SAI.TECH Announces Deployment of 420 Bitcoin Mining Machines in Mexico
SAI.TECH Global Corporation (NASDAQ: SAI), a bitcoin mining and clean-tech company, has secured a hosting service agreement for 420 newly purchased Whatsminer M30s++ machines in La Pechuga, Mexico. The machines have been operational since March 11, 2023, boosting the company's total operational hash rate capacity by 43.68 PH/s while only consuming approximately 1.35 MW of power, showcasing their power efficiency of 31W/T. CEO Arthur Lee expressed excitement over the expansion, emphasizing the company's commitment to sustainable energy practices. SAI.TECH aims to enhance its market position through increased mining capacity and strategic collaborations.
- Increased total operational hash rate capacity by 43.68 PH/s.
- Only approximately 1.35 MW of power consumption, indicating high efficiency.
- Successful deployment of 420 Whatsminer M30s++ machines since March 11, 2023.
- None.
SINGAPORE, March 13, 2023 (GLOBE NEWSWIRE) -- SAI.TECH Global Corporation ("SAI.TECH" OR "SAI," NASDAQ: SAI), a global energy-saving bitcoin mining operator and a clean-tech company that integrates bitcoin mining, heating, and power industries, today announced that it has entered into a hosting service agreement for hosting its newly purchased 420 Whatsminer M30s++ bitcoin mining machines in La Pechuga, Mexico.
Sustainable Available Innovative Limited, a British Virgin Islands company, a subsidiary indirectly owned by SAI.TECH Global Corporation, has entered into a hosting service agreement with its data center service provider in La Pechuga, Mexico, to deploy its previously purchased 420 new Whatsminer M30s++ bitcoin mining machines. These mining machines have been fully plugged in and operating at their full capacity since March 11, 2023.
With the full deployment of the 420 Whatsminer M30s++ bitcoin mining machines, SAI.TECH estimates its total operational hash rate capacity has increased by 43.68 PH/s but will only load approximately 1.35 MW of power thanks to the machines' extraordinary power efficiency of 31W/T.
"As a global energy-saving clean-tech bitcoin mining operator, we are thrilled to announce our mining capacity increase in Mexico,” said Arthur Lee, Founder and CEO of SAI.TECH. "We'll keep updating our bitcoin mining operation in Mexico while exploring more cooperation opportunities globally for our accelerated expansion in the industry."
About SAI.TECH
SAI.TECH is an energy-saving bitcoin mining operator and a clean-tech company that integrates the bitcoin mining, power, and heating industries. SAI.TECH uses proprietary liquid cooling and waste heat recovery technology for its digital asset mining machines, utilizing waste heat to provide recycled energy and heating to potential customers while lowering mining operating costs. SAI.TECH strives to become the most cost-efficient digital asset mining operations company globally while simultaneously promoting the clean transition of the bitcoin mining, power, and heating industries.
In May 2022, SAI became a publicly trading company under the new ticker symbol “SAI” on the Nasdaq Stock Market (NASDAQ) through a merger with TradeUP Global Corporation ("TradeUP").
For more information on SAI.TECH, please visit https://sai.tech/.
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