forget to give the video a like, subscribe to the channel, and enable notifications for future content. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

July 02, 2024 10:15 AM Eastern Daylight Time

Video

Seaweed Bath Co. Announces Acquisition of Andalou Naturals and Mineral Fusion

Seaweed Bath Co.

Seaweed Bath Co., the original ocean-inspired natural beauty brand, today announced its acquisition of Andalou Naturals and Mineral Fusion, two leading brands in the natural beauty space. All three brands are available nationwide at retailers such as Whole Foods Market, Amazon, Sprouts Farmers Market and Natural Grocers, among others. “We have admired Andalou Naturals and Mineral Fusion for a long time, and we are thrilled to bring together the resources, knowledge and extensive experience of the teams,” says Allison Grossman, Co-Founder of Seaweed Bath Co. The acquisition of Mineral Fusion, a top-selling natural cosmetic brand, and Andalou Naturals, a brand known for its innovative natural skincare products, combined with Seaweed Bath Co.’s range of body, hair and sun care products, creates a unique opportunity to streamline product development and increase operational efficiencies. “Our team is very excited to welcome Andalou Naturals and Mineral Fusion to the Seaweed Bath Co. family,” says Tim Schaeffer, Chief Executive Officer, Seaweed Bath Co. “These acquisitions are our first step in creating a best-in-class natural beauty platform that leverages scale to drive product and sustainability innovation as well as serve the evolving needs of both retail partners and consumers.” Natureza Growth Partners, a leading consumer growth equity firm, led Seaweed Bath Co.’s financing for the acquisition. In connection with the transaction, Natureza's Managing Partner Collin Eckles will be joining the Seaweed Bath Co. Board of Directors, and Managing Partner Fernando Gentil Jr. will serve as Chairman of the Board. Advisors KPMG Corporate Finance LLC, a leading global investment banking firm, served as a financial advisor on the sale. Legal support for the transaction was provided by Polsinelli. About Seaweed Bath Co. Founded in 2010, Seaweed Bath Co was inspired by its founders’ discovery of the amazing benefits of seaweed while on a personal journey to find a better solution for their family’s troubled skin. Since then, Seaweed Bath Co. has continued to harness the endless gifts of the ocean in inspiring, nourishing and restoring formulas for all skin and hair types. Seaweed Bath Co.’s product range includes body care, hair care, sun care and facial care. The brand proudly supports ocean conservation through partnerships with marine mammal rescue and rehabilitation organizations. Seaweed Bath Co. is available nationwide at Whole Foods and Amazon. Unlock the magic of the sea at seaweedbathco.com. About Andalou Naturals As pioneers in the natural beauty industry, Andalou Naturals leverages the power of Nature’s Intelligence®, through revolutionary Fruit Stem Cell Science®. It enhances the skin’s natural radiance, harnessing the power of plants to fortify and nourish the body’s essential building blocks while supercharging natural defense systems to create a luminous, energized appearance from head to toe. Andalou Naturals’ commitment to beauty through pure ingredients, innovative formulas, eco- friendly practices, and cruelty-free standards guides the brand’s formulation while its dedication to the empowerment of women lays a beautiful foundation for generations to come. https://andalou.com/ About Mineral Fusion Mineral Fusion began as a mineral brand in 2007 focused on developing products that are a fusion of beauty and skin care that focus on correcting flaws, not just covering them up. Since its launch, Mineral Fusion has grown to become the #1 cosmetic brand at natural retailers. The brand is centered around providing clean cosmetics products that don’t compromise on the quality, reliability, exceptional wear, and confidence-boosting performance that consumers know and love. The Mineral Fusion portfolio of products is safe and gentle for all skin types, hypoallergenic and free of gluten, parabens, phthalates, synthetic fragrances, talc and are primarily vegan. In addition to having the most EWG VERIFIED™ products of any beauty brand, Mineral Fusion is also Leaping Bunny Certified cruelty free. Mineral Fusion is available nationwide at Whole Foods Market, select Target stores and Target.com and fine natural health and beauty stores. https://www.mineralfusion.com/ FOR SEAWEED BATH CO. PRESS INQUIRIES, PLEASE CONTACT KIM FARRINGTON AT KIM@FARRINGTONPR.COM. FOR ANDALOU NATURALS AND MINERAL FUSION PRESS INQUIRIES, PLEASE CONTACT DANA TUCHMAN – KAYNES AT DTUCHMAN@TRACTENBERG.COM. Contact Details Seaweed Bath Co. Kim Farrington KIM@FARRINGTONPR.COM Andalou Naturals and Mineral Fusion Dana Tuchman - Kaynes DTUCHMAN@TRACTENBERG.COM Company Website https://seaweedbathco.com/

July 02, 2024 09:00 AM Eastern Daylight Time

Vivos One Step Closer To Transforming Cancer Treatment With FDA Application To Start Human Trials For Pioneering Injectable Brachytherapy Device

Vivos Inc.

