SAI.TECH Global Corporation (“SAI.TECH” or “SAI” or the “Company”,
NASDAQ: SAI, SAITW), a sustainable distributed bitcoin mining
operator and a clean-tech company that integrates the bitcoin
mining, power and heating industries, is proud to announce a major
scale-up of its SAI NODE Marietta facility starting December 2023
and ongoing. This expansion demonstrates the company's dedication
to enhancing the SAI NODE Marietta1, the Company’s US R&D
center that focused on advancing technology for high-performance
computing liquid cooling and industrial-scale computing heat
recycling.
The expansion involves the strategic addition of 190 units of
Bitmain S19 Pro+ Hydro bitcoin mining machines and 288 units of
Bitmain S19 K Pro bitcoin mining machines. The deployment of the
478 bitcoin mining machines and the underlying investment of
approximately $0.9 million increased the hash rate capacity of SAI
NODE Marietta by approximately 68 PH/s (petahash per second). With
the Company’s additional deployment of bitcoin mining machines, it
currently has approximately 150 PH/s operational hash rate for its
self-mining operation, with an overall self-mining efficiency of
approximately 27.3 J/TH. The newly added operation is to test the
Company’s 2nd generation of TANKBOX2, which is designed to further
improve immersion cooling efficiency and flexibility of computing
heat recycling.
Along with this expansion, SAI.TECH also announced an update
about the SAI NODE Marietta as part of its ongoing efforts to
provide sustainable and energy-efficient solutions to the bitcoin
mining industry.
- The first SAI ULTIWIT System3 was
completed and has been operating 24/7 since Nov 2023. It consists
of a 1MW bitcoin mining WITBOX4; a computing heat recycling,
regulating, and supplying HEATBOX5; and a floor-heated 5000 ft2
greenhouse or USERBOX6.
- The SAI ULTIWIT system has been
successfully demonstrated and can effectively recycle computing
heat to support the greenhouse’s 24/7 operation even in severe
winter weather conditions.
With the success of the first SAI ULTIWIT System, the latest
added miners will help SAI to develop new technologies of recycling
computing heat for many other applications, such as fishery,
aquatic centers, and industrial heating processes.
SAI will continue to work closely with OCEC, academic schools,
national labs, and industrial partners, seek support from the local
community, state, and federal government, and develop the Marietta
site to become an advanced computing center ecosystem (ACCE) - the
first of a kind in the world.
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 (“TradeUP”). For more
information on SAI.TECH, please visit https://sai.tech/.
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/.
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.
1 SAI NODE Marietta, located in Marietta, Ohio,
is a facility that recycles computing waste heat from bitcoin
mining and AI computation, it applies the recycled heat to other
heat-demanding applications. SAI NODE Marietta is the Company’s US
R&D Center, which was successfully powered on in August 2023
after months of development.
2 TANKBOX is an infrastructure product in the
Company’s WITBOX product line, it runs on immersion cooling tanks
that are able to convert air-cooled servers into liquid-cooled
models.
3 ULTIWIT System consists of
WITBOX, HEATBOX and USERBOX, further explanation can be seen
below.
4 ULTIWIT System – WITBOX
The WITBOX product line consists of models that
are highly mobile and resilient outdoor computing infrastructure
units fitted inside a standard 20ft container, accommodating high
performance computing servers such as bitcoin mining machines and
GPU computing servers. They are equipped standard liquid cooling
capability, i.e. connecting liquid-cooling designed servers, and
immersion cooling capabilities.
5 ULTIWIT System – HEATBOX
HEATBOX is a product line that regulates,
supplies, and controls recovered computing heat generated from
computing servers. Serving as a supporting role of the WITBOX
series, HEATBOX is a key intermediate product line in ULTIWIT
System that bridges the waste heat recovered from WITBOX and
heating scenarios.
6 ULTIWIT System –
USERBOX
USERBOX is design and product that supports
computing heat recovery applications. It offers integrated
solutions and products tailored for heating scenarios across
various demands and fields.
Media Contactpr@sai.tech
Investor Relations Contactir@sai.tech
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