The Buzz Surrounding SAI.TECH Global Corporation | Financial Buzz

The Buzz Surrounding SAI.TECH Global Corporation

About SAI.TECH Global Corporation

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.

The First Bitcoin Heat Day in New York City

SAI.TECH will host the first ‘Bitcoin Heat Day’ offline gathering event in New York City on August 9th, 2022.

Bitcoin Heat Day is in memory of Satoshi’s prediction about Bitcoin heat posted on https://Bitcointalk.org/ on August 9th,2010 –“Bitcoin generation should end up where it’s cheapest. Maybe that will be in cold climates where there’s electric heat, where it would be essentially free.

This prediction inspired SAI.TECH’s founder and CEO Arthur Lee to establish SAI.TECH who is dedicating to realize Satoshi’s vision. After 12 years from Satoshi’s predication, SAI.TECH now has become a leading industry player to reshape Bitcoin mining and heating industry with its unique capability that recovers over 90% of waste heat generated from mining chips, with its deep know-how and advanced technologies in liquid cooling.

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Featuring SAI.TECH Global Corporation

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Bitcoin Mining is Energy Transition in Nature

In Bitcoin mining, the biggest cost is electricity, 99% of which turns into wasted heat.

SAI is the game changer capable of maximizing the utilization of chip-generated wasted heat in energy intensive sectors.

At SAI, Bitcoin Mining is Sustainable and Carbon Neutral

  • With SAI’s patented liquid cooling and waste heat capture technology, 90% of the chip-generated heat is recycled to serve as a boiler.
  • SAI’s renewable energy-powered boilers best satisfy heating demands for residential, commercial, industrial and agricultural scenarios.
  • Replacing fossil-fueled boilers minimizes carbon emissions whilst maximizing clients’ profit margins.

North American Distribution Center in Ohio

SAIHUB – integrates four cost-efficient technologies

CAB – a better boiler for the heating industry

  • 90% of chip-generated heat can be recycled and utilized to serve as a boiler, satisfying heating needs for various scenarios, such as residential, agricultural, industrial sites.
  • CAB adopts liquid cooling and waste heat recycling technology to replace traditional fossil powered boilers. Thus, creating more sustainable infrastructure for mining.

BOX – a better battery for renewable sites

  • With the mobile plug-and-play mining cabinet acting as an on-demand battery, the Company can go anywhere to turn wasted and stranded power into digital assets.
  • BOX renewables utilization solution significantly reduces energy wastage whilst speeding up clients’ return on investment through Bitcoin income.

Recent Developments

August 8, 2022 - SAI.TECH Announces Major North American Distribution Center in Ohio

SAI.TECH Global Corporation (“SAI.TECH” OR “SAI” or the “Company”, NASDAQ: SAI), a global energy-saving Bitcoin mining operator and a clean-tech company that integrates Bitcoin mining, heating, and power industries announced that it will begin operations of its first computing power and heating project SAI NODE OHIO this month at its new North American Distribution Center in Chesterland, Ohio, US.

As named SAI NODE OHIO, this facility is centrally located in state of Ohio in US, a hub of traditional data center companies and operations in North America with rich clean power sources. In addition, it is located close to Canada, which is also a major country of fast growing Bitcoin mining industry in the global hash rate market. Starting from this month, the new distribution center will begin stocking parts and miners to support and accelerate SAI.TECH’s expansion plan in North American. In addition to parts warehousing, SAI.TECH plans to utilize this facility for final SAIHUB assembly and distribution, service headquarters, technical training operations, parts remanufacturing, collision repair etc.

 

In particular, this 30,000 square foot facility also built the first live SAIHUB demo project in United States, which can fully demonstrate the superiority and application scenarios of SAIHUB. There are already two SAIHUB-025M cabinets installed in this facility to provide hot water heating services for the entire facility through connecting to both fan-coil units and fin radiators. At the facility, it also constructed vertical agricultural black box and fish farming pond pools which will be heated by the hot water generated from SAIHUB cabinets, representing a variety of common heat application scenarios that the SAIHUB can easily plug-in and provide heating services to, including agriculture greenhouses, aquaculture facilities, and major types of buildings (residential/commercial/warehouse).

