| SAIHEAT Secures Patent for Innovative Control Rod Drive Mechanism in Small Modular Reactor Technology |
SINGAPORE, May 14, 2025 (GLOBE NEWSWIRE) -- SAIHEAT Limited (“SAIHEAT” or the “Company”) (NASDAQ: SAIH, SAITW) today announced it has received the Invention Patent Authorization Notice for its proprietary “Control Rod Drive Mechanism for Small Modular Pressurized Water Reactors (SMRs).” This breakthrough innovation enhances core reactivity control in next-generation SMRs through a compact design, superior precision, and robust reliability, significantly improving operational safety and flexibility in nuclear power plants. |
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2025-05-14 12:30:00 |
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| SAIHEAT Limited Reports Audited Financial Results for the Year Ended December 31, 2024 |
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. |
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2025-04-28 20:30:00 |
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| SAIHEAT Limited Initially Covered by uSMART Securities |
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. |
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2025-04-23 13:15:00 |
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| SAIHEAT Announces Joining 1CP Program to Optimize Energy Costs for Bitcoin Mining |
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. |
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2025-03-27 11:29:00 |
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| SAIHEAT Limited Announces Effective Date of Reverse Stock Split |
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. |
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2025-03-11 18:05:00 |
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| SAIHEAT Limited Announces Results of Extraordinary General Meeting |
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”). |
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2025-03-04 18:05:00 |
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| SAIHEAT Limited to Hold Extraordinary General Meeting on February 26, 2025 |
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. |
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2025-02-18 18:05:00 |
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| SAIHEAT Announces Appointment of Alexandre Nakata Ezzidi as Nuclear Energy Strategy Consultant |
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. |
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2025-01-24 11:20:00 |
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| SAIHEAT Purchases $1.5 Million of Bitcoin |
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. |
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2024-11-21 13:00:00 |
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| SAIHEAT Starts Accepting Payments in Bitcoin |
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. |
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2024-11-20 11:29:00 |
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| SAIHEAT Limited Reports Unaudited Financial Results for the Six Months Ended June 30, 2024 |
SINGAPORE, Nov. 13, 2024 (GLOBE NEWSWIRE) -- SAIHEAT Limited (f/k/a SAI.TECH Global Corporation) (“SAIHEAT” or the “Company”) (NASDAQ: SAIH, SAITW), today reported unaudited financial results for the six months ended June 30, 2024. |
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2024-11-13 10:30:00 |
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| SAIHEAT Announces Bitcoin (BTC) Operations and Holding Updates |
SINGAPORE, Nov. 12, 2024 (GLOBE NEWSWIRE) -- SAIHEAT Limited (f/k/a SAI.TECH Global Corporation) (“SAIHEAT” or the “Company”) (NASDAQ: SAIH, SAITW), is pleased to release its recent unaudited Bitcoin operations and holding updates for October 2024. |
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2024-11-12 10:30:00 |
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| SAIHEAT Introduces HEATNUC: An Open-Source Small Modular Reactor (SMR) Solution for AI Computing Centers |
Innovative Technology Delivers Cost-Effective, Stable, and Sustainable Power Tailored to Meet the Growing Demands of AI Infrastructure Innovative Technology Delivers Cost-Effective, Stable, and Sustainable Power Tailored to Meet the Growing Demands of AI Infrastructure |
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2024-11-11 10:30:00 |
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| SAIHEAT Debuts at SC24 with Liquid Cooling and SMR Energy Solutions for Nextgen Data Centers |
