TechFlow reported on November 22 that, according to Globenewswire, SAIHEAT Limited (NASDAQ: SAIH, SAITW), a comprehensive energy services provider for data centers, announced the purchase of $1.5 million worth of Bitcoin. The company's total holdings (including staked and restricted Bitcoin) now amount to 102 BTC. CEO Arthur Lee stated that SAIHEAT has adopted a full HODL strategy, will continue acquiring Bitcoin through mining operations as long-term assets, and will strategically increase its holdings in the public market.
SAIHEAT was formerly known as SAI.TECH Global Corporation and listed on Nasdaq in May 2022 through a merger with TradeUP Global Corporation. The company primarily offers HEATWIT, a liquid cooling system solution for data centers, and operates HEATNUC, which focuses on global power resource development and joint development of modular nuclear reactors.
