SAI.TECH Announces the Rebranding to SAIHEAT with Brand Upgrade
SAI.TECH SAI.TECH (US:SAI) GlobeNewswire News Room·2024-09-10 14:30

Core Viewpoint - SAIHEAT Limited has undergone a rebranding from SAI.TECH Global Corporation to emphasize its commitment to sustainable computing and heat recycling, aligning with the growing demand for energy-efficient technologies in the AI sector [1][3]. Group 1: Rebranding Details - The company has officially changed its name to SAIHEAT Limited, effective August 13, 2024, and will trade under the new symbol "SAIH" starting September 11, 2024 [1][2]. - The rebranding reflects a strategic shift towards sustainable computing, particularly in energy-efficient infrastructures and heat recycling technologies [3][4]. Group 2: Business Expansion and Innovations - SAIHEAT is expanding its business lines to include advanced computing services, heat recycling solutions, and small modular reactors to support the electricity needs of AI and computing technologies [4]. - The updated product structure includes the A series for AI servers and the B series for BTC servers, focusing on integrating AI technologies with advanced liquid-cooling solutions [4]. Group 3: Leadership Perspective - The CEO of SAIHEAT, Aurther Lee, stated that the rebranding marks an exciting evolution for the company, enhancing its focus and capabilities in sustainable computing and energy management [5]. Group 4: Company Background - SAIHEAT Limited is a Nasdaq-listed company headquartered in Singapore, developing technologies for the Advanced Computing Center Ecosystem (ACCE) aimed at reducing the carbon footprint of Bitcoin mining and AI operations [5][6].