$SAI’s Skyrocket on Friday Shows Enormous Potential in Bitcoin Heating

PRESS RELEASE. SAITECH Limited (SAI for short), a cleanable vigor and computing relation based successful Singapore, saw a surge successful its banal terms past Friday. The highest summation successful SAI’s banal terms connected that time was $7.4, a 387% emergence from the erstwhile day’s price. The closing terms of the banal was $4.9, inactive up 222.3% from the erstwhile day. Based connected the closing price, the company’s marketplace worth was $111 million. The turnover complaint and trading measurement of SAI connected that time were some precise high, which showed enthusiasm among investors astir SAI.

Arthur Lee, CEO of SAI, stated connected Twitter, “Actually, BTC mining ever leads the improvement of HPC, conscionable similar AI computing, who uses the champion chips and faces cooling challenges. That’s wherefore $SAI developed a liquid cooling and vigor reuse strategy designed for each kinds of chips successful the future, to marque computing sustainable and ESG-friendly.”

SAI is simply a planetary computing relation and cleanable vigor exertion institution that horizontally integrates the computing, thermal, and powerfulness industries. SAI adopts exclusive liquid cooling and discarded vigor betterment exertion to supply imaginable customers with cleanable thermal vigor services portion reducing the operating costs of integer plus computing infrastructure.

In the future, SAI volition absorption connected providing a broad solution for cleanable vigor instauration from bundle to hardware for the computing manufacture to seizure and reuse the vigor generated by Bitcoin mining. These cleanable vigor solutions volition see everything from computing chips to HPC high-performance computers and information halfway infrastructure operation to the plan and implementation of information halfway liquid cooling and discarded vigor utilization schemes to supply heating for assorted settings.

SAI believes that information halfway heating volition beryllium an important translation of aboriginal municipality vigor systems toward greenish and sustainable cleanable vigor development. Currently, SAI’s high-performance computing mining machines person been palmy successful providing vigor successful aggregate aviator projects, which see cultivation greenhouses, buying malls, and bureau buildings, and SAI established the archetypal computing powerfulness halfway successful Ohio, USA, past twelvemonth for rootlike and effect planting.

In May 2022, SAI completed a merger with SPAC (Special Purpose Acquisition Company) TradeUP Global Corporation (TUGCU) and began trading connected the NASDAQ successful the United States. SAI became the archetypal spot heating stock.

Arthur Lee erstwhile said successful an interrogation with the media that SAI strives to go the “Tesla” of cleanable computing and assistance trim c emissions successful society. He hopes that SAI tin bring disruptive changes to the Bitcoin mining industry, particularly regarding cleanable computing and vigor discarded caused by Bitcoin mining, conscionable similar Tesla successful the automotive industry, and marque the industry’s underlying infrastructure determination towards a cleaner and much businesslike direction.

In March 2022, SAI launched its archetypal SAITIME yearly firm conference, streamed unrecorded online, introducing the company’s halfway doctrine and organizational operation to the public. At the conference, SAI projected the integration program SAIHUB, which is positioned to beforehand the greenish and businesslike translation of the computing industry, arsenic good arsenic its first-generation discarded vigor betterment computing instrumentality and software.

In August of the aforesaid year, SAI held its first-ever Bitcoin Heat Day successful New York, and Arthur Lee delivered a keynote code connected Bitcoin thermal energy. The contented chiefly included the immense imaginable the Bitcoin heating marketplace tin person connected cleanable vigor accumulation and besides exertion scenarios helium envisioned, specified arsenic cultivation greenhouses from the position of planetary thermal vigor request and vigor structure. Lee besides explained however SAI.TECH’s SAIHUB products supply energy-saving solutions for Bitcoin mining and heating, arsenic good arsenic palmy heating script objection projects (agricultural greenhouses, commercialized buildings, etc.).

In the aforesaid month, SAI announced its archetypal energy-efficient computing halfway task successful North America – SAI NODE OHIO, which successfully landed successful Chesterland, Ohio, USA. It volition service arsenic a heating objection tract to showcase SAIHUB’s large-scale, cleanable vigor heating capabilities to the public. At the aforesaid time, the tract volition go SAI.TECH’s operational office successful North America.

In September 2022, Arthur Lee gave an interrogation with NASDAQ, during which helium told his story. He studied vigor and biology systems engineering astatine Zhejiang University. Lee believes that galore industries, including the computing industry, person a precocious request for energy. He firmly believes that solving vigor dissipation for chips and utilizing chips to lick heating problems is the absorption that genuinely adds value. After Lee accidentally got progressive successful the Bitcoin industry, helium made up his caput to driblet retired of schoolhouse and give himself to the improvement of vigor utilization successful computing power, particularly related to mining Bitcoin. It took him 3 years to pb SAI.TECH to successfully database connected NASDAQ.

In April 2023, astatine the SAI yearly conference, SAITIME 2023 volition beryllium held successful an online live-streaming event. SAI volition denote its recently upgraded merchandise line, large task progress, and aboriginal strategical improvement plans.

SAI has ever insisted connected probe and innovation successful the computing manufacture and has made important contributions to starring innovation and improvement successful industries including cleanable energy, BTC, AI, and HPC.

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