SINGAPORE, April 29, 2024 (GLOBE NEWSWIRE) — EFS. TECH Global Corporation (“SAI. TECH” or “SAI” or the “Company”) (NASDAQ: SAI, SAITW), announces the signing of a Memorandum of Understanding (MoU) with Green Agritech Ltd. with respect to the Company’s Canada-Manitoba proposal. (the Project) and the objective of identifying a joint venture (JV) for long-term cooperation.
The project is a 1 MW computer data center and will be implemented through cooperation between UPS. TECH and Green Agritech Ltd. , a cutting-edge crypto mining company. Using UPS’s unique IT heat recovery technology, the heat generated through the IT data center will be recycled and delivered to the site and warehouse, as well as to a constructed greenhouse. at a later date.
The assignment also officially marks the company’s entry into the Canadian sustainable computing market, as evidenced by the nature of recycling heat from computer waste. Through this order, the company hopes to certify its products for the Canadian market and be able to sell and operate them. your products in Canada.
This center will soon be called SAI NODE Manitoba, along with SAI NODE Marietta and SAI NODE Cleveland. In addition, SAI will partner with the non-profit organization OCEC to build and expand these UPS NODE facilities.
In addition, SAI will be guilty of sourcing miners for the proposed 1 MW knowledge center. A separate hosting agreement will be entered into with the joint venture. On the other hand, the joint venture will oversee the collection of rents and rates for heat sources from the entities that operate the greenhouses.
About the SAI. TECHNOLOGY
EFS. TECH is a Nasdaq-listed (SAI)-based sustainable distributed bitcoin mining operator based in Singapore. SAI’s project is to become a globally distributed virtual asset mining operator and sustainable heating provider, while selling the blank transition of the Bitcoin mining, energy, and heating sectors. .
In May 2022, SAI became a publicly traded company under the new ticker symbol “SAI” on the Nasdaq Stock Exchange (NASDAQ) through a merger with TradeUP Global Corporation. For more information on UPS. TECHNOLOGY, please https://sai. tech/.
Green Agritech Ltd. es a cutting-edge cryptocurrency mining company that combines the latest in global cryptocurrency mining with a strong commitment to environmental sustainability and greenhouse farming. They have harnessed the strength of renewable energy resources to revolutionize the cryptocurrency mining industry while cultivating lush and effective greenhouse environments for sustainable food production.
Their project is to turn cryptocurrency mining into a greener and more environmentally friendly business. They perceive the energy-intensive nature of BTC mining and have taken significant steps to mitigate its ecological impact. Through renewable energy resources such as solar, wind and hydroelectric energy. , reduce their carbon footprint and ensure that their operations run on clean and sustainable energy.
At Green Agritech Ltd. , they are reshaping the BTC mining industry by aligning it with sustainable practices and greenhouse farming. By using renewable strength to force their mining operations and contribute to greenhouse agriculture, they are not only securing the long-term of cryptocurrency, but also feeding the planet and creating a more sustainable world for generations to come.
Its parent company, NewDecade PowerTech Ltd. , is headquartered in Vancouver and operates as an investment firm. Currently, its 100 MW allocation is in the structure phase in South Dakota.
The Clean Energy and Climate Organization (“CCEO”) is a non-profit organization whose project is to conduct research and studies on more effective tactics for utilizing computer heat, expand generation, and the formula to demonstrate how residential, advertising, and advertising scenarios can be recycled. Heat loss from the computer as a replacement for classic heating.
OCEC aims to build the Computer Heat Recycling Technology Development Center in a way that the local community. As the first R center
For more facts about OCEC, https://ocec. co/.
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