SAIHEAT Purchases $1.5 Million Of Bitcoin

(MENAFN- GlobeNewsWire - Nasdaq) 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 strategy is driven by our strong belief in Bitcoin's enduring value," said Arthur Lee, CEO of SAIHEAT. "We view Bitcoin as the leading reserve asset globally and fully support the concept of sovereign wealth funds holding it. We suggest both governments and businesses to consider Bitcoin as a key part of their reserve assets."

About SAIHEAT

SAIHEAT Limited (Nasdaq: SAIH) delivers integrated energy services for next-generation data centers. Its thermal module, HEATWIT, offers data center liquid cooling system and solutions for computing heat recycling. The power module, HEATNUC, focuses on global power resource development and modular nuclear power joint development.

Formerly known as Global Corporation, SAIHEAT became a publicly traded company on the Nasdaq Stock Market (NASDAQ) through a merger with TradeUP Global Corporation in May 2022. For more information on SAIHEAT, please visit

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