SAITECH is a Eurasia-based energy saving mining operator that engages in the hosting of bitcoin mining machines for its clients. SAITECH uses a proprietary liquid cooling and heat exchange technology towards mining machines that enables utilization of waste heat to provide recycled energy heating for potential customers while achieving lower mining operating costs. The Company strives to become the most cost-efficient digital assets mining operation company globally while simultaneously promoting the clean transition of the bitcoin mining industry. Accordingly, SAITECH believes it is categorized as energy saving amongst other bitcoin hosting operators based on its focus on recovering and applying waste energy in its operations. SAITECH also plans to commence bitcoin mining by the end of 2021.
SAITECH Limited, a Eurasia-Based Energy Saving Bitcoin Mining Operator to Become a Publicly Traded Company Via Merger with TradeUP Global Corporation
NEW YORK, Sept. 28, 2021 /PRNewswire/ -- SAITECH Limited ("SAITECH" or the "Company"), a Eurasia-based energy saving bitcoin mining operator that engages in the hosting of bitcoin mining machines for its clients, and TradeUP Global Corporation (Nasdaq: TUGC for Class A ordinary shares; TUGCU for units) ("TradeUP Global"), a publicly traded special purpose acquisition company, today announced that they have entered into a definitive business combination agreement that will result in SAITECH becoming a publicly listed company on NASDAQ under the new ticker symbol "SAI". The transaction values the Company, which generated revenue of approximately $8.0 million in the first half of 2021, at a pro forma equity value of $228 million.
SAITECH Mining Platform
SAIHEAT: Proprietary technology combining mining and heating together to reduce mining cost and reduce carbon emission
SAIWATT: To cooperate with power companies to utilize wasted energy sources for crypto mining
SAICHIP: To participate in smart energy saving chip design to improve operational efficiency
SAIBYTE: To provide full suite digital asset management cloud services to deliver efficiency, transparency, security and green promises
Our ESG Initiatives
SAI ESG Report 2021
SAI Carbon Footprint Report 2021
Our ESG Initiatives
As a player in supercomputing and crypto mining industry, we have the opportunity to harness the power of technology in order to create a more sustainable future. At SAI, we are committed to protecting the planet, connecting everyone to the benefits of the digital world and solving the problem of energy costs of computing.
SAI is dedicated to carbon neutrality and is involved with various international climate and environment organizations.
For investor enquiries, please email firstname.lastname@example.org.