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Wednesday, February 15, 2023
HomeNewsViaBTC’s Strategic Associate SAI.TECH Goes Public on Nasdaq

ViaBTC’s Strategic Associate SAI.TECH Goes Public on Nasdaq


ViaBTC’s strategic associate SAI.TECH Global Corporation (“SAI.TECH” or “SAI”),  a clean-energy-driven Bitcoin mining operator with main energy-saving options to the computing, energy, and heating trade, formally listed on Nasdaq on May 2, 2022 (EST). The Class A unusual shares and warrants of SAI commenced buying and selling on the Nasdaq Stock Market on May 2, 2022, underneath the brand new ticker symbols “SAI” and “SAITW,” respectively. The recognition for SAI.TECH amongst institutional and particular person buyers will undoubtedly give rise to a brand new paradigm for crypto mining and sustainable power development. Following the most recent trade pattern, SAI.TECH will carry recent momentum to the sustainable way forward for crypto mining.

As ViaBTC’s strategic associate for SaaS options, SAI.TECH is a world energy-saving Bitcoin mining operator and a clean-tech firm that integrates Bitcoin mining, heating, and energy industries. At the second, recycling clear, renewable power is a main technological aim in crypto mining, and the sector is witnessing the emergence of tasks that concentrate on clear energies like solar energy, hydropower, and recovered waste warmth. For instance, in Canada, some have began to make use of the warmth generated by BTC mining to warmth farming greenhouses and fishponds. Meanwhile, Slovakia, a small European nation, has constructed biogas vegetation to energy BTC mining.

In truth, aside from crypto mining, Web 3.0, which paints the blueprint of a free, open world, additionally has an unlimited demand for power. As an infrastructure underpins that huge knowledge must be saved on blockchains and allow real-time interactions, Web 3.0 requires the adoption of high-performance computing with huge energy consumption and even supercomputers, which devour tons of power.

A considerable amount of power ultimately dissipates within the air as warmth in the course of the computing course of. It is a pity that the big quantity of warmth is wasted like that, which is why SAI.TECH launched the SAIHUB answer: SAI’s modern answer makes use of patented waste warmth restoration and liquid cooling know-how to transform the waste warmth generated by mining into heating sources for varied residential, business, industrial, and agricultural software situations. Through electrifying chip heating, SAI reduces fossil-fuel use in conventional boilers and finally achieves the aim of lowering carbon emissions.

With such a know-how, 90% of the warmth generated by mining rigs might be recovered and saved, which powers BTC mining and meets the varied wants resembling agriculture, commerce, and industrial heating calls for, protecting farming greenhouses and concrete heating methods.

The Q1 2022 report of BMC (Bitcoin Mining Council) exhibits that in international BTC mining,  sustainable power now takes up 58.4% of the entire power consumption to empower the trade, making it one of the vital sustainable industries globally. As the primary firm within the mining sector to publish carbon footprint and ESG experiences, SAI.TECH can be selling the inexperienced transition of the mining trade via its modern options.

According to the information from BTC.com, the worldwide BTC hash fee of ViaBTC Pool stands at 21,050 PH/s. Assuming that the unit energy consumption of Antminer S19 XP is 21.5W/terahash, a hash fee of 21,050 PH/s means the miner consumes 452,575kW  each second. However, if SAI.TECH’s SAIHUB answer, which integrates the liquid cooling and waste warmth restoration applied sciences, is adopted on this case, then the miner can reuse 407,317.5kW of power per second.

Driven by the rise of rising fields and the large-scale consumption of power, suppliers of energy-oriented options are successful the favor of institutional buyers, and extra related entities are en path to go public. Over the previous yr, greater than ten crypto firms have merged and gone public via SPACs, resembling Core Scientific, Cipher Mining, and Bakkt Holdings. The “listing wave” has additionally swept the crypto mining trade. Apart from SAI.TECH, different crypto mining firms resembling BitFuFu and Bitdeer additionally plan to go public  via SPACs this yr.

Getting listed via SPAC is likely one of the some ways crypto companies try to change into reliable enterprises in international finance. Crypto mining firms getting listed will make standard monetary establishments pay extra consideration to the crypto sector. This connection and interplay between conventional capital markets and rising industries will catalyze a sequence of chemical reactions. Backed by funding from buyers worldwide, these listed clear power firms will apply clear power applied sciences in additional situations.

ViaBTC Pool, a world-renowned mining pool, retains observe of developments on this area. In the long run, the pool will proceed to work with companions via extra shut collaboration in power and mining whereas exploring the trade’s rising traits. We hope that extra establishments will be part of us to construct a thriving ecosystem for the way forward for  clear crypto mining.


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