“We are thrilled to bring a live heating demo and an efficient operation facility to United States soil and proud that it will be in the state of Ohio,” said SAI.TECH’s founder and CEO Arthur Lee, “I want to specially thank our hard-working team. While we will continue to develop our existing facilities in Ohio as well as our business in North America, SAI NODE OHIO gives us a massive strategic lever to make sure we have advanced technique and practicality in our product with professional and efficient team, to support our continued growth for years and years to come.”

About SAIHUB

SAIHUB is SAI.TECH’s innovative integrated cabinet product which can help lower Bitcoin mining cost by providing steady hot water recycled from mining chips to other heating supply scenarios.

SAIHUB is equipped with patented liquid cooling technology which replaces hundreds of fans with circulation pumps in most traditional air-cooled miners to reduce chip cooling’s energy consumption and improve cooling reliability. It integrates manifold collectors that can simultaneously cool the operating chips and recover dissipated heat from these chips. Thanks to the Company’s patented liquid cooling and waste heat recovery technology, SAIHUB can utilize the great amount of undervalued waste heat generated from Bitcoin mining ASIC chips at 90% thermal efficiency to provide recycled energy in form of steady 60-70°C hot water outflow to a large scope of heating customers.

Each SAIHUB cabinet can accommodate 72 mining rigs and provide heat for a room space of 2,000-3,000 square meters or 20,000-30,000 square feet. SAIHUB is designed to be highly portable and transportable, easily connected to various existing hot water heating systems, and equipped with a full leakage protection switch and industrial PLC cloud real-time monitoring system.

Along with the hardware, SAI.TECH also launched SAIHUB APP which is designed to easily monitor and manage Bitcoin mining and heating operation simultaneously on users’ mobile phones, computers and smart devices. The SAIHUB APP open-sourced tool also integrates cold and hot wallet, supports keystone and PSBT multi-signature. With the SAIHUB APP, users can manage both of their mining operations and crypto assets. Users can search “SAIHUB” and download the APP from App Store and Google Play.

Aug. 03, 2022 - SAI.TECH To Host and Stream First Bitcoin Heat Day Events

AI.TECH Global Corporation (“SAI.TECH” OR “SAI” or the “Company”, 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 will host the first ‘Bitcoin Heat Day’ offline gathering event in New York City on August 9th, 2022.

About Bitcoin Heat Day

Bitcoin Heat Day is in memory of Satoshi’s prediction about Bitcoin heat posted on https://Bitcointalk.org/ on August 9th,2010 –“Bitcoin generation should end up where it’s cheapest. Maybe that will be in cold climates where there’s electric heat, where it would be essentially free.

This prediction inspired SAI.TECH’s founder and CEO Arthur Lee to establish SAI.TECH who is dedicating to realize Satoshi’s vision. After 12 years from Satoshi’s predication, SAI.TECH now has become a leading industry player to reshape Bitcoin mining and heating industry with its unique capability that recovers over 90% of waste heat generated from mining chips, with its deep know-how and advanced technologies in liquid cooling. 

SAI.TECH is honored to announce it will host the first ‘Bitcoin Heat Day’ gathering event during 2:00-5:00PM on Tuesday, August 9th at 1 hotel Central Park, 1414 6th Ave, New York, NY 10019.

Offline Gathering Event Agenda:

  • 2:00-2:15PM: Welcome Remark, by SAI.TECH CEO & Founder Arthur Lee. In addition, he will announce major corporate developments of SAI.TECH and advancements in SAI’s liquid cooling and heat recovery technologies and solutions.

