Company Description
SAITW is the warrant ticker associated with SAIHEAT Limited, a company listed on the Nasdaq Stock Market under the symbol SAIH. According to multiple company disclosures, SAIHEAT is described as a computing and energy operator and a global distributed computing power operator. Its activities span bitcoin (BTC) joint computing power, AI cloud computing services, liquid-cooled computing centers, and small modular nuclear products, with a stated goal of accelerating the realization of what it calls Sustainable Augmented Intelligence.
In its news releases, SAIHEAT explains that it leverages a modular computing power system to help energy owners address local energy consumption and efficient resource utilization. The company also provides BTC cloud mining services by joint computing power, and energy digitization and monetarization solutions for energy asset owners. These technologies are described as contributing to reducing the carbon footprint and offering solutions for energy enterprises.
Business focus and operating model
SAIHEAT’s computing division, as described in its public communications, offers BTC joint computing power and AI cloud computing services. The energy division focuses on liquid-cooled computing centers and small modular nuclear products. The company highlights its role as a global distributed computing power operator, indicating that it operates modular computing power systems to address issues of local energy consumption and resource utilization for energy owners.
Company materials also describe SAIHEAT as delivering integrated energy services for next-generation data centers. Its thermal module, referred to as HEATWIT, is described as offering data center liquid cooling systems and solutions for computing heat recycling. Its power module, HEATNUC, focuses on global power resource development and modular nuclear power joint development. In various news releases, SAIHEAT connects these offerings to bitcoin mining operations, AI computing, and the broader digital asset sector.
Technology, patents, and nuclear-related activities
SAIHEAT has reported several technology-related milestones. In one announcement, the company states that it secured a patent for a “Waste Heat Recovery System and Method”, which focuses on waste heat recovery and utilization in server or chip cooling. The described system architecture includes a heat generation end, a waste heat utilization end, a cooling end, and a control end that adjusts the distribution ratio of heat carried by the cooling medium. According to the company, this design aims to improve energy utilization efficiency by enabling efficient recovery and utilization of waste heat.
In another release, SAIHEAT reports that it received an invention patent authorization notice for a proprietary “Control Rod Drive Mechanism for Small Modular Pressurized Water Reactors (SMRs)”. The company states that this mechanism enhances core reactivity control in next-generation SMRs through a compact design, precision, and reliability, which it links to improved operational safety and flexibility in nuclear power plants.
SAIHEAT also announced that the International Atomic Energy Agency (IAEA) has approved SAIHEAT as a vendor of small modular reactors, based on an SMR concept design submitted by the company. The company’s description of this SMR plant refers to an integral reactor design intended for deployment in ground-based SMR power stations, integrating systems such as the reactor, steam turbine generator, and automated control and protection systems. The company states that this concept is intended to power digital infrastructure, particularly data centers, with clean, reliable, and scalable nuclear energy.
Computing infrastructure, liquid cooling, and waste heat recovery
In its public communications, SAIHEAT emphasizes its role in data center liquid cooling and waste heat recovery. It describes itself as a pioneer in data center liquid cooling solutions and refers to a dual product line strategy (A/B Series) and an Advanced Computing Center Ecosystem (ACCE). Company materials state that A Series products cover a range of power for AI data centers, while B Series products are oriented toward BTC mining with noise reduction characteristics. SAIHEAT also describes a three-tier thermal system involving WITBOX liquid cooling servers, HEATBOX waste heat conversion, and USERBOX application solutions, which it associates with high thermal efficiency and power usage effectiveness metrics.
SAIHEAT’s news releases link its liquid cooling and waste heat recovery technologies to carbon-negative or reduced-carbon data center operations, describing how computing heat can be repurposed. The company also highlights participation in programs such as the 1CP (AEP’s Critical Peak) program, which it characterizes as a strategic initiative to reduce electricity costs for energy-intensive industries, and aligns this participation with its focus on operational efficiency and sustainability in digital asset-related computing.
Bitcoin mining, AI computing, and energy solutions
SAIHEAT’s communications describe a business that combines BTC mining, AI computing, and energy infrastructure. The company notes that it provides BTC cloud mining services by joint computing power and that it operates both self-mining and hosted services, including at facilities referenced in its news releases. Management commentary in one financial results announcement refers to a sustainable bitcoin currency-mining strategy and to deepening innovation in associate petroleum gas and nuclear integration.
The company has also described plans to provide three categories of services: bitcoin currency mining (including joint mining and related asset custody services for eligible investors), associate petroleum gas reutilization for energy asset owners through energy digitization and monetarization solutions, and small modular reactor-based integrated solutions for sovereign countries to support digital energy infrastructure. These descriptions appear in SAIHEAT’s own news releases and outline how the company connects computing power, energy sources, and digital asset-related activities.
Corporate history and listing
In several announcements, SAIHEAT states that it was formerly known as SAI.TECH Global Corporation. The company reports that it became a publicly traded company on the Nasdaq Stock Market through a merger with TradeUP Global Corporation in May 2022. Subsequent news releases describe SAIHEAT as listed on Nasdaq under the symbol SAIH, with SAITW representing associated warrants.
SAIHEAT has also disclosed corporate actions such as a reverse stock split of its ordinary shares, with a ratio of 1-for-15, which it describes as part of efforts to comply with Nasdaq’s minimum bid price requirement. The company notes that this action reduced the total number of outstanding ordinary shares and that its ordinary shares continue to trade under the existing ticker symbol SAIH.
Governance and control changes
Recent SEC Form 6-K filings provide information on changes in control and board composition. One filing describes a share transfer involving Energy Science Artist Holding Limited that resulted in a change in control of SAIHEAT, with a new sole controlling shareholder. The same filing reports the resignation of a director who also served as chief executive officer and acting chief financial officer, and the appointment of a new chief executive officer and board member.
Another Form 6-K filing reports the resignations of two independent directors and the appointment of new independent directors and a new chair of the board. The company states that the resignations were for personal reasons and not due to disputes with the company or its management, and that the newly appointed independent directors meet applicable independence standards under SEC and Nasdaq rules.
SAITW warrants and investor considerations
SAITW represents warrants linked to SAIHEAT Limited’s equity, as indicated by the dual listing of SAIH and SAITW in company news releases. While the detailed terms of the warrants are not described in the provided materials, investors researching SAITW typically examine SAIHEAT’s business model, technology focus areas, and regulatory disclosures, since the value of the warrants is tied to the underlying common shares.
For a fuller understanding of SAIHEAT’s operations, financial condition, and risks, the company directs readers in its safe harbor statements to its Form 20-F and other reports filed with the U.S. Securities and Exchange Commission. These filings, together with the company’s news releases, form the primary public record for analyzing the SAIH common shares and the associated SAITW warrants.