SAIHEAT Starts Accepting Payments in Bitcoin
November 20 2024 - 9:29AM
SAIHEAT Limited (f/k/a SAI.TECH Global Corporation) (“SAIHEAT” or
the “Company”) (NASDAQ: SAIH, SAITW), today announced that the
Company starts accepting payments in Bitcoin for its range of
products and services, including (1) the Company's HEATWIT liquid
cooling Advanced Computing Center Ecosystem (ACCE) for Bitcoin
mining operations and AI computing, and (2) the Company's HEATNUC
small modular reactor products and services. This strategic
decision demonstrates the Company’s dedication to adopting the
cutting-edge financial technology and expanding its global
transaction capabilities.
The move to accept Bitcoin reflects a key principle of the
SAIHEAT BASE Plan 2029, the Company’s long-term
vision to redefine energy efficiency and sustainability for
next-generation computing centers. As outlined in the BASE Plan,
SAIHEAT is committed to integrating advanced energy solutions and
innovative technologies to address the growing energy and
computational demands of BTC mining, AI development, and
high-performance data centers. Accepting Bitcoin payments
underscores this vision by enabling seamless, secure, and scalable
global transactions that complement the decentralized, sustainable
energy infrastructure of the BASE Plan.
To address the growing demand for digital currency transactions
within the tech industry, SAIHEAT has taken this initiative to
offer clients and partners increased payment flexibility. As
Bitcoin adoption gains momentum, particularly among businesses
prioritizing efficient and secure cross-border transactions, the
Company’s move to accept Bitcoin payments underscores its
forward-thinking approach in the evolving digital economy.
By embracing Bitcoin payments, SAIHEAT further advances its
commitment to technological innovation and sustainability outlined
in the BASE Plan. This new feature positions the Company to engage
a broader audience of partners and customers who prioritize modern
financial solutions while aligning with SAIHEAT's mission to build
the energy-defined computing centers of the future.
About SAIHEATSAIHEAT Limited (Nasdaq: SAIH)
delivers integrated energy services for next-generation data
centers. Its thermal module, HEATWIT, offers data center liquid
cooling system and solutions for computing heat recycling. The
power module, HEATNUC, focuses on global power resource development
and modular nuclear power joint development.
Formerly known as SAI.TECH Global Corporation, SAIHEAT became a
publicly traded company on the Nasdaq Stock Market (NASDAQ) through
a merger with TradeUP Global Corporation in May 2022. For more
information on SAIHEAT, please visit https://www.saiheat.com
Safe Harbor StatementThis 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 SAIHEAT 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. SAIHEAT 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 SAIHEAT’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 SAIHEAT 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 Contactpr@saiheat.com
Investor Relations Contactir@saiheat.com
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