  • 2:15-3:15PM: Keynote Speech:
    – A Deep Dive into Bitcoin Heat and its Recovery Potential
    – Major Bitcoin Heat Recovery Technologies and Players
    – Envision a World with Bitcoin Mining and Bitcoin Heat
  • 3:15-3:30PM: Tea Break
  • 3:30:4:30PM: Round Table: The ESG Impact of Bitcoin Heat Recovery, hosted by SAI.TECH ESG Director Suwan Long
  • 4:30-5:00PM: Guests Networking

“The energy consumption of Bitcoin mining has always been a controversial topic,” said Arthur Lee, Founder and CEO of SAI.TECH, “The mission of SAI is to provide innovative technologies and solutions to lead a future of sustainable Bitcoin mining by integrating three traditional industries with our unique capability, pushing forward the progress of a better world with Bitcoin and Bitcoin heat. With such vision in mind, we are looking forward to meeting you in New York to share with you the most updated news and analysis on global chip heating innovation, discuss how the industry can collaborate to make a real difference.”

Along with the offline gathering, SAI.TECH is also organizing a series of online discussion panels with major Bitcoin mining industry players, stakeholders, scholars, and investors to discuss the future of sustainable Bitcoin mining and its waste heat recovery potential.

For more information of both the offline gathering event and online discussion panels, please follow the Bitcoin Heat Day featured Twitter account:@Bitcoinheatday. To sign up for the Bitcoin Heat Day events, please click Bitcoin Heat Day Sign up to submit registration form and get updates.

June 21, 2022 - SAI.TECH Announces Silver Sponsorship of the 2022 Euroheat & Power Annual Conference

SAI.TECH Global Corporation (“SAI.TECH” or the “Company”, NASDAQ: SAI) today announced its sponsorship and attendance of the 2022 Euroheat & Power (EHP) annual conference, to be held in Brussels, Belgium, from June 21-22, 2022. The EHP Annual Meeting brings together policy, industry, and research to think about how District Heating & Cooling (DHC) can be the best version for years to come and contribute to meeting climate and energy goals. As a silver sponsor, SAI.TECH will support the smooth progress of the conference in many ways.

SAI.TECH joined EHP as an active member in 2022. SAI.TECH has been committed to supporting low carbon reforms in the heating industry. The company is also proud to support the EHP Annual Meeting in the company’s first year as a member, looking forward to strengthening the relationship with the heating industry in the EU.

“We see Euroheat & Power and its members as incredible ambassadors for reducing carbon emissions in the heating industry, and we are proud to support the association’s mission to connect, influence and advance the DHC industry towards its climate and energy goals,” Arthur Lee, CEO of the company said. “We see massive opportunities for innovative solutions to complex challenges within the industry, especially in waste heat utilization. The EU generates enough waste energy to heat the EU’s entire building stock. Despite the huge potential, there are only a few small-scale examples of urban waste heat recycling across the EU. SAI.TECH’s goal is to use an advanced, modular and replicable solution – SAIHUB – to drive the recovery and reuse of excess heat from chips for heating.”

“We have invested heavily in products and technology over the past two years, launching new products and updates across its portfolio better to meet the decarbonization needs of the modern heating industry,” Arthur Lee said. “50% of the world’s energy consumption is directly or indirectly related to the heating industry. SAIHUB exists at the intersection of the heat, power, and computing industries, promotes renewable energy deployment through the use of clean energy, and recycles waste heat to reduce electricity consumption and carbon emissions in the heating industry, thereby solving heat, power, and computing power issues regarding carbon emissions.”

The company is increasing its involvement across the industry, and in addition to Euroheat & Power (EHP), SAI.TECH is also a member of the International District Energy Association (IDEA). IDEA is a nonprofit industry association founded in 1909 to facilitate the exchange of information among district energy professionals. The headquarter of IDEA is in Westborough, Massachusetts, the United States.

Please find more information about the 2022 Euroheat & Power Conference here: https://www.euroheat.org/2022-euroheat-power-conference.html.

