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SAI.TECH Global Corporation (NASDAQ: SAI) is a sustainable distributed bitcoin mining operator headquartered in Singapore. The company is at the forefront of integrating bitcoin mining, power, and heating industries through its proprietary liquid cooling and heat exchange technology. This technology enables the use of waste heat from mining operations to provide recycled energy heating, reducing operational costs and enhancing energy efficiency.
SAI.TECH operates through four primary segments: equipment sales, hosting services, mining pool business, and self-mining operations. The company recently announced a significant expansion of its SAI NODE Marietta facility in Ohio, which focuses on advancing high-performance computing liquid cooling and heat recycling technologies. This expansion involves the addition of 478 bitcoin mining machines, boosting the facility's hash rate capacity by approximately 68 PH/s.
The company’s innovative TANKBOX2 system, part of its WITBOX product line, is designed to improve immersion cooling efficiency and flexibility in computing heat recycling. This technology has the potential to apply recycled computing heat to various industries, including fishery, aquatic centers, and industrial heating processes.
In addition to its US operations, SAI.TECH is expanding into the Canadian market through a partnership with Green Agritech Ltd. This collaboration aims to establish a 1MW computing data center in Manitoba, utilizing SAI’s computing waste heat recovery technology to supply heat to onsite facilities and a future greenhouse.
Since its public listing on Nasdaq in May 2022, following a merger with TradeUP Global Corporation, SAI.TECH has continued to develop its sustainable and energy-efficient solutions. The company collaborates with academic institutions, national labs, and industrial partners and seeks support from local, state, and federal government entities to advance its mission.
SAI.TECH Global (NASDAQ: SAI, SAITW) announces its participation at the 2024 SelectUSA Investment Summit on June 23 in Maryland. This event is a key platform for international tech startups entering the U.S. market. Dr. Tao Wu will present SAI's initiatives, including the Computing Heat Recycling R&D Center in Marietta, OH. This center features the Advanced Computing Center Ecosystem (ACCE) with WITBOX, HEATBOX, and USERBOX systems that enhance heat recycling from computing servers. The WITBOX system captures over 97% of generated heat, while HEATBOX manages heat supply, and USERBOX integrates heating solutions for various applications. Additionally, SAI's educational program on computing heat recycling has received local government accolades and community grants.
On June 17, 2024, SAI.TECH Global (NASDAQ: SAI, SAITW) announced that its Computing Heat Recycle Center Education Program has received grants from the Marietta Community Foundation (MCF). A total of $97,290 was awarded to local organizations, with $7,582 allocated to SAI.TECH’s program. This initiative aims to provide students with hands-on learning in data centers, AI, and computing heat recycling, also addressing food insecurity through greenhouse operations using recycled heat. The program is supported by SAI.TECH’s Advanced Computing Center Ecosystem (ACCE) and facilities in Marietta, featuring WITBOX, HEATBOX, and USERBOX systems to enhance heat recycling efficiency.
SAI.TECH Global has signed an MOU with Green Agritech for the Canada Manitoba Site Project to establish a 1MW computing data center. The project will utilize SAI's waste heat recovery technology to recycle heat for onsite use, marking the company's entry into the Canadian sustainable computing market. SAI will partner with OCEC for facility development, share revenues and costs with Green Agritech, and secure miners for the data center.
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