Tillkännagivande • Nov 18
SAIHEAT Limited Secures Patent for Waste Heat Recovery System and Method, Deepening in Chip Cooling Waste Heat Recovery Field and Empowering Green Development and R&D Upgrade with Technological Innovation SAIHEAT Limited announced that it has secured the patent for "Waste Heat Recovery System and Method". This innovation focuses on the waste heat recovery and utilization field, aiming at the industry pain point where mainstream server or chip cooling solutions directly discharge a large amount of heat carried by the cooling medium, resulting in significant energy waste. This innovation innovatively constructs a system architecture consisting of a heat generation end, a waste heat utilization end, a cooling end, and a control end, where the control end precisely adjusts the distribution ratio of the heat carried by the cooling medium between the waste heat utilization end and the cooling end by changing the opening degrees of the two valves, realizing the efficient recovery and utilization of waste heat from the heat generation end and greatly improving energy utilization efficiency. SAIHEAT has always positioned technological innovation as its core strategy, increasing research and development (R&D) investment and building a professional R&D team to achieve technological breakthroughs in cutting-edge fields such as waste heat recovery. The grant of this patent stands as compelling evidence of SAIHEAT's efforts to reduce energy waste and carbon emissions through waste heat recovery, contributing to green and low-carbon development and fulfilling its ESG responsibilities. Going forward, SAIHEAT will continue to deepen technological research and development, constantly enhance its technical capabilities, leverage innovation to drive improvements of energy utilization efficiency in the industry, and contribute greater corporate value toward its ESG responsibilities. Tillkännagivande • Jun 02
IAEA Approves SAIHEAT as Official SMR Vendor SAIHEAT Limited announced that the International Atomic Energy Agency (“IAEA”) has officially approved SAIHEAT as a vendor of small modular reactors (“SMRs”), endorsing the conceptual design and reactor description submitted by the Company. This approval marks a significant advancement in SAIHEAT’s SMRs business line and is based on an innovative reactor plant design rooted in decades of proven experience with transportable nuclear power solutions. The approved SMRs concept leverages established technologies and globally recognized materials to meet modern safety standards, regulatory requirements, and efficiency expectations. The SMRs plant features an integral reactor design, ensuring compactness, reduced radiation exposure, and enhanced safety through minimized pressurized coolant interfaces. The unit is intended for deployment in ground-based SMRs power stations, integrating core systems such as the reactor, steam turbine generator, and automated control and protection systems. This concept uniquely positions SAIHEAT to power next-generation digital infrastructure — particularly data centers — with clean, reliable, and scalable nuclear energy. The reactor core’s design and material composition have been optimized for long campaign cycles, while all primary circuit components are housed in a sealed safety containment to localize potential radioactive releases. In addition, the SMRs plant is equipped with robust safety systems, including: Emergency Cooldown System (ECS)Emergency Reactor Cooling (ERC)Absorber input for emergency shutdown, Overpressure prevention systems, Multi-layer containment and protective structures, and Dedicated cooling systems for equipment safety. This recognition by the IAEA paves the way for future global deployment of SAIHEAT’s SMRs technology and reinforces the company’s commitment to sustainable, secure, and innovative nuclear power solutions. Tillkännagivande • May 15
SAIHEAT Limited Secures Patent for Innovative Control Rod Drive Mechanism in Small Modular Reactor Technology SAIHEAT Limited announced it has received the Invention Patent Authorization Notice for its proprietary "Control Rod Drive Mechanism for Small Modular Pressurized Water Reactors (SMRs). This breakthrough innovation enhances core activity control in next-generation SMRs through a compact design, superior precision, and robust reliability, significantly improving operational safety and flexibility in nuclear power plants. The patent underscores SAIHEAT's leadership in advanced nuclear core technologies and strengthens its intellectual property portfolio, positioning the Company to accelerate SMR industrialization and global deployment. SAIHEAT will advance the engineering application of this technology across domestic and international markets, supporting the transition to autonomous, sustainable nuclear energy solutions and advancing global clean energy initiatives. Tillkännagivande • Nov 15