June 09, 2022 - SAI.TECH CEO Arthur Lee Selected into the Forbes 30 Under 30 Asia of 2022

Forbes magazine officially announced the Forbes 30 Under 30 Asia Class 2022 recently – For his contributions to innovative Bitcoin mining and energy-saving solutions, Arthur Lee, the 28-year-old founder and CEO of SAI.TECH has made this year’s Forbes 30 Under 30 Asia honorees under the Industry, Manufacturing, and Energy section. Arthur was previously selected to the Forbes 30 under 30 China list in 2021, making this his second consecutive year to be mentioned on the list.

Bitcoin mining has always been controversial for the high energy consumption involved in its mining process. According to the data from CCAF (Cambridge Centre for Alternative Finance), as of April 21, 2022, the annual power consumption of global Bitcoin mining is about 137.36TWh (1TWh=10^9 kWh), which exceeds that of Sweden. Therefore, how to better solve the energy consumption problem while ensuring the stable operation of the Bitcoin network has become a significant problem facing by the industry. Having realized this issue in 2019, Arthur and his team introduced the SAIHUB solution to reduce the energy costs and carbon emissions in Bitcoin mining.

The SAIHUB solution aims to save energy costs and carbon emissions from mining activities. It innovatively combines liquid cooling technology and waste heat recovery technology together, recovers 90% of the waste heat generated from data centers while providing reliable hot water to other applications. In return, the waste heat sales income could effectively lower the energy cost of data center operations. Over the past 3 years, the solution has evolved from being able to serve small-scale residential houses to greenhouses and shopping malls. The latest SAIHUB 3.0 solution provides integrated computing, power, and heating services for over 100,000m² installations. Results from pilot projects prove SAIHUB can reduce 38% power consumption cost of Bitcoin mining while simultaneously lowering 37% carbon emissions, compared to separate operation of traditional coal boiler for heating and air-cooling mining rigs for generating bitcoin.

This year’s Forbes 30 under 30 honorees represent forward-thinking visionaries redefining the future of business and society in Asia through determination, innovation, and diligence. Over 4,000 nominees applied to be on this year’s list, and the final 300 were selected and vetted by Forbes’ reporters and a group of respected judges, including some of the most active venture capitalists and successful business leaders in the region.

To view more details about the Forbes 30 Under 30 Asia of 2022, please visit https://www.forbes.com/30-under-30/2022/asia/industry-manufacturing-energy

May 26, 2022 - SAI.TECH Launches All-in-one Management Tool "SAIHUB" APP

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, recently launched its “all-in-one” cloud management software SAIHUB APP in the App Store, which provides SAIHUB users an integrated solution for tracking their bitcoin assets, energy consumption, and bitcoin mining information.

The SAIHUB APP features three main functions: bitcoin asset management, energy management, and mining management. The APP displays various real-time information for energy management and allows users to monitor power consumption and heating status conveniently. The APP also integrates mining management and provides users access to mainstream mining pools and blockchain browsers, removing the need to download any additional apps or browsers.

Moreover, SAIHUB APP delivers a one-stop bitcoin asset management platform for SAIHUB users to manage their bitcoin assets on their mobile phones. The APP contains a decentralized wallet for bitcoin asset management, which is open-sourced, supporting keystone and PSBT protocols. The app is also compatible with mainstream cold wallet products, allowing users to store their bitcoin in a “safe deposit box.”

Before the SAIHUB APP, users used several service tools to manage their bitcoin information. Obtaining the real-time computing power of mining machines through a web browser was cumbersome due to a lack of an integrated solution.

