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Bitcoin Miner Canada Computational Unlimited to Go Public

The company is set to trade on the TSX Venture Exchange in Toronto under the ticker symbol “SATO.”

Sep 9, 2021 at 11:49 a.m. UTC
Updated Sep 9, 2021 at 1:51 p.m. UTC

Canada Computational Unlimited (CCU.ai), operator of a carbon-neutral bitcoin mining center in Québec, has received conditional approval to go public on the Toronto Stock Exchange (TSX) through a reverse merger with Capricorn Business Acquisition.

  • CCU.ai’s bitcoin mining center has a contract of 20 megawatt (MW) of excess carbon-neutral energy, the company said Tuesday.
  • The company is expected to begin trading on the TSX Venture Exchange in Toronto on or about Sept. 12 under the ticker symbol “SATO.”
  • The proceeds of CCU.ai’s June fundraising were placed into escrow pending the completion of the deal, which was announced in May.


DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Jamie Crawley is a CoinDesk news reporter based in London.

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