SINGAPORE, April 28, 2025 (GLOBE NEWSWIRE) -- SAIHEAT Limited ("SAIHEAT" or the "Company") (NASDAQ:SAIH), today reported audited financial results for the fiscal year ended December 31, 2024. Financial Highlights for the Year Ended December 31, 2024 Total revenues were US$5.54 million, representing a decrease of 18% compared to US$6.78 million in 2023 primarily due to revenue decreases across business segments of sales of products, hosting service and mining pool, which was partially offset by 125% revenue increase from mining revenue for the year ended December 31, 2024. Gross loss was US$1.01 million, compared to gross profit of US$0.46 million in 2023. Net loss was US$5.89 million,

SINGAPORE, April 23, 2025 (GLOBE NEWSWIRE) -- SAIHEAT Limited ("SAIHEAT" or the "Company") (NASDAQ:SAIH, SAITW)), announced that the Company has been covered by uSMART Securities for launching an initial equity research report coverage on March 26, 2025. Click Here to view the full equity research report. Company Highlights: SAIH: A Hybrid Computing Provider and Energy Infrastructure Play at the Forefront of AI Acceleration SAIHEAT is a computing and energy operator providing bitcoin (BTC) and AI computing services, in addition to liquid cooling and modular nuclear power solutions. As an emerging AI and BTC computing provider, SAIHEAT is capitalizing on the exponential growth in compu

SINGAPORE, March 31, 2025 (GLOBE NEWSWIRE) -- SAIHEAT Limited ("SAIHEAT" or the "Company") (NASDAQ:SAIH, SAITW)), announces the sale of 40MW of cutting-edge liquid-cooling container products to one of the subsidiaries of Bitdeer Technologies Group ("Bitdeer") (NASDAQ:BTDR). The liquid-cooling containers are designed to host Bitdeer's high-performance SEALMINER mining rigs and will be deployed at Bitdeer's new data center. The Company expects to deliver these containers to Bitdeer beginning in April 2025 and complete the deployment within three months. With the order secured, the Company believes that it will significantly expand its sales of equipment business and make positive contribu

SINGAPORE, March 27, 2025 (GLOBE NEWSWIRE) -- SAIHEAT Limited (f/k/a SAI.TECH Global Corporation) ("SAIHEAT" or the "Company") (NASDAQ:SAIH, SAITW)), is pleased to announce its participation in the 1CP (AEP's Critical Peak) program, a strategic initiative designed to reduce electricity costs for energy-intensive industries. This initiative aligns with SAIHEAT's mission to enhance operational efficiency and sustainability in the digital asset sector. The 1CP program is modeled after The AEP Ohio Basic Transmission Cost Rider (BTCR) pilot program, approved by the Public Utilities Commission of Ohio (PUCO) as part of Electric Security Plan V (ESP V). This program enables select interval-mete

SINGAPORE, March 11, 2025 (GLOBE NEWSWIRE) -- SAIHEAT Limited (f/k/a SAI.TECH Global Corporation) ("SAIHEAT" or the "Company") (NASDAQ:SAIH, SAITW)) today announced that it has resolved to effect a reverse stock split of the Company's ordinary shares, with the split ratio set at 1-for-15. The reverse stock split was approved by the Company's shareholders at an extraordinary general meeting held on February 26, 2025. The Company's ordinary shares will begin trading on an adjusted basis, reflecting the reverse stock split, on March 17, 2025, under the existing ticker symbol "SAIH." The new CUSIP number for the Company's ordinary shares will be G7852T202. Upon the effectiveness of the revers

SINGAPORE, March 04, 2025 (GLOBE NEWSWIRE) -- SAIHEAT Limited (f/k/a SAI.TECH Global Corporation) ("SAIHEAT" or the "Company") (NASDAQ:SAIH, SAITW)) today announced that all of the shareholder proposals submitted for shareholder approval (the "Proposals") as set forth in the notice of extraordinary general meeting dated February 18, 2025 (the "Notice of EGM") have been duly adopted at its extraordinary general meeting of shareholders held virtually at www.virtualshareholdermeeting.com/SAI2025SM on February 26, 2025 (the "EGM"). About SAIHEAT SAIHEAT Limited (NASDAQ:SAIH) delivers integrated energy services for next-generation data centers. Its thermal module, HEATWIT, offers data center

