SAIHEAT (SAIH) Registration filing summary

Company overview and business model

• Operates as a computing and energy operator focused on sustainable augmented intelligence, offering BTC joint computing power, AI cloud computing, and energy solutions including liquid-cooled computing centers and small modular nuclear products.

• Utilizes proprietary liquid cooling and waste heat recovery technology for bitcoin mining, achieving up to 97% thermal efficiency and recycling energy as hot water for heating customers.

• Aims to promote clean energy transition in bitcoin mining, power, and heating industries globally.

• Incorporated in the Cayman Islands, with principal operations through subsidiaries in Singapore, China, and the USA.

Financial performance and metrics

• No dividends have been declared or paid; future earnings are intended to be retained for operations and expansion.

• Financial statements for 2024 and 2025 are incorporated by reference, audited by Singapore-based firms.

Use of proceeds and capital allocation

• Net proceeds from any offering will be used for working capital and general corporate purposes, with significant discretion retained for allocation.