“Previously, miners needed to obtain information through different channels and apps, but with the SAIHUB APP, you don’t need to download any other browsers or apps,” said Arthur Lee, the CEO, and founder of SAI.TECH. “By providing users with real-time updates on asset information, mining pool dynamics, and energy consumption status, users can easily monitor their bitcoin income and manage their mining activities simultaneously. Besides, keeping temperature stable and healthy is vital for ASIC chips’ operation and mining output. On most occasions, miners can not estimate the depreciation of their mining machines under unstable temperature conditions. However, the APP allows users to monitor their SAIHUB mining datacenter’s onsite status, including both energy and heating operation parameters, which predictably improves the sustainability of their investment in bitcoin mining.”

For more details and to download the SAIHUB APP, please visit App Store.
For viewing the source code, please visit https://github.com/SAITECH-GLOBAL.

March 28, 2022 - SAITECH Joins Two International District Heating Associations: Euroheat & Power (EHP) and The International District Energy Association (IDEA)

SAITECH Limited (“SAITECH” or the “Company”), an energy-saving bitcoin mining operator and a clean-tech company that integrates bitcoin mining, heating and power industries, headquartered in Singapore, today announced it has joined two nonprofit international district heating associations, including Euroheat & Power (EHP) which is headquartered in Brussels, Belgium, and the International District Energy Association (IDEA) which is headquartered in Westborough, Massachusetts of the United States. Both organizations have extensive experience and network in global district heating and cooling associations, leading energy and energy service companies, utilities operators, equipment manufacturers and suppliers, universities, research institutes and consultancies who are actively promoting sustainable heating & cooling and decarbonization of this sector.

EHP is one of the major heating and power industry associations in Europe and has over 130 membership organizations including most energy and energy service key players across European countries, such as ENGIE (France), E.ON (German), Vattenfall (German), Fortum (Finland), SVP (Netherlands), VEKS (Denmark), Alperia (Italy), and world leading heating & cooling equipment engineering and manufacturer groups such as Siemens (Switzerland), ABB (Denmark), Danfoss (Denmark), Uponor (Finland), Vexve (Finland), Veolia (France) etc. EHP is in active dialogue with EU energy policy makers and advises its members on all relevant EU policy developments and work to drive forward the sustainable heating and cooling in Europe and beyond.

IDEA is a nonprofit industry association founded in the United States in 1909. It has a membership of over 2,400 industry professionals representing more than 30 countries around the world and from across the district energy industry. IDEA leads the members’ efforts on providing reliable, economical, efficient, and environmentally sound district heating, district cooling, and combined heat and power. Its membership organizations have covered most leading heating & cooling equipment manufacturers, utility companies, campus energy systems, and service providers specially in the United States and Canada, including AB Holdings, AECOM, Aecon Utilities, Akron Energy Systems, Archaea Energy, Cummins, Daikin Applied, Johnson Controls, NextEra Energy Resources, Siemens Energy, Unison Energy, Veolia North America, Vicinity Energy etc.

“We are excited to join the membership of these two reputable and influential global district heating organizations,” said Mr. Arthur Lee, Founder and CEO of SAITECH. “An overlooked fact is that heating is actually the world largest energy end-user consuming almost 50% of global final energy, which is significantly more than electricity (20%) and transport (30%). It also produces 40% of global carbon dioxide emissions. The emerging high-performance computing (HPC) datacenters, with Bitcoin mining as the fastest growing type, brings both challenges and opportunities to players in traditional heating & cooling and power industries globally and we look forward to share with them our innovative SAIHUB CAB which offers a negative Green Premium solution that can truly drive forward the heating industry’s decarbonization.”

SAITECH expects to collaborate with global leading energy and energy service companies, utilities operators, heating equipment manufacturers, universities and research institutes with support from the two organizations to promote clean heating with Bitcoin’s innovation and SAITECH’s liquid cooling expertise. On March 16, 2022, the Company announced to stream its first annual corporate event SAI TIME 2022 virtually on March 30, 2022 to introduce key features of SAIHUB 3.0 — the Company’s integrated solutions and products that are being launched in the global bitcoin mining, heating and power markets to improve energy efficiency across the three industries. For more information or registration of the event, please visit https://sai.tech/sai-time-2022/

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