SINGAPORE, June 09, 2022 (GLOBE NEWSWIRE) — Forbes magazine recently officially announced the Forbes 30 Under 30 Asia Class 2022 – For his contributions to innovative Bitcoin mining and energy-saving solutions, Arthur Lee, The 28-year-old founder and CEO of SAI.TECH was among this year’s Forbes 30 Under 30 Asia winners in the Industry, Manufacturing and Energy section. Arthur was previously selected for the Forbes 30 under 30 China list in 2021, making it his second consecutive year to be mentioned on the list.
Bitcoin mining has always been controversial for the high energy consumption involved in its mining process. According to data from CCAF (Cambridge Center for Alternative Finance), as of April 21, 2022, the annual power consumption of global Bitcoin mining is approximately 137.36 TWh (1 TWh = 10^9 kWh), which exceeds that of Sweden. Therefore, how to better solve the problem of power consumption while ensuring the stable operation of the Bitcoin network has become an important issue facing the industry. Realizing this problem in 2019, Arthur and his team introduced the SAIHUB solution to reduce energy costs and carbon emissions in Bitcoin mining.
The SAIHUB solution aims to reduce energy costs and carbon emissions from mining activities. It innovatively combines liquid cooling technology and waste heat recovery technology, recovers 90% of the waste heat generated by data centers while providing reliable hot water to other applications. In turn, revenue from waste heat sales could effectively reduce the energy cost of data center operations. Over the past 3 years, the solution has evolved from being able to serve small residential homes to greenhouses and shopping malls. The latest SAIHUB 3.0 solution provides integrated IT, power and heating services for over 100,000 m² of facilities. Pilot project results prove that SAIHUB can reduce the energy consumption cost of Bitcoin mining by 38% while simultaneously reducing carbon emissions by 37%, compared to the separate operation of the traditional coal-fired boiler. for heating and cooling the air of mining rigs to generate bitcoin.
This year’s Forbes 30 under 30 winners represent forward-thinking visionaries who are redefining the future of business and society in Asia through determination, innovation and diligence. More than 4,000 candidates applied to be on this year’s list, and the final 300 were selected and vetted by Forbes reporters and a panel of respected judges, including some of the most active venture capitalists and CEOs. successful businesses in the region.
To view more details of the 2022 Forbes 30 Under 30 Asia, please visit https://www.forbes.com/30-under-30/2022/asia/industry-manufacturing-energy
SAI.TECH is an energy-efficient bitcoin mining operator and clean technology company that integrates bitcoin mining, power and heating industries. SAI.TECH uses proprietary liquid cooling and waste heat recovery technology for its digital asset mining machines, using waste heat to provide recycled energy and heating to potential customers while reducing operating costs of mining. SAI.TECH strives to become the world’s most profitable digital asset mining company while simultaneously promoting the clean transition of the bitcoin mining, power, and heating industries.
For more information about SAI.TECH, please visit https://sai.tech/.