Saiheat to Announces Saiheat Base Plan 2029 on Bit Heat Day SAIHEAT Limited unveil the SAIHEAT BASE PLAN 2029, an ambitious initiative delivering integrated energy services for the nextgen data centers. Addressing the high energy demands and carbon footprint of data centers, the BASE Project combines cutting-edge technologies for sustainable power generation, efficient energy usage, and comprehensive heat recycling in every step. The BASE PLAN 2029 embodies SAIHEAT’s commitment to Energy Defined Nextgen Computing Centers, emphasizing renewable nuclear energy sources, efficient chip performance, and advanced energy recycling. Through the plan 2029, SAIHEAT aims to establish new standards in energy sustainability, operational resilience, and environmental responsibility, driving the future of high-performance, sustainable computing. In the BASE PLAN 2029, SAIHEAT features itself with two core business modules: HEATWIT [1] – The thermal module that provides advanced liquid cooling systems and solutions for computing heat recycling, which is increasingly crucial as BTC and AI applications grow in demand and complexity. HEATWIT’s technology includes high-efficiency cooling units and modular liquid-cooled cabinets, reducing carbon emissions and minimizing environmental impact. HEATNUC [2] – The power module focuses on global power resource development and modular nuclear power joint development. HEATNUC integrates sustainable land-based Small Modular Reactor (SMR) solutions and is planning to explore space-based solar energy (Earth Orbit solar, EOS) systems, essential for the robust energy infrastructure required by data centers.
Under the BASE PLAN 2029, SAIHEAT announces two exciting initiatives to tackle current energy source challenges. SAIHEAT will closely work with partners and jointly build development efforts by committing as a sponsor and key contributing member of non-profit group, Organization of Clean Energy and Climate Inc. (OCEC).
OpenSMR [3] – An open-source initiative supporting AI-driven data centers with SMR technology, OpenSMR aims to provide standardized, cost-effective energy models for the computing industry. In alignment with OpenSMR’s mission, SAIHEAT will release key patents to advance SMR adoption in data centers worldwide. These include: Control Rod Drive Mechanism for Small Modular Pressurized Water Reactors: This patent introduces a compact control rod drive mechanism enabling precise reactor control under extreme conditions. Containment Cooling Device and Method Utilizing Heat Pipe Cooling: This passive cooling system for SMRs utilizes heat pipes for efficient, reliable heat transfer without external power. OrbitBTC [4]– OrbitBTC addresses the sustainability challenges of computing by relocating mining operations to space. Utilizing uninterrupted solar energy in orbit, OrbitBTC’s mining rigs eliminate reliance on terrestrial grids, significantly reducing carbon emissions, water usage, and land impact. This innovative, space-based model offers a 24/7 renewable energy source, lowers operational costs, and provides scalable operations free from regulatory land constraints, setting a new benchmark for eco-friendly cryptocurrency mining. Tillkännagivande • Nov 12
SAIHEAT Introduces HEATNUC: An Open-Source Small Modular Reactor (SMR) Solution for AI Computing Centers SAIHEAT Limited announced the integration of HEATNUC, an advanced Small Modular Reactor (SMR) system dedicated to power AI computing centers. Designed as a stable, high-capacity energy source, HEATNUC addresses the unique power needs of AI-driven infrastructure, providing a solution that traditional renewable and fossil-fuel-based energy sources cannot match. HEATNUC brings together inherent safety, simplified system design, and minimized on-shift manpower requirements, making it an ideal solution for AI centers that demand steady, high-density, clean power. The reactor’s modular, integrated design enables rapid deployment, leveraging nuclear power’s consistent output alongside innovative technology to lower both the time and cost required