UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2024
Commission File Number: 001-40368
SAI.TECH Global Corporation
(Exact name of registrant as specified in its charter)
#01-05 Pearl’s Hill Terrace, Singapore, 168976
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Press Release
On June 17, 2024, SAI.TECH Global Corporation issued
a press release to announce that the Computing Heat Recycle Technology Development Center sponsored by the Company receives grant from
Marietta community foundation.
A copy of the press release is furnished as Exhibit
99.1 to this current report on Form 6-K and incorporated by reference herein.
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.
Date: June 17, 2024 |
SAI.TECH GLOBAL CORPORATION |
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By: |
/s/ Risheng Li |
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Name: |
Risheng Li |
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Title: |
Chief Executive Officer |
Exhibit 99.1
Computing Heat
Recycle Technology Development Center Sponsored by SAI.TECH Receives Grant from Marietta Community Foundation
SINGAPORE, June
17, 2024 (GLOBE NEWSWIRE) -- SAI.TECH Global Corporation (“SAI.TECH” or “SAI” or the “Company”) (NASDAQ:
SAI, SAITW), announces that its sponsored Computing Heat Recycle Center Education Program has been honored by the Marietta local community
and has been awarded grants from the Marietta Community Foundation for its spring cycle.
The Marietta Community
Foundation recently announced its spring grant cycle, awarding a total of $97,290 in Community Impact Grant and Simple Solution Grant
funds to local organizations addressing critical needs and enhancing community resilience in Washington County, as per an MCF media release.
The Organization of Clean Energy and Climate Inc., according to the release, received $7,582 to support the Computing Heat Recycle Center
Education Program. As a computing heat recycling technology development pioneer and sponsor of OCEC, SAI.TECH is proudly providing support
for the Education Program by offering its SAI US R&D center as an education site and free leasement of its greenhouse facility which
is heated by recycled computing heat.
The Computing Heat
Recycle Center Education Program aims to involve students from local educational institutions in innovative learning opportunities, providing
them with practical knowledge in data center, artificial intelligence and computing heat recycling for greenhouse operations, while also
addressing food insecurity through produce grown in the computing heat recycling greenhouse.
As the sponsor
of the granted program, SAI.TECH's Computing Heat Recycling R&D Center in Marietta is equipped with its unique Advanced Computing
Center Ecosystem (ACCE), comprising the WITBOX, HEATBOX, and USERBOX systems.
•
The WITBOX system hosts high-performance computing servers utilizing various liquid cooling technologies, which not only enhances efficiency
in dissipating heat from server components but also facilitates the capture of computing heat for recycling. The WITBOX system can capture
over 97% of the heat generated from computing servers.
•
The HEATBOX system is designed to transfer, upgrade, supply, and regulate recycled computing heat, capable of demand-response heat supply
and providing heating within a temperature range from 120°F to 290°F.
•
The USERBOX system supports computing heat recycling applications, offering integrated solutions and products tailored for heating scenarios
across various demands and industrial fields.
The Advanced Computing
Center Ecosystem (ACCE) not only enables the development of cutting-edge computing facilities but also represents a significant leap
forward in sustainability by harnessing and repurposing computing heat. The site and educational program spearheaded a transformative
initiative, poised to revolutionize the intersection of technology, education, and environmental stewardship.
About the Computing
Heat Technology Development Recycle Center
The first ACCE
demonstration at the Computing Heat Recycle Technology Development Center comprises a 1 MW container-based computing server system, a
1 MW HEATBOX, and a 5,000 ft² greenhouse. This system can recycle computing heat up to 3.4 MMBTUH. If all recycled computing heat
could replace traditional natural gas heating, the system expects to achieve a CO2 emission reduction of 286,000 lb./month,
equivalent to CO2 emissions generated from burning 14,600 gallons of gasoline.
About OCEC
The Organization
of Clean Energy and Climate ("OCEC") is a non-profit organization with the mission to perform research and study on more effective
ways to use computing heat, develop the technology and system to demonstrate how residential, commercial, and industrial scenarios can
recycle the computing heat waste as a replacement for traditional heating.
The OCEC operates
to build the Computing Heat Recycle Technology Development Center in a way that benefits the local community. As the first of this kind
of R&D center, OCEC continues to be the leader in this area, bringing the best computing heat recycling solution to the world, and
being one of the key contributors to achieving carbon-neutral efforts.
For more information
on OCEC, please visit https://ocec.co/.
About SAI.TECH
SAI.TECH is a Nasdaq-listed
(SAI) sustainable distributed bitcoin mining operator headquartered in Singapore. SAI’s mission is to become a sustainable distributed
digital asset mining operator and heating supplier globally, while simultaneously promote the clean transition of the bitcoin mining,
power and heating industries.
In May 2022, SAI
became a publicly traded company under the new ticker symbol “SAI” on the Nasdaq Stock Market (NASDAQ) through a merger with
TradeUP Global Corporation. For more information on SAI.TECH, please visit https://sai.tech/.
Safe Harbor
Statement:
This press release
may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe”,
“expect”, “anticipate”, “project”, “targets”, “optimistic”, “confident
that”, “continue to”, “predict”, “intend”, “aim”, “will” or similar
expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements
that may be deemed forward-looking statements. These forward-looking statements include, but not limited to, statements concerning SAI.TECH
and the Company’s operations, financial performance, and condition are based on current expectations, beliefs and assumptions which
are subject to change at any time. SAI.TECH cautions that these statements by their nature involve risks and uncertainties, and actual
results may differ materially depending on a variety of important factors such as government and stock exchange regulations, competition,
political, economic, and social conditions around the world including those discussed in SAI.TECH’s Form 20-F under the headings
“Risk Factors”, “Results of Operations” and “Business Overview” and other reports filed with the
Securities and Exchange Commission from time to time. All forward-looking statements are applicable only as of the date it is made and
SAI.TECH specifically disclaims any obligation to maintain or update the forward-looking information, whether of the nature contained
in this release or otherwise, in the future.
Media Contact
pr@sai.tech
Investor Relations
Contact
ir@sai.tech
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