A Canada-based bitcoin mining company went public this week on the TSX Venture Exchange in Toronto. Its entrance into the trading arena is under the stock symbol “SATO” in homage to bitcoin founder Satoshi Nakamoto. Canada Computational Unlimited (CCU.ai) is a high-grade, carbon-neutral bitcoin mining operation. Recently, the Canadian company gained backing from blockchain-equity fund True Global Ventures 4Plus. TGV 4Plus just raised $100 million in funding prior to the CCU.ai cooperation.
SATO ticker is an homage to bitcoin founder Satoshi Nakamoto.
Romain Nouzareth, chairman and CEO of the mining operator, commented on the landmark. “CCU.ai presents investors with an opportunity to participate in a resource-efficient investment and the crypto market, respectively,” he said. “We are also delighted to have obtained the SATO ticker as an homage to Satoshi Nakamoto,” a reference to the mysterious inventor of bitcoin. Meanwhile, the founder of TGV 4 Plus, Dusan Stojanovic, said a compelling factor of the partnership is CCU.ai’s ecofriendly approach. The Canadian bitcoin mining firm runs 100% on hydroelectricity. The SATO stock will tentatively begin trading on Sept 21, according to the statement.
CCU.ai is not the only crypto-centric company with a green focus.
CCU.ai is not the only crypto-centric company with a green focus. The crypto space as a whole has a new environmentally friendly focus, a trend that will likely lead the sector into the future. As reported earlier, the big news of Tesla dropping bitcoin for environmental reasons shook the industry. Crypto mining can cause its surrounding environments a lot of strain. The news of a bitcoin mining facility on a New York lake sparked major controversy over its alleged environmental impact. Environmental activists targeted the crypto industry as it continues its growth into mainstream markets.