for licensing and V&V. Through closed-loop recycling of waste heat from nuclear and AI computing, HEATNUC enhances energy efficiency and supports deployment in remote, harsh environments, from deserts to arctic regions. SAIHEAT has crafted HEATNUC to be highly cost-effective, reliable, and sustainable, meeting the long-term power needs of AI computing centers with ease. This comprehensive solution includes a SMR-based base-load energy source, an AI campus microgrid, and an intelligent energy management system, all designed to enable zero-carbon, intelligent operations for AI facilities. HEATNUC’s deployment will empower AI computing centers worldwide to meet increasing energy demands sustainably. Its compatibility with remote and challenging environments makes it viable in all regions outside extreme natural disaster zones, such as earthquake or tsunami-prone areas. This technology promises to revolutionize AI energy strategies, supporting global zero-carbon and intelligent energy goals. New Risk • Nov 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 29% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Market cap is less than US$100m (US$33.0m market cap). Tillkännagivande • Oct 11
SAIHEAT Receives Written Notification from Nasdaq Regarding Non-Compliance with the Minimum Bid Price Requirement for Continued Listing under Nasdaq Listing Rule 5550(a)(2) SAIHEAT Limited (the ‘Company’) announced that it has received a written notification (the ‘Notification Letter’) on October 2, 2024, from the Listings Qualifications Department of The Nasdaq Stock Market LLC (‘Nasdaq’). The Notification Letter advised that for the last 30 consecutive business the minimum closing bid price per share for the Company’s ordinary shares was below the $1.00 per share requirement for continued listing under Nasdaq Listing Rule 5550(a)(2). The Nasdaq notification letter has no current effect on the listing or trading of the Company’s securities on Nasdaq. Pursuant to the Nasdaq Listing Rules 5810(c)(3)(A), the Company is provided with a compliance period of 180 calendar days, or until March 31, 2025, to regain compliance under the Nasdaq Listing Rules. If at any time during this compliance period, the closing bid price of the Company’s Class A Ordinary Shares is USD 1.00 per share or higher for a minimum of ten consecutive business days, Nasdaq will provide the Company written confirmation of compliance and the matter will be closed. In the event the Company does not regain compliance by March 31, 2025, it may be eligible for an additional 180 calendar day period to regain compliance. The Company intends to actively monitor the bid price for its shares and will evaluate available options to regain compliance with the continued listing requirements. New Risk • Aug 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 29% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (3.8% increase in shares outstanding). Market cap is less than US$100m (US$21.4m market cap). Tillkännagivande • Jul 24
SAI.TECH Global Corporation, Annual General Meeting, Aug 06, 2024 SAI.TECH Global Corporation, Annual General Meeting, Aug 06, 2024. Tillkännagivande • May 25
Sai.Tech Global Corporation Announces Resignation of Jinlong Zhu, from the Board of Directors On May 17, 2024, Jinlong Zhu resigned from the Board of Directors (the “Board”) of SAI.TECH Global Corporation. Mr. Zhu indicated that his departure from the Board was not the result of any disagreement with management or the Board but was in order to more fully pursue other commitments. Following Mr. Zhu’s resignation, the Company is actively searching for a candidate to fill the vacancy of the Board, as well as the Board’s committees. Reported Earnings • Apr 24
Full year 2023 earnings released: US$0.26 loss per share (vs US$0.46 loss in FY 2022) Full year 2023 results: US$0.26 loss per share (improved from US$0.46 loss in FY 2022). Revenue: US$6.78m (down 36% from FY 2022). Net loss: US$6.12m (loss narrowed 31% from FY 2022). New Risk • Nov 05
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 38% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (5.7% increase in shares outstanding). Market cap is less than US$100m (US$24.1m market cap). Tillkännagivande • Sep 15
