SAI.TECH Global Corporation (“SAI.TECH” or “SAI” or the “Company”,
NASDAQ: SAI, SAITW) is proud to announce the return of its 2nd “Bit
Heat Day,” which will take place on August 9, 2023, in Marietta,
Ohio. The second Bit Heat Day will be held at the newly built SAI
US R&D Center SAI NODE Marietta and the OCEC Computing Heat
Recycle Technology Development Center (together, the “Centers”),
which is successfully powered on today after months of development.
About Bit Heat Day The 2nd, 2023
Bit Heat Day is hosted by SAI and the Organization of Clean Energy
and Climate (“OCEC”), a non-profit organization. On the event, SAI
and OCEC will unveil the groundbreaking SAI US R&D Center SAI
NODE Marietta and OCEC Computing Heat Recycle Technology
Development Center located in Marietta, Ohio. The guests will be
the first to witness how SAI’s proprietary technology captures
waste heat from high-performance computing and supply the recycled
heat for greenhouse heating in a controlled manner. The recycled
heat can be used not only to benefit agricultural operations, but
also have the potential to expand to residential and commercial
heating applications, or fishery and poultry applications in the
future.
The SAI US R&D Center and OCEC Computing Heat
Recycle Center will serve as an open scale-up testing platform for
computing heat capture and supply technology, data center operation
system and various heat recycle applications supported by current
and future AI and Bitcoin mining technology.
“On last year’s 1st Heat Day, we used SAI’s liquid
cooling waste heat recovery technology to bring Satoshi Nakamoto’s
prediction into reality. In 2010, Satoshi said that Bitcoin mining
would ultimately be used for heating. On the 2nd Bit Heat Day
event, when the timing coincides with the growing demand for AI
computing, we hope to use SAI’s solution to quickly transition the
computing power of BTC and AI to a clean and sustainable state.”
The founder and CEO of SAI, Arthur Lee, expresses his excitement
about this upcoming event. “We also hope that more chip, computing
power, and cloud computing service companies will join us to
accelerate this process.”
Arthur believes that in 10 years, at least 30% of
the global BTC and AI computing power should have the capability to
utilize waste heat. Only in this way can the globe accelerate the
realization of carbon neutrality. He adds, “our mission is to let
every individual in the future benefit from sustainable and
cost-effective BTC & AI computing services.”
This initiative underscores SAI’s dedication to
empowering the intensive computing industry with sustainability and
social responsibility.
Below are some important details about this
event:The event will take place from 2:00 to 4:00 p.m.
Wednesday, August 9 at 550 Gravel Bank Road, Marietta, OH,
45750.
Event Agenda:2:00- 3:00
p.m. Welcome remark & Keynote speechJesse C.
Roush – Executive Director of Southeast Ohio Port
Authority. His topic is how a merger of historic
competencies and high-performance computing in local areas
(industrial electricity and agriculture) can support economic
growth.Tao Wu – OCEC Director of Computing Heat Recycle
Technology Development Center. His topic is the challenges
and Future of Computing Heat Recycling.Marcus McCartney –
Agriculture and Natural Resources Educator of Ohio State
University. His topic is how agriculture could benefit
from computing heat recycling.Lauren Lin – Director of
Business Development of Luxor. His topic is the Hashrate
Index: Shining a Light on Bitcoin Mining’s Energy
Consumption.Haotian Li – CTO of Redesign Science.
His topic is utilizing computation to find a cure for
cancer.Arthur Lee – CEO of SAI. His topic is the
future of the Heat Recycle Center.3:00- 4:00 p.m. The
greenhouse and data center tourSAI will guide you through
the local greenhouse to witness plants thriving under the heat
supply. After 4:00 p.m. Tea break & guest
networkingGuests will have time to socialize over catering
services.
For more information on 2023 Bit Heat Day, please
follow the Bit Heat Day featured Twitter account: @Bitcoinheatday
and SAI’s official twitter account: @SAI2TECH. Please note that the
event will also be live on YouTube.
SAI is pleased to explore the future of advanced
technologies in liquid cooling and computing heat recovery with the
welcoming guests.
About SAI.TECHSAI.TECH is a
Nasdaq-listed (SAI) company headquartered in Singapore. SAI is
dedicated to providing a zero-carbon energy system (HEATNUC) based
on Small Modular Reactor, providing clean computing services based
on liquid cooling and chip waste heat utilization technology
(ULTIWIT), and providing cloud computing services based on
blockchain and AI technology (BOLTBIT).
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 OCECThe 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 with the goal of building the
OCEC Computing Heat Recycle Technology Development Center in a way
to benefit the local community. As the first of this kind of
R&D center, OCEC continues to be the leader in this area and
brings the best computing heat recycling solution to the world, and
be 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 including, 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.
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