COO Fanny Philip from Canada-based Bitcoin (BTC) mining entity Sato Technologies reportedly disclosed the requirements to make it out of the bearish movements as the market gears towards the next bull run.

Specifically, the choices made by establishments amid the bearish actions the markets show will reportedly be a crucial factor in determining their longevity in the crypto ecosystem. 

Philip – during his speech at the Surfin’ Bitcoin 2022 event held in France regarding the ramifications of bear markets on business – reportedly believed that the timing is appropriate for mining firms to build and learn. 

“To build? Perfect. A bear market is a built market for us.”

“When the price of Bitcoin is low, you mine more. If you have to [purchase] equipment, since it’s linked to the price of the Bitcoin, the price of the equipment decreases a lot.” Philip reportedly went on. 

Sato reportedly functions as a crypto assets mining firm, with the public listing for trading across the Toronto Stock Exchange (TSXV) since Sept. 2021, and mines both Bitcoin (BTC) and Ether (ETH).

Each of the factors that appeared above assists establishments across the sphere to design, and per Philip, Sato is in the building stage.

This is reportedly visible via the firm’s freshly inked agreement with Foundry Digital LLC (Foundry). The two establishments reportedly shook hands on a deal that enable Sato to host a maximum of extra 4,300 miners at Center One in Québec. All of which will be powered by renewable energy.

Sato reportedly utilizes its mining capabilities to mine a small sum of ETH apart from its main concentration on BTC mining.

“What’s going to happen, nobody really knows. That’s why we decided to diversify. Mining is our core business but we develop a lot of applications on top of the Lightning Network.” Philip further claimed to believe the time is now to diversify and learn about options, regarding any strategies to face the upcoming Ethereum Merge.