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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.
SAI.TECH Global Corporation (NASDAQ: SAI, SAITW) reported a net loss of US$2.8 million for the six months ending June 30, 2022, compared to a loss of US$0.2 million in the same period last year. Total revenues decreased by 33% to US$5.4 million, with gross profits falling 47% to US$0.6 million. The decline is attributed to tightened regulations and fluctuations in cryptocurrency markets. Despite the downturn, the company introduced new liquid cooling infrastructure products and updated its SAIHUB App to enhance operations.
SAI.TECH Global Corporation (NASDAQ: SAI) announces its sponsorship of the 2022 Organization of Clean Energy and Climate (OCEC) Annual Conference on October 22, 2022, in London. The event assembles global experts to discuss strategies for tackling climate change. SAI.TECH, known for its energy-efficient bitcoin mining operations, emphasizes its commitment to sustainability. CEO Arthur Lee will join discussions on the computing industry's role in addressing climate challenges. SAI.TECH promotes ESG values through collaborations with academic and non-profit organizations.
SAI.TECH Global Corporation (SAI, NASDAQ: SAI) announced the receipt of the UL Listing certification for its product, SAIHUB CAB 025M, in the US and Canada. This certification by Underwriters Laboratories ensures compliance with safety standards, enhancing product credibility. SAI aims to leverage this certification for strategic expansion in North America and plans to collaborate with local industry players to promote its SAIHUB series in Bitcoin mining and heating industries. The certification marks a significant step towards sustainable energy efficiency in these sectors.
SAI.TECH Global Corporation (NASDAQ: SAI) has introduced two new products, TANKBOX and RACKBOX, to its SAIHUB BOX product line, enhancing their offerings for Bitcoin mining solutions. Both products utilize advanced cooling technologies and are designed for adaptable outdoor installation. TANKBOX supports 72-144 mining units with a hash rate of 12-20PH/s, while RACKBOX accommodates 90 liquid-cooling miners achieving 18-26PH/s. These innovations aim to improve energy efficiency and lower operational costs. SAIHUB products reflect SAI.TECH’s commitment to advancing sustainable Bitcoin mining practices.
SAI.TECH Global Corporation (NASDAQ: SAI) announced compliance of its SAIHUB CAB 025M product with UL (Underwriters Laboratories) standards following an Initial Production Inspection (IPI). The UL Listing certifies that the product meets specific safety requirements for industrial control equipment, ensuring its safety and longevity. CEO Arthur Lee expressed commitment to delivering high-quality products to the bitcoin mining and heating industry. This certification positions SAI.TECH favorably in the competitive market.
SAI.TECH Global Corporation (NASDAQ: SAI) has announced its sponsorship and participation in the 2022 Cryptocurrency Research Conference (CRC) in Durham, UK, on September 22-23, 2022. The event focuses on trends and ideas in cryptocurrency research. Arthur Lee, Founder and CEO, will join a panel discussion. SAI.TECH emphasizes its commitment to ESG practices and aims to bridge industry and academic efforts in cryptocurrency research. The company integrates energy-saving technologies into its bitcoin mining operations, promoting sustainable practices in the digital asset sector.
SAI.TECH Global Corporation (NASDAQ: SAI) has launched the SAIHUB APP 1.1, enhancing Bitcoin transactions with Lightning Network support. This development allows users to make and receive instant payments with minimal transaction fees. The app aims to improve user experience with additional features planned for the future, including messaging and Lightning Network lucky money. SAI.TECH focuses on energy-efficient Bitcoin mining, utilizing innovative cooling technologies. The Lightning Network has gained traction, doubling payments and increasing transaction value significantly in 2021.
SAI.TECH is hosting the first ‘Bitcoin Heat Day’ in New York City on August 9, 2022, in memory of Satoshi's 2010 prediction about Bitcoin's potential for waste heat recovery. The event will highlight innovations in Bitcoin mining and heating from 2:00-5:00 PM at 1 Hotel Central Park. CEO Arthur Lee will discuss advancements in liquid cooling and heat recovery technologies. The agenda features keynote speeches and a round table on ESG impacts, supporting SAI.TECH's commitment to sustainable Bitcoin mining.
SAI.TECH Global Corporation (NASDAQ: SAI) announced its sponsorship of the 2022 Euroheat & Power conference in Brussels, emphasizing its commitment to low carbon reforms in the heating industry. CEO Arthur Lee highlighted the vast potential for waste heat recovery in the EU, noting the company's advanced solution, SAIHUB, aimed at utilizing excess heat. SAI.TECH is focused on promoting renewable energy and reducing carbon emissions through innovative technology, having made significant investments in product development over the past two years.
SAI.TECH founder Arthur Lee has been recognized in the Forbes 30 Under 30 Asia Class 2022 for his innovative contributions to energy-efficient Bitcoin mining. This marks his second consecutive year on the prestigious list, having previously appeared in 2021. SAI.TECH's SAIHUB solution effectively reduces energy costs and carbon emissions, recovering 90% of waste heat and achieving a 38% decrease in power consumption for Bitcoin mining. The recognition reflects SAI.TECH's vision to drive clean energy solutions in the digital asset sector.
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