Toronto, ON - September 8th, 2021 - Canada Computational Unlimited Inc (the “Company” or “CCU.ai”) is pleased to announce that it has been conditionally approved for trading on the TSX Venture Exchange (the “TSXV”) under the stock symbol ‘SATO’.
Romain Nouzareth, CEO and Chairman of CCU.ai commented “We are excited to bring this opportunity to market. Renewable Energy is the driving force of the future and sustainable infrastructure that will support computing power is critical to this green energy transition. CCU.ai presents investors with an opportunity to participate in a resource efficient investment. We are also very pleased to obtain the SATO ticker as an homage to Satoshi Nakamoto and the Bitcoin White Paper published in 2008.”
Nouzareth cited a study by the Bitcoin Mining Council, an association of the biggest miners in the US, Europe and Asia that showed that more than 56% of miners are already using renewable energy. He remarked that the trend toward green mining is inevitable, "This is the cheapest way for us to mine,, 80% of our cost is mainly electricity. The use of electricity is a security feature not a burden. This is what secures bitcoin, If you compare with other industries, like for example, the energy needed to support the entire financial system, the bitcoin energy inothing in comparison. If we had to choose between two solutions, the old financial system and the new crypto blockchain. It would be better and smarter to choose bitcoin because the energy usage is a security feature and actually uses less energy than the old system".