SAI.TECH Global's ULTIWIT Begins Research, Development and Production of Immersion Containerized Data Center Paired with GIGABYTE’s HPC Immersion Servers SAI.TECH Global Corporation declared that its business unit ULTIWIT had begun the research, development and production of a containerized data center (the “Product”) with immersive liquid cooling capabilities, in conjunction with GIGABYTE’s HPC immersion servers. The preliminary design of the Product is a 40-ft container with Tier III Standard, which is able to contain HPC/AI immersion servers from GIGABYTE that are placed in four 36U cooling tanks with the total rack size of 144U. The Product will provide a stable operating environment for AI-dedicated GPUs. A key feature of the Product will be the equipment of an interface designed to recycle computing waste heat, which is a step towards energy efficiency and sustainability. The prototype of the A1 Product will be tested and operated at the SAI NODE Marietta Computing Heat Recycle Center. In the future, SAI plans to help customers deploy A100, H100, A800 and other models of the same class in the A1 Product, and to achieve faster centralized and modularized rapid deployment of large-scale computing power. Meanwhile, the B1 products - Bitcoin mining boxes with liquid cooling and heat recycle capabilities are operating at SAI NODE Marietta. Above the Product’s hardware features, SAI.TECH intends to provide AI services globally. Its subsidiary, Boltbit Limited, is researching and developing GPU cloud service, including IaaS (Infrastructure as a Service) and MaaS (Model as a Service), for AI-savvy companies worldwide. Tillkännagivande • Aug 04
SAI.TECH Global Corporation, Annual General Meeting, Sep 06, 2023 SAI.TECH Global Corporation, Annual General Meeting, Sep 06, 2023, at 09:00 US Eastern Standard Time. Agenda: To elect the following nominee to the Company’s Board of Directors as Class I director to hold office until the 2026 annual general meeting of shareholders, or until their earlier death, resignation, or removal: to ratify the election of following two nominees to the Company’s Board of Directors as Class II directors, each to hold office until the 2024 annual general meeting or until their earlier death, resignation, or removal: to ratify the election of following two nominees to the Company’s Board of Directors as Class III directors, each to hold office until the 2025 annual general meeting or until their earlier death, resignation, or removal: and to consider other matters. New Risk • Jul 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Revenue has declined by 38% over the past year. Minor Risks Shareholders have been diluted in the past year (5.2% increase in shares outstanding). Market cap is less than US$100m (US$48.2m market cap). Reported Earnings • Apr 21
Full year 2022 earnings released: US$0.46 loss per share (vs US$1.43 loss in FY 2021) Full year 2022 results: US$0.46 loss per share (improved from US$1.43 loss in FY 2021). Revenue: US$10.6m (down 38% from FY 2021). Net loss: US$8.85m (loss narrowed 50% from FY 2021). Reported Earnings • Dec 09
First half 2022 earnings released: US$0.12 loss per share (vs US$0.006 loss in 1H 2021) First half 2022 results: US$0.12 loss per share (further deteriorated from US$0.006 loss in 1H 2021). Revenue: US$5.38m (down 33% from 1H 2021). Net loss: US$2.73m (loss widened 365% from 1H 2021). Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Jinlong Zhu is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Tillkännagivande • Sep 29
SAI.TECH Global Corporation Announces Launch of New Liquid Cooling Bitcoin Mining Infrastructure Products SAI.TECH Global Corporation announced adding two new products -- TANKBOX and RACKBOX, to its SAIHUB BOX product line. Separately designed with immersion cooling and plate cooling technologies, TANKBOX and RACKBOX are adaptive to any outdoors installation environments and compatible with all models of miners in the market. SAIHUB is industry leading Bitcoin mining solution that integrates SAI.TECH’s advanced liquid cooling and waste heat recovery technologies, including CAB, BOX, APP and PCB four core products. CAB and BOX are SAI.TECH's hardware product line designed with its unique and patented liquid cooling and ASIC chips waste heat recovery technologies that can reduce energy costs and improve energy efficiency of Bitcoin mining operation. The company is adding two new hardware products – TANKBOX and RACKBOX besides the existing product SAIHUB CAB. SAIHUB-CAB: SAIHUB CAB is SAIHUB's first generation indoor cabinet product. It is equipped with advanced cold-plate liquid cooling technology and waste heat recovery technology which can achieve 90% thermal efficiency recycled from ASIC