By Meg Flippin, Benzinga In what could prove to be a transformational development in cancer treatment, Vivos (OTCQB: RDGL), the maker of the Radiogel™ Precision Radionuclide Therapy, submitted an application to the U.S. Food and Drug Administration (FDA) to initiate human clinical trials. The Investigational Device Exemption (IDE) application is an amendment addressing the FDA’s comments about the company’s previous application. Once it's granted approval, Vivos can begin testing its therapy on humans to treat solid metastatic tumors, particularly in lymph nodes associated with papillary thyroid cancer. How RadioGel Works RadioGel, a pioneering Yttrium-90-based injectable brachytherapy device, represents what the company says is a groundbreaking approach to cancer treatment. It is designed for patients who are either not eligible for surgery or have chosen not to undergo the procedure, particularly those with non-radioiodine avid disease and limited burden regional nodal disease. The therapy involves directly injecting a hydrogel containing Yttrium-90 phosphate microparticles into the tumor. This method allows for a more localized and potent radiation treatment compared to traditional external-beam radiation therapies. First Filing Since Breakthrough Device Designation The application marks Vivos’ first filing with the FDA since being granted FDA Breakthrough Device Designation for the Radiogel ™ Precision Radionuclide Therapy. The Breakthrough Devices Program by the FDA is designed to accelerate the development and review of innovative technologies that show potential for more effective treatment options. The program's support is instrumental in hastening patient access to promising medical advancements like RadioGel. The technology behind RadioGel allows for the safe delivery of higher doses necessary for treating non-resectable and radiation-resistant cancers. The product also boasts a short half-life, delivering over 90% of its therapeutic radiation within ten days. That will be welcome news to cancer sufferers, given other treatments can require up to six weeks for a full course of radiation therapy. Additionally, the outpatient nature of the RadioGel therapy means patients can return home without concerns about radiation exposure to family members. Vivos Is Ready Since receiving that status, Vivos said the communication with the FDA has improved further, which is important to ushering this treatment along. The IDE filing includes reports on two studies – RadioGel genotoxicity and the retention of RadioGel at the injection site in VX2 tumors in rabbits. Vivos said the IDE submission addressed the 63 FDA comments received in previous FDA correspondences. In some cases, the company repeated underlying testing to strengthen its answers with current data. “We are mindful that most of the twelve FDA reviewers have joined in the past two years and we anticipate they will have some comments after reviewing the extensive material in our filing, which we are prepared to address promptly,” said Dr. Michael Korenko, President and CEO of Vivos. “We are eager to secure the FDA’s IDE approval so that we can submit our plan to the Mayo Clinic's Independent Review Board (IRB) for clearance to initiate the first in human clinical trials. This is an exciting time for Vivos and we are committed to bringing a new treatment option to patients in the fight against challenging cancer types. Initially our collaboration with Mayo will be targeting solid metastatic tumors in lymph nodes associated with papillary thyroid cancer.” Vivos, in collaboration with the Mayo Clinic, is working hard to develop treatments to fight challenging cancer types, offering hope and potentially more effective treatment options to people around the globe. The IDE application puts it one step closer to realizing that dream. Featured photo by National Cancer Institute on Unsplash. Vivos Inc. has developed a Yttrium-90-based injectable Precision Radionuclide Therapy brachytherapy device to treat solid tumors in animals (IsoPet®) and humans (RadioGel™). Using the company's proprietary hydrogel technology, brachytherapy uses highly localized radiation to destroy cancerous tumors by placing a radioactive isotope directly inside the treatment area. The injection delivers therapeutic radiation from within the tumor without the entrance skin dose and associated side effects of treatment that characterize external-beam radiation therapy. This feature allows the safe delivery of higher doses needed for treating non-resectable and radiation-resistant cancers. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Michael K. Korenko info@vivosinc.com Company Website http://www.vivosincusa.com

July 02, 2024 09:00 AM Eastern Daylight Time

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Bitcoin Miner SATO Technologies (OTC: CCPUF) (TSX.V: SATO) Reports Record-Breaking Q1 Performance, Eyes Set On Growth

SATO Technologies Corp.

By Gerelyn Terzo A renewed excitement emerged in the cryptocurrency market after the Bitcoin price reached a new ATH of $73,700, causing many prognosticators to dust off their bullish forecasts for the leading digital asset. After a period of sideways trading, owing in part to hype around artificial intelligence, cryptocurrencies seem to be getting their groove back, thanks largely to a successful Bitcoin halving as well as the regulatory green light for spot exchange-traded funds (ETFs). As a result, and despite market volatility, Bitcoin mining seems to have returned with a vengeance as industry players jockey for their share of the pie. One company that stands out as an under-the-radar player (which we discussed previously here ) in this resurgence is Toronto-based SATO Technologies (OTC: CCPUF) (TSX.V: SATO), a small-cap Bitcoin miner founded in 2017 that has consistently emphasized strong fundamentals in this budding industry. SATO reported first-quarter results on May 21, setting new records on both the top and bottom lines. These results demonstrate SATO’s financial position among comparable Bitcoin miners as well as its ability to capitalize on growing demand. First-Quarter Results Break Company Records SATO generates 20 MW of energy for Bitcoin computing power, producing approximately 0.1% of the Bitcoin network’s total mining power — which equates to around 0.6 EH/s. The all-in power cost is $48,492 per Bitcoin, post-halving, according to the company’s latest monthly update. ( see the last company monthly update here ) SATO also reported a standout first quarter filled with growth in revenue and operating cash flow, both of which have been steadily rising over the past several years with only minor interruptions. This performance is noteworthy since SATO operates in a capex-heavy industry, making its access to the public markets a key benefit. SATO reported record revenue of C$5.9 million, a 51% increase compared with Q1 2023 results. Additionally, SATO flipped to a profit, reporting net earnings of C$3.9 million vs. a net loss in the year-ago period, a turnaround of 865%. Meanwhile, EBITDA came in at almost C$5.0 million, a 333% spike compared with Q1 2023. SATO seems to be firing on all cylinders, with operating cash flow exceeding the C$400,000 level and a cash and digital asset balance of C$7.3 million. Romain Nouzareth, Co-Founder, Chairman and CEO of SATO, on an earnings call, pointed to the company’s “industry-leading mining efficiency” coupled with its “prudent cost structure” for the results, displaying confidence in positive momentum set to continue well beyond the Bitcoin halving. One of the keys to SATO’s success has been its ability to prioritize efficiency around energy consumption and costs, utilizing renewable, well-priced and stable sources of power from Quebec. To this end, SATO has developed its own data center or mining farm, from which it’s transforming its own energy and another 6 MW of power equipment ready to deploy to support future expansion. As a Bitcoin miner, SATO is not immune to the volatility of BTC prices. However, by maintaining a strong HODL strategy and implementing growth plans, SATO is committed to staying efficient and resilient, ensuring survival and success regardless of market conditions. SATO Eyes Role In AI Innovation As of 2023, SATO reports that it represented approximately 0.10% of the total Bitcoin mining network. However, the company’s management is focused on going as far as they can as quickly as they can in what Nouzareth has described as a new era for computing power. One way in which it plans to do this is by entering into the artificial intelligence (AI) race in the near future, where it will explore using its computer networks to support AI innovation. This is a growth avenue that operating its own data centers allows SATO to consider. For the remainder of 2024 and the long term, SATO is highly focused on growing its hashrate by expanding its fleet of miners and access to power while fine-tuning current operations with AI and high performance computing (HPC) upgrades leading the charge. Whatever the future holds, SATO plans to “go big,” a strategy that seems to have paid off for the company so far. Featured photo by BrianPenny on Pixabay. SATO, founded in 2017, is a publicly listed company providing efficient computing power. The Company currently operates a data center tailored to produce compute power for Bitcoin Mining, but may look to expand or add additional data centers for computing power for Bitcoin Mining, High Power Computing (“HPC”), Artificial Intelligence (“AI”), and L2’s. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Cautionary Statement Regarding Forward-Looking Information This news release contains certain forward-looking statements, including statements relating to the future performance of the Company, and other statements that are not historical facts. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law. Contact Details Yujia Zhai +1 860-214-0809 yujia@orangegroupadvisors.com Company Website https://www.bysato.com/

July 02, 2024 08:45 AM Eastern Daylight Time

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All Industries

Spring Bird Celebrates Significant Growth and Expands Reach Across the U.S.

Aberdeen Limited Explores Potential Partnership with Ryanair for Strategic Bond Allocation

HTX Ventures Invests in RedStone Oracles to Expand Modular DeFi Infrastructure

Aberdeen Limited Explores Potential Partnership with Ryanair for Strategic Bond Allocation

Blockmate Ventures subsidiary Hivello partners with IoTeX: new blockchain integration

Bit Digital expands HPC contract to $275M, CEO Sam Tabar explains

Seaweed Bath Co. Announces Acquisition of Andalou Naturals and Mineral Fusion

Vivos One Step Closer To Transforming Cancer Treatment With FDA Application To Start Human Trials For Pioneering Injectable Brachytherapy Device

Bitcoin Miner SATO Technologies (OTC: CCPUF) (TSX.V: SATO) Reports Record-Breaking Q1 Performance, Eyes Set On Growth