SAI.TECH Announces Deployment of 420 Bitcoin Mining Machines in Mexico
March 13 2023 - 9:37AM
SAI.TECH Global Corporation ("SAI.TECH" OR "SAI," NASDAQ: SAI), a
global energy-saving bitcoin mining operator and a clean-tech
company that integrates bitcoin mining, heating, and power
industries, today announced that it has entered into a hosting
service agreement for hosting its newly purchased 420 Whatsminer
M30s++ bitcoin mining machines in La Pechuga, Mexico.
Sustainable Available Innovative Limited, a British
Virgin Islands company, a subsidiary indirectly owned by SAI.TECH
Global Corporation, has entered into a hosting service agreement
with its data center service provider in La Pechuga, Mexico, to
deploy its previously purchased 420 new Whatsminer M30s++ bitcoin
mining machines. These mining machines have been fully plugged in
and operating at their full capacity since March 11, 2023.
With the full deployment of the 420 Whatsminer
M30s++ bitcoin mining machines, SAI.TECH estimates its total
operational hash rate capacity has increased by 43.68 PH/s but will
only load approximately 1.35 MW of power thanks to the machines'
extraordinary power efficiency of 31W/T.
"As a global energy-saving clean-tech bitcoin
mining operator, we are thrilled to announce our mining capacity
increase in Mexico,” said Arthur Lee, Founder and CEO of SAI.TECH.
"We'll keep updating our bitcoin mining operation in Mexico while
exploring more cooperation opportunities globally for our
accelerated expansion in the industry."
About SAI.TECH
SAI.TECH is an energy-saving bitcoin mining
operator and a clean-tech company that integrates the bitcoin
mining, power, and heating industries. SAI.TECH uses proprietary
liquid cooling and waste heat recovery technology for its digital
asset mining machines, utilizing waste heat to provide recycled
energy and heating to potential customers while lowering mining
operating costs. SAI.TECH strives to become the most cost-efficient
digital asset mining operations company globally while
simultaneously promoting the clean transition of the bitcoin
mining, power, and heating industries.
In May 2022, SAI became a publicly trading 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/.
Media Contact
pr@sai.tech
Investor Relations Contact
ir@sai.tech
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