The past year has experienced a boom in SPAC crypto mergers, with companies like Core Scientific Inc. Bakkt and Cipher Mining being a few notable examples. SAI.TECH (“SAI” or “the Company”) got on the wave of SPAC listings right before SPAC mergers got more difficult. Having gotten officially listed on Nasdaq on May 2nd, SAI is the first “chip heating” concept stock on the exchange, with its CEO & founder Arthur Lee also becoming the youngest Chinese CEO ever listed.
Bitcoin has become one of the most attractive emerging assets on the market in recent years, but the need for increasingly energy-intensive computing infrastructure has caused concerns about its sustainability. By promoting ESG standard technologies and solutions, SAI, as a global energy-saving bitcoin mining operator and a clean-tech company, is trying to prove to the market that the feasibility and the company’s business model might leads bitcoin mining to a more sustainable future. We sat down with Arthur to talk about the company’s innovative technology.
Q1: First, I would like to congratulate SAI on getting listed on Nasdaq. Can you give our readers a brief introduction of SAI? What’s the inspiration for your innovation?
My inspiration is based on what I see as the two major trends of the early 21st century – sustainable development and decentralized digital network. Over the past 20 years, sustainable development has become a shared goal globally. Another trend is, decentralized digital cryptocurrency like Bitcoin has experienced a boom, ushering in the future of web 3.0. The high value of Bitcoin has proved its significance but has in equal parts been criticized for its high energy consumption and un-sustainability. As a result, how to better solve the energy consumption problem while ensuring the stable operation of the Bitcoin network has become an unavoidable dilemma facing us.
As a Bitcoin mining operator, SAI foresaw this problem as early as 2019 and has been…
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