SAIHEAT Announces Joining 1CP Program to Optimize Energy Costs for Bitcoin Mining

Rhea-AI Summary

SAIHEAT (NASDAQ: SAIH) has announced its participation in the 1CP (AEP's Critical Peak) program, aimed at optimizing electricity costs for energy-intensive operations. The program, modeled after AEP Ohio's Basic Transmission Cost Rider pilot program, allows interval-metered customers to have their demand-based BTCR charges calculated based on load during critical peak periods instead of monthly billed demand.

This strategic initiative enables SAIHEAT to potentially reduce operational expenses through more efficient energy pricing structures and strategic power consumption management during peak demand hours, supporting the company's goals in sustainable and cost-effective Bitcoin mining and high-performance computing operations.

Positive

• Potential reduction in operational costs through optimized energy pricing
• Strategic management of power consumption during peak demand periods
• Enhanced cost efficiency for Bitcoin mining operations

Negative

• None.

SINGAPORE, March 27, 2025 (GLOBE NEWSWIRE) -- SAIHEAT Limited (f/k/a SAI.TECH Global Corporation) (“SAIHEAT” or the “Company”) (NASDAQ: SAIH, SAITW), is pleased to announce its participation in the 1CP (AEP’s Critical Peak) program, a strategic initiative designed to reduce electricity costs for energy-intensive industries. This initiative aligns with SAIHEAT’s mission to enhance operational efficiency and sustainability in the digital asset sector.

The 1CP program is modeled after The AEP Ohio Basic Transmission Cost Rider (BTCR) pilot program, approved by the Public Utilities Commission of Ohio (PUCO) as part of Electric Security Plan V (ESP V). This program enables select interval-metered customers to have their demand-based BTCR charges calculated based on their load during AEP’s critical peak (1CP) instead of their monthly billed demand. By shifting demand-based charges to critical peak periods, qualified participants can optimize energy costs and improve overall profitability.

By joining the 1CP program, SAIHEAT could gain access to a more cost-efficient energy pricing structure, allowing the company to strategically manage its power consumption during peak demand hours. This initiative is expected to lower operational expenses and further enhance SAIHEAT’s position as an industry leader in sustainable, cost-effective mining and high-performance computing.

About SAIHEAT

SAIHEAT Limited (Nasdaq: SAIH) is a computing and energy operator dedicated to accelerating the realization of Sustainable Augmented Intelligence. Its computing division offers BTC joint computing power and AI cloud computing services, while its energy division provides liquid-cooled computing centers and small modular nuclear products.

Formerly known as SAI.TECH Global Corporation, SAIHEAT became a publicly traded company on the Nasdaq Stock Market (NASDAQ) through a merger with TradeUP Global Corporation in May 2022. For more information on SAIHEAT, please visit https://www.saiheat.com

Safe Harbor Statement

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe”, “expect”, “anticipate”, “project”, “targets”, “optimistic”, “confident that”, “continue to”, “predict”, “intend”, “aim”, “will” or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that may be deemed forward-looking statements. These forward-looking statements include, but not limited to, statements concerning SAIHEAT and the Company’s operations, financial performance, and condition are based on current expectations, beliefs and assumptions which are subject to change at any time. SAIHEAT cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors such as government and stock exchange regulations, competition, political, economic, and social conditions around the world including those discussed in SAIHEAT’s Form 20-F under the headings “Risk Factors”, “Results of Operations” and “Business Overview” and other reports filed with the Securities and Exchange Commission from time to time. All forward-looking statements are applicable only as of the date it is made and SAIHEAT specifically disclaims any obligation to maintain or update the forward-looking information, whether of the nature contained in this release or otherwise, in the future.

Media Contact
pr@saiheat.com

Investor Relations Contact
ir@saiheat.com

FAQ

What is the 1CP program that SAIH has joined?

The 1CP program is AEP's Critical Peak initiative that allows customers to have demand-based charges calculated on critical peak load instead of monthly billed demand, potentially reducing electricity costs.

How will the 1CP program benefit SAIH's Bitcoin mining operations?

The program enables SAIHEAT to optimize energy costs by strategically managing power consumption during peak hours, potentially lowering operational expenses for mining operations.

What regulatory body approved the program SAIH is participating in?

The Public Utilities Commission of Ohio (PUCO) approved the program as part of Electric Security Plan V (ESP V).

How does SAIH's participation in 1CP align with its business strategy?

It aligns with SAIHEAT's mission to enhance operational efficiency and sustainability in the digital asset sector through cost-effective energy management.