SAIHEAT Limited Successfully Listed on Nasdaq (NASDAQ: SAIH)
Industry: Liquid Cooling and Energy Technology
Listing Date: 2022/05, NASDAQ
Funding Amount: 40 million USD, via SPAC merger
Partners: Tiger TradeUP Global (SPAC partner)
Yangkang Asset successfully assisted SAIHEAT Limited (formerly SAI.TECH) to complete its listing on the Nasdaq Capital Market in the United States through a merger with TradeUP Global Corporation, showcasing the emergence of a new generation of green technology energy companies in the international capital market. SAIHEAT focuses on R&D of liquid cooling and energy recovery technologies. Through this fundraising, the company is able to expand its technological investment and accelerate the advancement of HEATWIT liquid cooling modules and HEATNUC small modular nuclear energy solutions, creating the next generation of data centers and computing infrastructure with energy efficiency and environmental benefits.
With this funding, SAIHEAT is actively expanding its presence in the U.S. and Singapore markets, developing enterprise-level partnerships and pilot deployments, including signing a liquid-cooled computing cabinet contract with global crypto computing service provider Bitdeer, implementing a 40MW commercial system to advance energy-recovery mining operations. Meanwhile, the company successfully obtained a patent for a small modular nuclear control rod drive module in 2025, further strengthening its leading position in energy technology and laying the technical and brand foundation for future large-scale corporate and government projects. Moving forward, SAIHEAT will continue to focus on energy-saving and smart energy integration applications, becoming a key driver in global liquid cooling and energy transition sectors.