SINGAPORE, Feb. 18, 2025 (GLOBE NEWSWIRE) -- SAIHEAT Limited (f/k/a SAI.TECH Global Corporation) ("SAIHEAT" or the "Company") (NASDAQ:SAIH, SAITW)), today announced that it will hold an extraordinary general meeting (the "EGM") of shareholders (the "Notice of EGM") virtually at http://www.virtualshareholdermeeting.com/SAI2025SM on February 26, 2025 at 10:00 a.m. Eastern Standard Time, for the purposes of considering and, if thought fit, passing the proposals set forth in the Notice of EGM. The Notice of EGM and Form of Proxy for Extraordinary General Meeting are available on the Company's SEC EDGAR filing page. The board of directors of SAIHEAT fully supports the proposals listed in the N

SINGAPORE, Jan. 24, 2025 (GLOBE NEWSWIRE) -- SAIHEAT Limited (f/k/a SAI.TECH Global Corporation) ("SAIHEAT" or the "Company") (NASDAQ:SAIH, SAITW)), announced the naming of Alexandre Nakata Ezzidi as its Nuclear Energy Strategy Consultant. In this role, Alex will focus on assessing opportunities to expand the company's small modular reactor market presence across Asia and internationally. Alex Nakata Ezzidi is a next-generation nuclear energy system safety expert with over 40 years of expertise, primarily in severe accident analysis for various water reactor designs, including PWR, BWR, ATR, APWR, SPWR, EPR, and ATMEA. He holds a degree in Nuclear Reactor Engineering from the French Atomi

SINGAPORE, Nov. 21, 2024 (GLOBE NEWSWIRE) -- SAIHEAT Limited (f/k/a SAI.TECH Global Corporation) ("SAIHEAT" or the "Company") (NASDAQ:SAIH, SAITW)), today announced that it has purchased $1.5 million of bitcoin and currently holds approximately 102 bitcoins, including staked and restricted bitcoins. SAIHEAT has committed to a comprehensive HODL strategy for its Bitcoin holdings, aiming to retain bitcoin mined through its operations as a long-term asset. In addition, SAIHEAT engages in strategic purchases on the open market to increase its Bitcoin reserves, reinforcing its position in the digital asset space while aligning with its long-term financial goals. "Our commitment to the HODL str

SINGAPORE, Nov. 20, 2024 (GLOBE NEWSWIRE) -- SAIHEAT Limited (f/k/a SAI.TECH Global Corporation) ("SAIHEAT" or the "Company") (NASDAQ:SAIH, SAITW)), today announced that the Company starts accepting payments in Bitcoin for its range of products and services, including (1) the Company's HEATWIT liquid cooling Advanced Computing Center Ecosystem (ACCE) for Bitcoin mining operations and AI computing, and (2) the Company's HEATNUC small modular reactor products and services. This strategic decision demonstrates the Company's dedication to adopting the cutting-edge financial technology and expanding its global transaction capabilities. The move to accept Bitcoin reflects a key principle of the

SINGAPORE, March 31, 2025 (GLOBE NEWSWIRE) -- SAIHEAT Limited ("SAIHEAT" or the "Company") (NASDAQ:SAIH, SAITW)), announces the sale of 40MW of cutting-edge liquid-cooling container products to one of the subsidiaries of Bitdeer Technologies Group ("Bitdeer") (NASDAQ:BTDR). The liquid-cooling containers are designed to host Bitdeer's high-performance SEALMINER mining rigs and will be deployed at Bitdeer's new data center. The Company expects to deliver these containers to Bitdeer beginning in April 2025 and complete the deployment within three months. With the order secured, the Company believes that it will significantly expand its sales of equipment business and make positive contribu

SINGAPORE, Jan. 24, 2025 (GLOBE NEWSWIRE) -- SAIHEAT Limited (f/k/a SAI.TECH Global Corporation) ("SAIHEAT" or the "Company") (NASDAQ:SAIH, SAITW)), announced the naming of Alexandre Nakata Ezzidi as its Nuclear Energy Strategy Consultant. In this role, Alex will focus on assessing opportunities to expand the company's small modular reactor market presence across Asia and internationally. Alex Nakata Ezzidi is a next-generation nuclear energy system safety expert with over 40 years of expertise, primarily in severe accident analysis for various water reactor designs, including PWR, BWR, ATR, APWR, SPWR, EPR, and ATMEA. He holds a degree in Nuclear Reactor Engineering from the French Atomi