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From Waste to Wealth: SGTM, Modern Thermal Design, and USA ASIC Drive Cryptocurrency AI Data Centers Forward - Updated
Globenewswire· 2025-10-03 14:35
Core Insights - The Sustainable Green Day, Ltd. (SGTM) is pursuing innovative waste-to-energy solutions to address the rising electricity demand from AI technology and cryptocurrency data centers [1][2] - SGTM's partnership with Modern Thermal Design and USA ASIC aims to create a sustainable circular economy by converting waste into renewable energy [2][5] Company Initiatives - SGTM plans to develop a biomass facility capable of processing 300 tons of waste per day, with scalability based on available feedstock [4] - The company recognizes the opportunity presented by over 2 billion tons of global biomass waste generated annually, viewing it as a means to tackle environmental challenges [5] Strategic Partnerships - The collaboration with Modern Thermal Design focuses on optimizing renewable energy systems to support the increasing demand from AI data centers [3][8] - USA ASIC is involved in providing energy-efficient mining solutions, aligning with SGTM's goals of sustainable energy production [9] Environmental Impact - The initiative is positioned as a step towards reliable green energy solutions, contributing to environmental restoration and reducing greenhouse gas emissions [5][6] - SGTM's technology aims to transform organic waste into valuable products, promoting sustainable agricultural practices [6]
From Waste to Wealth: SGTM, Modern Thermal Design, and USA ASIC Drive Cryptocurrency AI Data Centers Forward
Globenewswire· 2025-10-03 12:36
Core Insights - The Sustainable Green Day, Ltd. (SGTM) is pursuing innovative waste-to-energy solutions to address the rising electricity demand from AI technology and cryptocurrency data centers [1][2] - SGTM's partnership with Modern Thermal Design and USA ASIC aims to create a sustainable circular economy by converting waste into renewable energy [2][3] - The company plans to develop a biomass facility capable of processing 300 tons of waste per day, leveraging its extensive experience in biomass management [4][5] Company Overview - SGTM generates over 2 billion tons of global biomass waste annually, viewing this as an opportunity to tackle environmental challenges and promote reliable green energy solutions [5] - The company focuses on converting organic waste into valuable products, such as "Water Less Garden" soil and "Living Mulch," using advanced carbon capture technology [6] - SGTM aims to replicate its waste-to-energy model across its facilities and AI data centers, contributing to environmental benefits [5] Partnership Details - The collaboration with Modern Thermal Design and USA ASIC is designed to support cryptocurrency mining operations while addressing waste management issues [3][5] - Modern Thermal Design brings over 100 years of combined experience in renewable energy and large-scale commercial applications to the partnership [8] - USA ASIC focuses on providing energy-efficient and cost-effective mining solutions for the cryptocurrency sector [9]
Sustainable Green Team, Ltd. Announces Debt Reduction Initiative and Returns Over 18% of Common Stock to the Treasury
Globenewswire· 2025-10-02 12:45
Core Insights - Sustainable Green Team, Ltd. (SGTM) has announced a restructuring plan aimed at reducing debt and enhancing shareholder value, reflecting its commitment to investors and the need to adapt to a changing market [1][5] Debt Reduction and Financial Strategy - SGTM has negotiated settlements with significant creditors, establishing payment plans that will reduce debt by over $25 million, with a current achievement of a $6 million reduction [2] - The company has rescinded 23 million shares of common stock to the treasury as part of its debt reduction strategy, which is expected to enhance market liquidity and provide shareholders with improved flexibility and potential returns [3] Operational Enhancements - SGTM has strengthened its team by bringing in new advisors and incorporating innovative technologies and development strategies, which will improve operational capabilities and drive solutions in the environmental sector [4] Commitment to Shareholder Value - The CEO of SGTM emphasized the company's commitment to maximizing shareholder value through strategic measures aimed at safeguarding existing shareholders' interests and attracting new investors [5] Company Overview - SGTM is dedicated to converting waste into wealth and advancing environmental restoration, focusing on climate reversal and reducing greenhouse gas emissions through innovative products like "Water Less Garden" soil and "Living Mulch" [6]