SAI.TECH Announces Presence on SelectUSA Investment Summit
May 02 2023 - 6:22PM
SAI.TECH Global Corporation ("SAI.TECH" OR "SAI" or the "Company",
NASDAQ: SAI), a Sustainable Bitverse Operator announced presence to
introduce SAI.TECH (text to twitter link:
https://twitter.com/SAI2TECH) and its recent SAI NODE OHIO 5MW
project in Ohio on 2023 SelectUSA Investment Summit on May 03 in
Maryland, the United States.
The SelectUSA Investment Summit is the
highest-profile event in the U.S. dedicated to promoting foreign
direct investment(FDI), connecting investors, companies, economic
development organizations (EDOs) and industry experts to seize
every opportunity available to make investment deals happen through
U.S. Investment. The 2023 SelectUSA Investment Summit was held at
National Harbor, Maryland from May 1-4, 2023 to establish new
connections and opportunities to grow through investing in the
U.S.
SAI.TECH's founder and CEO Arthur Lee (text to
twitter link: https://twitter.com/ArthurLeeSAI) was invited to
attend the SelectUSA Summit to introduce SAI.TECH and its recent
ESG oriented cryptomining center SAI NODE OHIO 5MW project in Ohio,
showing the public the value and details of this new project. This
ESG Friendly Cryptomining Techonlogy Development Center develops
technologies to recycle cryptomining heat for different heating
needs, such as greenhouse and building heating, poultry industry
operation. Thus, this center will not only save both bitcoin mining
cost and electricity cost for greenhouse growers but also provide
the public with the new model of innovative sustainable clean
bitcoin mining. In the future, SAI NODE will cooperate with more
industrial partners, showing the public more common heat
application scenarios that our innovative datacenters can provide
heating services to including but not limited to agricultural
greenhouses, aquaculture facilities, and major types of buildings
(residential/commercial/warehouse).
SAI NODE OHIO 5MW is SAI.TECH's second SAI NODE
OHIO project, the first one was launched in August last year in
Ohio installed SAI.TECH's first generation products. It is
currently under construction and will be deploying SAI.TECH's new
ULITIAAS products TANKBOX and RACKBOX with upgraded liquid cooling
and waste heat recovery technologies. The reason SAI.TECH chose
Ohio to develop business is because Ohio is a hub of traditional
data center companies and operations in North America with rich
clean energy sources like nuclear, hydro, wind and solar power.
More significantly, this center will also serve as
High Performance Computing Site including Bitcoin Mining and will
also be available for AI computing, to design and develop hardware
system architecture for AI and LLM as well as GPU clusters enabled
with ULTIAAS's liquid cooling and waste heat utilization
technology.
With the mission of building ESG friendly
sustainable computing power in mind, SAI.TECH will create a lot of
value and bring the U.S enormous opportunities on the basis of SAI
NODE projects and our techniques
In the coming 24 months SAI.TECH will build up the
capacity of SAI NODE OHIO datacenter up to 15MW, which we expect to
bring over $3 million of investment and create around 20 full-time
positions directly in construction, operation and management. We
also expect to attract third-party greenhouse owners to colocate on
the site, which could bring additional $7 million of investment and
around 15 full-time positions.
Through the reuse of energy, SAI.TECH can reshape
the industrial pattern, help to introduce more heating consumption
enterprises like large greenhouse growers, and enable the existing
high-performance computing enterprises to quickly move from
high-energy air cooling to high-efficiency liquid cooling and waste
heat utilization mode, which will create more job opportunities and
investment.
SAI.TECH's patented liquid cooling and heating
reuse technology are able to make the computing and heating
industry more sustainable while reducing the cost of computing and
heating reuse industries like agricultural greenhouse, industrial
and commercial buildings. In this way, SAI.TECH will bring
significant social value by reducing energy consumption and carbon
emissions of the U.S., accelerating the achievement of carbon
neutrality in the United States and globally.
"The United States has always been an important
market for our strategic plan. We formed a US sub-company in 2022
and got listed on Nasdaq in May last year. More importantly, in the
same year, SAI.TECH launched its first computing power and heating
demo project SAI NODE OHIO in Ohio." said SAI.TECH's founder and
CEO Arthur Lee, "This year, we continue to choose Ohio to build our
upgraded and larger project SAI NODE 5MW ESG friendly mining
center, plugging into clean energy power, together with liquid
cooling and heating reuse techniques, making computing and heating
sustainable, representing to the public the future model of
datacenter."
About SAI.TECH
SAI.TECH is a Nasdaq listed (SAI) Sustainable
Bitverse Operator, headquartered in Singapore. SAI is dedicated to
providing zero-carbon energy system(HEATNUC) based on Small Modular
Reactor and heat pump combined power supply technology, providing
clean computing services based on liquid cooling and chip waste
heat utilization technology (ULTIAAS),and providing decentralized
transaction system services based on blockchain and lightning
network technology (BOLTBIT).
In May 2022, SAI became a publicly trading company
under the new ticker symbol “SAI” on the Nasdaq Stock Market
(NASDAQ) through a merger with TradeUP Global Corporation
("TradeUP").
For more information on SAI.TECH, please visit
https://sai.tech/.
Media Contact
pr@sai.tech
Investor Relations Contact
ir@sai.tech
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