How is SAI.TECH, a recently listed Bitcoin mining operator, driving towards carbon neutrality?
Categories: Bitcoin US
The past year has experienced a boom in SPAC crypto mergers, with companies like Core Scientific Inc. Bakkt and Cipher Mining being a few notable examples. SAI.TECH (“SAI” or “the Company”) got on the wave of SPAC listings right before SPAC mergers got more difficult. Having gotten officially listed on Nasdaq on May 2nd, SAI is the first “chip heating” concept stock on the exchange, with its CEO & founder Arthur Lee also becoming the youngest Chinese CEO ever listed. Bitcoin has become one of the most attractive emerging assets on the market in recent years, but the need for increasingly energy-intensive computing infrastructure has caused concerns about its sustainability. By promoting ESG standard technologies and solutions, SAI, as a global energy-saving bitcoin mining operator and a clean-tech company, is trying to prove to the market that the feasibility and the company’s business model might leads bitcoin mining to a more sustainable future. We sat down with Arthur to talk about the company’s innovative technology. As a Bitcoin mining operator, SAI foresaw this problem as early as 2019 and has been actively looking for partnerships with large mining pools. With the support from one of our close partners ViaBTC, a world-leading crypto mining pool, we introduced SAIHUB, a cost-efficient solution created to reduce the high costs involved in the mining process. After three years of development, SAIHUB has leapt from 1.0 to 3.0. The latest SAIHUB 3.0 is an integrated and decentralized solution designed to horizontally integrate the computing, power and heating industries to build a more efficient and sustainable infrastructure for Bitcoin mining. According to calculations, about 99% of the electricity consumed by Bitcoin mining machines turns into heat energy. This part of the heat energy has been neglected for a long time, so it is referred to as “waste heat.” Instead of using an extra huge amount of electricity to cool data centers, our SAIHUB solution is capturing that waste heat and using it to defray energy use elsewhere. With the help of SAI’s patented waste heat utilization technology, 90% of the heat generated by the mining process can be recovered and reused into heating sources for various residential, commercial, industrial, and agricultural application scenarios.In recent years, the use of renewable energy for Bitcoin mining has dropped significantly as various factors have led natural gas and coal to become more popular sources of power for the industry. This change has made SAI’s mission even more vital.