SINGAPORE, Nov. 08, 2024 (GLOBE NEWSWIRE) -- SAIHEAT Limited (f/k/a SAI.TECH Global Corporation) (“SAIHEAT” or the “Company”) (NASDAQ: SAIH, SAITW), is pleased to announce its first-time participation at the Supercomputing 2024 (SC24) Conference, taking place from November 18-21 in Atlanta, Georgia. SAIHEAT will showcase its Advanced Computing Center Ecosystem (ACCE), a proven suite of liquid-cooling system that enable carbon-negative data center operations by repurposing waste computing heat. |
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2024-11-08 11:20:00 |
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| SAIHEAT Announces The Upcoming 2024 BIT HEAT DAY |
SINGAPORE, Oct. 30, 2024 (GLOBE NEWSWIRE) -- SAIHEAT Limited (f/k/a SAI.TECH Global Corporation) (“SAIHEAT” or the “Company”) (NASDAQ: SAIH, SAITW), is pleased to announce the upcoming annual conference - 2024 BIT HEAT DAY, taking place on November 14, 2024, at the company's U.S. R&D Center in Marietta, Ohio. The event will be co-hosted with the Organization of Clean Energy and Climate (OCEC), a non-profit organization, with full support from local governmental office and community. |
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2024-10-30 10:30:00 |
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| SAIHEAT Signs a Memorandum of Understanding (MoU) to Strengthen its Leadership Position in the Middle East Nuclear and SMR Markets |
SINGAPORE, Oct. 17, 2024 (GLOBE NEWSWIRE) -- SAIHEAT Limited (f/k/a SAI.TECH Global Corporation) (“SAIHEAT” or the “Company”) (NASDAQ: SAIH, SAITW), announces the signing of a Memorandum of Understanding (MoU) for HEATNUC products. This agreement aim to enhance strengths in product development and marketing. The MoUs are designed to boost the company's competitiveness in the Middle East and global markets. This strategic move will further advance SAIHEAT's localization strategy in the region, solidifying market position while expanding influence. |
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2024-10-17 12:00:00 |
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| SAIHEAT Announces Receipt of Notification from Nasdaq |
SINGAPORE, Oct. 11, 2024 (GLOBE NEWSWIRE) -- SAIHEAT Limited (f/k/a SAI.TECH Global Corporation) (“SAIHEAT” or the “Company”) (NASDAQ: SAIH, SAITW), announces that it has received a written notification (the “Notification Letter”) on October 2, 2024, from the Listings Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”). The Notification Letter advised that for the last 30 consecutive business the minimum closing bid price per share for the Company's ordinary shares was below the $1.00 per share requirement for continued listing under Nasdaq Listing Rule 5550(a)(2). |
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2024-10-11 12:00:00 |
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| SAIHEAT Announces the Signing of Memorandum of Understanding (MoUs) to strengthen its position in the nuclear and Small Modular Reactor (SMR) markets |
SINGAPORE, Oct. 10, 2024 (GLOBE NEWSWIRE) -- SAIHEAT Limited (f/k/a SAI.TECH Global Corporation) (“SAIHEAT” or the “Company”) (NASDAQ: SAIH, SAITW), announces the signing of two Memorandum of Understanding (“MoUs”) concerning HEATNUC products. These MoUs aim to promote cooperation in the Middle Eastern and international small modular reactor sectors while also gaining broader corporate management experience. The MoUs are intended to enhance SAIHEAT's competitiveness in the Middle Eastern and global markets, further advancing its regional localization strategy as they jointly expand cooperative markets. |
globenewswire.com |
2024-10-10 12:00:00 |
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| SAIHEAT Strengthens its Leadership Position in the Middle Eastern Nuclear and SMR Markets with Two Memorandums of Understanding (MoU) |
SINGAPORE, Sept. 23, 2024 (GLOBE NEWSWIRE) -- SAIHEAT Limited (f/k/a SAI.TECH Global Corporation) (“SAIHEAT” or the “Company”) (NASDAQ: SAIH, SAITW), announces the signing of two Memorandums of Understanding (MoU) for its HEATNUC business line. These agreements aim to strengthen cooperation within the small modular reactor industry in the Middle East and globally. These memorandums of understanding aim to enhance SAI.TECH's competitiveness in the Middle Eastern and global markets, and further promote its localization strategy in the region. |
globenewswire.com |
2024-09-23 13:17:00 |
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