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

press release {/netabare}

PRESS RELEASE SAITECH(SAI for short), a Singapore-based clean energy and computing business, saw its share price soar last Friday. SAI’s share price rose to a high of $7.4 on the day, up 387% from the previous day’s share price. The closing price was $4.9, also up 222.3% from the previous day. Based on the closing price, the company’s market value was $111 million. SAI’s turnover and trading volume were both very high on the day, indicating investor enthusiasm for SAI.

Arthur Lee, SAI’s CEO, stated on Twitter and wrote, “Actually,…BTCmining has always led HPC developments and faces cooling challenges, as does AI computing with the best chips. That’s why $SAI has developed a liquid cooling and heat reuse system designed for all types of future chips to make computing sustainable and ESG friendly.”

SAI is a global computing operator and clean energy technology company that horizontally integrates the computing, thermal and power industries SAI employs proprietary liquid cooling and waste heat recovery technology to operate digital asset computing infrastructure SAI employs proprietary liquid cooling and waste heat recovery technologies to provide clean thermal energy services to potential customers while reducing costs.

Going forward, SAI will focus on providing comprehensive solutions for clean energy generation from software to hardware for the computing industry to recover and reuse the heat generated by bitcoin mining. These clean energy solutions are envisioned to provide heating in a variety of settings, from computing chips to HPC high-performance computers, data center infrastructure construction, and the design and implementation of data center liquid cooling and waste heat utilization schemes.

SAI believes that data center heating will be an important transformation of future urban energy systems towards green and sustainable clean energy development. Currently, SAI’s high-performance computing and mining machines are successfully providing heat for several pilot projects, including agricultural greenhouses, shopping malls, and office buildings, and last year SAI established its first computing power center in Ohio, USA, for growing vegetables and fruits The company has also established its first computing power center for vegetable and fruit growing in Ohio, USA.

In May 2022, SAI completed its merger with SPAC (Special Purpose Acquisition Company) TradeUP Global Corporation (TUGCU) and began trading on NASDAQ in the U.S. SAI became the first chip heating stock; it is also the first chip heating stock to be listed on NASDAQ.

Arthur Lee once said in a media interview that SAI strives to be the “Tesla” of clean computing and help reduce the carbon footprint in society. He hopes that SAI will bring disruptive change, especially to the bitcoin mining industry.

September 2022, Arthur Lee was interviewed by NASDAQ and shared his story. He studied energy and environmental systems engineering at Zhejiang University. Lee believes that many industries, including the computing industry, have high demands for energy. He firmly believes that solving heat dissipation and using chips to solve heating problems is the direction where real value can be added.After Lee accidentally got involved in the bitcoin industry, he dropped out of school to focus on developing thermal applications of computing power, especially as it relates to bitcoin mining. He decided to do just that. It took him three years to lead SAI.TECH to a NASDAQ listing.

In April 2023, SAI will host SAITIME 2023 as an online live streaming event at SAI’s Annual General Meeting, where SAI will announce its newly upgraded product line, progress on key projects, and future strategic development plans. SAITIME 2023 will feature.

SAI has always been committed to research and innovation in the computer industry and has made significant contributions to leading industry innovation and development, including clean energy,BTC, AI, HPC

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