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SAI.TECH Global Corp is an energy-saving mining operator that engages in the hosting of Bitcoin mining machines for its clients. The company utilizes a proprietary liquid cooling and heat exchange technology for mining machines, allowing for the recycling of waste heat to provide energy heating. With four segments including equipment sales, hosting, mining pool business, and mining, SAI.TECH focuses on innovation, sustainability, and cost efficiency.
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SAI.TECH Global Corporation (NASDAQ: SAI, SAITW) reported unaudited financial results for the six months ended June 30, 2023. Total revenues decreased by 44% to US$ 3.0 million, gross profits decreased by 70% to US $0.2 million, and net losses increased to US$3.7 million, attributed to tightened regulation on crypto mining businesses and cryptocurrency market fluctuations. Despite this, SAI.TECH has powered up its U.S. R&D Center SAI NODE Marietta and OCEC Computing Heat Recycle Technology Development Center, and focused on developing innovative liquid cooling technologies for energy-saving clean bitcoin mining operations.
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SAI.TECH Global Corporation announces adoption of shareholder proposals at AGM
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SAI.TECH begins development of containerized data center with liquid cooling capabilities
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SAI.TECH Global Corporation begins research and production of containerized data center with immersive liquid cooling capabilities.
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SAI.TECH Global Corporation announced the successful completion of its 2nd 'Bit Heat Day' at SAI NODE Marietta in Ohio. The event showcased the SAI U.S. R&D Center and the OCEC Computing Heat Recycle Technology Development Center. Key speakers highlighted the potential of computer heat recycling technology in achieving carbon-neutral objectives and its benefits for various industries. The event was attended by industry experts, government officials, and media outlets.
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SAI.TECH Global Corporation will hold its annual general meeting (AGM) virtually on September 6, 2023. Shareholders are encouraged to vote in favor of the proposals set forth in the Notice of AGM. The AGM will be accessible at www.virtualshareholdermeeting.com/SAI2023. Holders of record of ordinary shares as of July 27, 2023, are eligible to attend and vote.
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SAI.TECH Global Corporation's subsidiary, Boltbit Limited, will participate in The Ethereum Community Conference (EthCC) side event party in Paris. Boltbit will contribute as a keynote speaker and introduce its in-development all-in-one application 'SATX'.
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SAI.TECH subsidiary, HEATNUC, secures seed financing from JIUDE Capital to accelerate team building process.
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SAI.TECH Global Corporation's CFO and Director of Strategy and Investments have been invited to present at the Bitcoin Mining Virtual Conference. The conference will discuss challenges in the cryptocurrency landscape, including bankruptcies, cyber-attacks, and regulatory changes.
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FAQ
What is the current stock price of SAI.TECH Global Corporation Warrant (SAITW)?
The current stock price of SAI.TECH Global Corporation Warrant (SAITW) is $0.0406 as of September 5, 2024.
What is SAI.TECH Global Corp known for?
SAI.TECH Global Corp is known for being an energy-saving mining operator that hosts Bitcoin mining machines for clients.
What technology does SAI.TECH use for mining machines?
SAI.TECH utilizes proprietary liquid cooling and heat exchange technology for its mining machines.
How many segments does SAI.TECH have?
SAI.TECH has four reportable segments: equipment sales, hosting, mining pool business, and mining.
What is the focus of SAI.TECH?
SAI.TECH focuses on innovation, sustainability, and cost efficiency in its operations.
What recent achievement did SAI.TECH announce?
SAI.TECH announced a major scale-up of its SAI NODE Marietta facility with additions of Bitcoin mining machines and improvements in liquid cooling and heat recycling technology.
What partnership did SAI.TECH establish with Green Agritech Ltd?
SAI.TECH signed a Memorandum of Understanding with Green Agritech Ltd for the Canada Manitoba Site Project and the intention of establishing a Joint Venture for future cooperation.
What market did SAI.TECH enter through the Project with Green Agritech Ltd?
The Project with Green Agritech Ltd marks SAI.TECH's entry into the Canadian market of sustainable computing demonstrated by computing waste heat recycling.
What is the mission of Green Agritech Ltd?
Green Agritech Ltd combines cryptocurrency mining with a commitment to environmental sustainability and greenhouse agriculture, aiming to drive the evolution of cryptocurrency mining into a greener and more environmentally responsible venture.
Where is Green Agritech Ltd's headquarters located?
Green Agritech Ltd's parent company, NewDecade PowerTech Ltd., has its headquarters in Vancouver and operates as an investment enterprise.
What renewable energy sources does Green Agritech Ltd utilize?
Green Agritech Ltd utilizes renewable energy sources such as solar, wind, and hydroelectric power to power their mining operations and contribute to greenhouse agriculture.
SAI.TECH Global Corporation Warrant
Nasdaq:SAITW
SAITW Rankings
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24.04M
Capital Markets
Services-computer Processing & Data Preparation
United States of America
NEW YORK