SAIHEAT Ltd
sai.techWhat Do They Do?
Sells bitcoin-mining machines and outdoor computing containers to large-scale miners and institutional investors.
20-F for FY2025, filed Apr 30, 2026
How Do They Make Money?
-
20-F for FY2025, filed Apr 30, 2026
FY2025 revenue by reportable segment ↗
$4.5M
-
20-F for FY2025, filed Apr 30, 2026
$4.5M ↗
| Segment | Share | Revenue |
|---|---|---|
|
Revenue – sales of products
|
69%
FY2022: 81%
|
Revenue – sales of products, FY2025
$3.1M Sources
|
|
Revenue – mining revenue
|
31%
FY2022: 0.3%
|
Revenue – mining revenue, FY2025
$1.4M Sources
|
Who Are Their Customers?
Targets large-scale miners and institutional investors, and sells mining machines and outdoor computing containers to end customers. It also provides hosting and mining-pool services to mining customers.
20-F for FY2025, filed Apr 30, 2026Our target customers include both large-scale miners and institutional investors. Target institutional investors include entities that are…View ↗
We sell high-performance crypto asset mining machines and outdoor computing infrastructure containers to our customers. Sale of equipment…View ↗
We provide bitcoin mining machine hosting service based on cloud-computing, including hosting, logistics, and maintenance service to our…View ↗
Mining Pool ServiceView ↗
Do Revenues Turn Into Profits?
No. It lost $6.5M in FY2025.
20-F for FY2025, filed Apr 30, 2026
How Are They Changing?
Shrinking. Revenue fell 73% in 4 years, from $17M in FY2021 to $4.5M in FY2025, about 28% a year.
Broader computing and energy offerings
The older report centers on bitcoin mining and heating solutions; the latest describes AI cloud services and containers for GPU servers, alongside small modular nuclear products.
20-F for FY2022, filed Apr 19, 2023 20-F for FY2025, filed Apr 30, 2026
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