chips. Each SAIHUB-CAB is able to accommodate a maximum of 72 Whatsminer's air-cooled mining rigs for a total hash rate of around 5PH/s and provide ~60°C hot water. Recently, SAIHUB-CAB has been awarded with UL Listing Certification. TANKBOX: TANKBOX is compatible with all and any brand, series air-cooled mining machines on the market because it applies advanced immersion cooling technology. Depending on the miner type, TANKBOX can accommodate 72-144 units miners and provide a total hash rate of 12-20PH/s, even without the overlock setting. TANKBOX is also equipped with heat recovery system and can provide ~50°C hot water outflow. TANKBOX is expected to be officially launched to market by the end of 2022. RACKBOX: RACKBOX can accommodate 90 units Whatsminer's latest liquid-cooling miners including M33S+, M33S++, M53 etc. and provide a total hash rate of 18-20PH/s as an integrated solution. With overlock, RACKBOX can achieve 24-26PH/s per container. With liquid-cooling miners' flexible option of overclocking and underclocking, RACKBOX helps mining operators achieve increased profit during the entire Bitcoin cycle by reducing the power-off risk in the bear market and gaining excess return in the bull market. Also, RACKBOX is capable of recover waste heat and can provide ~60°C hot water. RACKBOX is expected to be launched in the first quarter of 2023. Both RACKBOX and TANKBOX are prefabricated in the factory and designed in the form of a "BOX" (20ft container). Integrating all the components altogether, including cabinets, power, control, water circulation and other systems, they can be deployed on-site quickly with less installation costs and better-quality control. It’s also ideal for utilizing idle energy such as flared gas because it’s highly mobile and recyclable. In practice, users can build up a mining site of any scale on empty land with RACKBOX or TANKBOX, and initiate operation by simply plugging in power, Internet connection and water inlet. Tillkännagivande • Sep 28
SAI.TECH Global Corporation Announces to Receive UL Listing Certification for SAIHUB-CAB 025M SAI.TECH Global Corporation announced that it received the notice from UL (Underwriters Laboratories) that it has completed the investigation and confirmed compliance of SAI.TECH's core product SAIHUB CAB 025M with UL standards and to receive the certification after the first IPI (Initial Production Inspection). UL is an independent global safety testing and certification organization that tests and certifies products. UL Listing means that UL has tested representative samples of a product and determined that the product meets specific, defined requirements. SAIHUB CAB 025M was tested under UL standard, 508A, for safety standard for Industrial Control Equipment covers industrial control and related devices rated 1,500 volts or less used for starting, stopping, regulating, controlling, or protecting electric motors. For the best interests of SAI.TECH's customers, SAIHUB CAB 025M applied for UL Listing certification, which ensures the longevity and safety of products under normal wear and tear conditions that comes with daily use. Board Change • Sep 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Jinlong Zhu is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Tillkännagivande • Aug 18
SAI.TECH Global Corporation Announces Executive Changes On August 17, 2022, the Board of Directors (the “Board”) of SAI.TECH Global Corporation (the “Company”) appointed Risheng Li as the Chairman of the Board, effective on August 17, 2022. Resignation of Director: On August 17, 2022, Jianwei Li, resigned from the Board. Mr. Li indicated that his departure from the Board was not the result of any disagreement with management or the Board, but was in order to more fully pursue other commitments. Appointment of Director: On August 17, 2022, the Board appointed Hao Ge as a new member of the Board, with such appointment to be effective immediately. Hao Ge has not been named to any committee of the Board. Board Change • Aug 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Jinlong Zhu is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Tillkännagivande • May 27
SAI.TECH Global Corporation Launches All-In-One Management Tool SAIHUB App SAI.TECH Global Corporation 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. Tillkännagivande • May 17
SAI.TECH Global Corporation announced delayed 10-Q filing On 05/16/2022, SAI.TECH Global Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC.