SAI.TECH

21/03/2024

https://globenewswire.com/news-release/2024/03/21/2850235/0/en/SAI-TECH-Announces-Expansion-of-SAI-NODE-Marietta-Increases-Hash-Rate-by-68PH-s.html
We know you are waiting for us!
It takes long to prepare for a move!🤩
$SAI

SINGAPORE, March 21, 2024 (GLOBE NEWSWIRE) -- SAI.TECH Global Corporation (“SAI.TECH” or “SAI” or the “Company”, NASDAQ: SAI, SAITW), a sustainable...

24/07/2023

✈️We're going to , see you in the State of Florida！

🧐Get ready to explore the endless possibilities of

📍 $SAI

18/07/2023

🔊We are doing a Twitter Space on⏰July 18 at 20:00 HKT with Kristina,Co-founder of Type V DAO!

🧐Let's explore "the green development path of BTC that you don't know" with Arthur Lee,CEO of SAI.TECH!

$SAI

16/06/2023

1/9 Weekly Strategy Highlights by SAI features news of the week crucial for navigating trends in the crypto industry and sums up the key takeaways of the week. DM us for more information.

2/9 Key takeaway: In the short term, inflation is somewhat controlled, and the Fed paused rate hikes in June. It's expected that there will be two more rate hikes this year. In the short term, the probability of rate cuts is gradually decreasing, leading to a decline in currency prices. It's suggested to build positions gradually.

3/9 The Federal Reserve announced a pause in rate hikes for June, the first halt after 10 consecutive rate hikes since March 2022. The FOMC statement says keeping rates unchanged allows for evaluating more external data. If the economy and inflation don't cool further, they'll lean towards a rate hike next month. According to WSJ, there will be two more rate hikes this year.

4/9 Bitcoin mining difficulty has increased by 2.18% to 52.35T.

5/9 A U.S. judge has rejected a request to freeze Binance.US assets.

6/9 BitDeer releases its May operating status: the company owns approx. 62,000 mining machines for self-mining and cloud computing businesses; around 129,000 machines are hosted. The total power capacity of the five mining data centers is 795 MW.

7/9 The U.S. PPI YoY for May recorded 1.1%, falling for the 11th consecutive time and hitting a new low since Dec 2020. Expected 1.50%, previous 2.30%. PPI is the Producer Price Index, which measures the average change in output prices for domestic producers over time.

8/9 U.S. May unadjusted CPI YoY 4%, expected 4.1%, previous 4.9%. U.S. May unadjusted core CPI YoY 5.3%, expected 5.3%, previous 5.5%. May CPI data fell significantly from the previous month, marking the 11th consecutive decline and hitting a new low since March 2021.

9/9 Bit Digital announces its unaudited financial results for Q1, ending on March 31, 2023. Total revenue was $8.3 million, mainly from the Bitcoin mining business; a total of 362 Bitcoins were produced.

13/06/2023

Researchers have shown that AI computing can be made more sustainable by recycling the heat generated by data centers. A Stanford study found that recycling heat from a data center could supply 40% of building heating needs and reduce total energy usage by 63%. At our Ohio research center, $SAI is dedicated to the research of recycled waste heat in agriculture

07/06/2023

Computing Power - A Brief History and Overview 🖥️⚡

1/ Computing Power refers to the capacity to process information data and achieve desired output results. The birth of the first digital electronic computer, ENIAC, in 1946 marked the beginning of the digital electronic era.

2/ With the emergence and development of semiconductor technology, we entered the chip era, where chips became the main carrier of computing power. The 70s-80s saw significant progress in chip technology under Moore's Law, leading to the birth of Personal Computers (PC).

3/ The 21st century brought another major shift with the advent of cloud computing. Cloud computing is a new attempt at distributed computing, where scattered computing resources are packaged and aggregated for higher reliability, performance, and lower cost.

4/ After the cloudification of computing power, data centers became the main carrier of computing power, leading to a new leap in the scale of human computing power.

5/ Computing power can be divided into two categories: general-purpose computing power and specialized computing power. Different algorithms have different requirements for computing power, and different applications have different demands.

6/ In recent years, AI artificial intelligence has been a major focus in various fields. AI involves heavy computing power consumption, which is mostly handled by GPUs and specialized chips. National efforts have led to the creation of many intelligent computing centers.

7/ In addition to intelligent computing centers, there are many supercomputing centers with machines like "Tianhe-1" for large-scale scientific and engineering calculations. Data centers for cloud computing have become increasingly popular.

8/ Measuring computing power involves indicators like FLOPS, TFLOPS, MIPS, DMIPS, and OPS. Different levels of computing power are represented by MFLOPS, GFLOPS, TFLOPS, PFLOPS, etc.

9/ The growth rate of intelligent computing and supercomputing power has far exceeded that of general-purpose computing power. By 2030, general computing power will increase 10-fold, while AI intelligent computing power will grow 500-fold.

10/ A country's computing power scale has a significant positive correlation with its economic development level. Countries with larger computing power scales have higher levels of economic development.

11/ SAI.TECH’s mission takes both the urgency of the climate crisis and the undoubted importance to develop computing power into account, making high performance computing ever greener and more potent.

01/06/2023

1/6 The data center services industry is an underestimated emitter. The use of generative AI such as ChatGPT has increased its carbon footprint.

2/6 The carbon emissions of generative AI models and queries are increasing rapidly. Training an AI model can generate over 626,000 pounds of carbon dioxide equivalent, roughly the emissions of an average passenger car for 5 years.

3/6 The energy consumption of AI models is proportional to their scale. Larger models such as GPT-3 have a larger carbon footprint, possibly up to 550 tons of carbon dioxide equivalent.

4/6 The use of AI tools such as ChatGPT is growing exponentially, with each query emitting 4-5 times more carbon than a Google search, about 0.2 grams of carbon dioxide. ChatGPT has over 15 billion visits per month, generating a lot of emissions.

5/6 Measures can be taken to reduce the carbon footprint of generative AI, such as using more efficient models and processors, more environmentally friendly data centers, and computing when renewable energy is abundant. Releasing more data is also important.

6/6 ULTIAAS, SAI.TECH’s flagship product and solution lineup is on track to revolutionize AI computing by maximizing the efficiency of liquid cooling solutions.

28/05/2023

1/7 Weekly Strategy Highlights by SAI features news of the week crucial for navigating trends in the crypto industry and sums up the key takeaways of the week. DM us for more information.

2/7 Key takeaway: Pay close attention to the US debt issue on whether there will be a default or an increase in the debt ceiling. It is advisable to maintain a cautious attitude.

3/7: Hong Kong will allow retail investors to trade mainstream cryptocurrencies but has temporarily halted stablecoins, proprietary trading, and lending and financing services.
https://www.reuters.com/technology/hong-kong-regulator-issue-crypto-licences-with-retail-investor-guardrails-2023-05-24/

4/7: Cryptocurrency platform Hotbit announces suspension of operations.
https://decrypt.co/140913/hotbit-shutters-crypto-exchange-urges-users-withdraw-funds

5/7: St. Louis Federal Reserve Bank President: The Fed will need to raise interest rates twice by 25 basis points this year.

6/7: According to Glassnode researcher CryptoVizArt, BTC: Short-Term Holder MVRV ratio is approaching 1, indicating the market is approaching the pain point of short-term investors, roughly around $24,500-$25,500.

This range represents the approximate cost for investors who purchased Bitcoin in the past six months. If the price falls within this range, selling pressure from these participants is expected to decrease.

7/7: OKX announces that its latest app update will allow Hong Kong users to buy, sell, and hold 16 major cryptocurrencies using Hong Kong dollars, P2P, or through third-party providers such as ApplePay, Visa, and Mastercard.

The cryptocurrencies include BTC, ETH, ADA, MATIC, SOL, DOT, UNI, LINK, SAND, LTC, AVAX, AXS, ATOM, XLM, USDT, and USDC.

The team behind Hotbit said centralized exchanges were become “increasingly cumbersome,” adding that users should withdraw funds by June 21.

22/05/2023

Not forgetting where we came from and how we got here, we came from one pizza and now to all the pizzas in the world! $SAI

19/05/2023

1/8 Weekly Strategy Highlights by SAI features news of the week crucial for navigating trends in the crypto industry and sums up the key takeaways of the week. DM us for more information.

2/8 Key takeaway: Pay close attention to potential debt defaults in the United States in June, and whether the debt ceiling will be raised.

3/8: Bitcoin has witnessed a mining difficulty adjustment at block height 790,272, with mining difficulty increasing by 3.22% to 49.55T, reaching a new all-time high. The current average network hash rate is 354.55EH/s.

4/8: Emerging Bitcoin mining company, Cormint, announced today that it has successfully raised $30 million in Series A equity financing.
https://finance.yahoo.com/news/cormint-raises-30-000-000-130000468.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAFnrD-9h63gLsJIo4oHIWJ-TXja8_5E6EwOxXNdtmnufXOUe6J6L7WXjCOP6vXNpMeqVLSwvSIe38NTRLYIw6iEzTytpeYwzCByM1ECVz4OetPAKlIZVbUPDyKlw7hKV5vZCKc0ZOZ5oOBM1asV6vnk6TGwdE7Ab_fwOFxzOJ2dJ

5/8: According to Hashrateindex, miners mined an average of 328 BTC per day last week (approximately $8.9 million), with about 36% of mining rewards coming from transaction fees, earning a total of 2,294 BTC (approximately $62 million) in fees.

6/8: Bitdeer released its Q1 financial report, with a total revenue of $72.6 million and a net loss of $9.5 million. The total managed hash rate is 18.3EH/s, including 3.9EH/s from self-mining, 1.8EH/s from cloud mining, and 12.6EH/s from hosting services.
https://www.nasdaq.com/press-release/bitdeer-reports-unaudited-financial-results-for-the-first-quarter-of-2023-and

Bitdeer obtained 552 BTC in Q1 from self-mining. The total number of mining machines is 196,000, with 129,000 machines in hosting services. The combined power capacity of their five mining farms reached 795MW, with an additional 100MW capacity under construction in Bhutan.

7/8: Bitfarms, a Bitcoin mining company, released its Q1 2023 financial report, showing a total revenue of $30 million, a mining gross profit of $12 million, and a gross profit margin of 42%.
https://finance.yahoo.com/news/bitfarms-reports-first-quarter-2023-110000988.html

Moreover, they mined 1,297 BTC at an average cost of $17,600 per BTC, and sold 1,267 BTC at an average price of $22,500 per BTC, generating a total income of $28 million. A portion of these proceeds was used to repay equipment-related debts.

8/8: Binance announced its withdrawal from the Canadian market due to new guidelines related to stablecoins and investor restrictions imposed on cryptocurrency exchanges, which have made it unsuitable for Binance to continue operating in Canada.
https://www.reuters.com/technology/binance-will-proactively-withdraw-canada-2023-05-12/

16/05/2023

$SAI CFO Ian Chow, and Director of Strategy and Investments Jack Xie present at the Bitcoin Mining Virtual Conference.
https://www.globenewswire.com/news-release/2023/05/16/2669654/0/en/SAI-TECH-to-Participate-in-the-Bitcoin-Mining-Virtual-Conference-Presented-by-Maxim-Group-LLC-and-hosted-by-M-Vest-on-Tuesday-May-16th-at-9-00-A-M-ET.html

15/05/2023

Our Ohio R&D center, the Computing Heat Recycle Technology Development Center, is on schedule for completion. The smiles and confidence on the faces of the people behind it say it all. $SAI