SAIHEAT Ltd
Business
SAIHEAT Limited is a computing and energy operator providing bitcoin mining services and liquid-cooled computing infrastructure products. The company offers a computing division with bitcoin joint computing power and AI cloud computing services, and an energy division providing liquid-cooled computing centers and small modular reactor technology. SAIHEAT operates globally with a focus on waste heat recovery from computing operations to supply heating to agricultural, commercial, residential and industrial applications, leveraging proprietary liquid cooling technology.
Summary from 20-F filed 2026-04-30
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2021 2021-12-31 |
|---|---|---|
| Formation and operating costs | 2 | |
| Loss from operations | −2 | |
| Interest earned on investment held in Trust Account | 1,969 | |
| Loss before income taxes | −2 | |
| Net loss | −2 | |
| Basic and diluted weighted average shares outstanding, Class A ordinary shares subject to possible redemption | 1 | |
| Diluted weighted average Class A ordinary shares outstanding (in shares) | 1 | |
| Basic and diluted net loss per share, Class A ordinary shares subject to possible redemption | −1.46 | |
| Diluted net (loss) per Class A ordinary share (per share) | −1.46 |
Consolidated Balance Sheet
| Concept | Trend | FY 2021 2021-12-31 | FY 2021 2021-01-31 |
|---|---|---|---|
| Cash | 28,079 | — | |
| Prepaid expenses | 74,078 | — | |
| Total Current Assets | 102,157 | — | |
| Investments held in Trust Account | 45 | — | |
| Total Assets | 45 | — | |
| Accounts payable and accrued expenses | 1 | — | |
| Related party loans | 130,000 | — | |
| Total Current Liabilities | 2 | — | |
| Deferred underwriters' marketing fees | 2 | — | |
| Total Liabilities | 3 | — | |
| Commitments and Contingencies | — | — | |
| Ordinary shares subject to possible redemption, 4,488,986 shares at conversion value of $10.00 per share | 45 | — | |
| Preference shares, $0.0001 par value, 1,000,000 shares authorized, none issued and outstanding | — | — | |
| Additional paid-in capital | 0 | — | |
| Accumulated deficit | −3 | — | |
| Total Shareholders' Deficit | −3 | 0 | |
| Total Liabilities, Temporary Equity and Shareholders' Deficit | 45 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2021 2021-12-31 |
|---|---|---|
| Net loss | −2 | |
| Interest earned on investment held in Trust Account | −1,969 | |
| Prepaid expenses | −74,078 | |
| Accounts payable and accrued expenses | 1 | |
| Net Cash Used in Operating Activities | −822,874 | |
| Purchase of investment held in Trust Account | −45 | |
| Net Cash Used in Investing Activities | −45 | |
| Proceeds from sale of units through public offering | 40 | |
| Proceeds from sale of over-allotment units | 5 | |
| Payment of underwriters' discount | −897,797 | |
| Payment of offering costs | −624,050 | |
| Proceeds from sale of private placement shares | 2 | |
| Proceeds from issuance of promissory note to related party | 220,000 | |
| Repayment of promissory note to related party | −225,000 | |
| Proceeds from related party loans | 158,000 | |
| Repayment of related party loans | −28,000 | |
| Net Cash Provided by Financing Activities | 46 | |
| Net Change in Cash | 28,079 | |
| Offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares | 25,000 | |
| Offering costs paid by promissory note - related party | 5,000 | |
| Accrued deferred offering costs | 282,320 | |
| Deferred underwriting compensation | 2 | |
| Change in value of Class A ordinary shares subject to possible redemption | 44 | |
| Allocation of offering costs to ordinary shares subject to redemption | 3 | |
| Accretion of carrying value to redemption value | 5 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is SAIHEAT Ltd's CIK number?
SAIHEAT Ltd's SEC CIK number is 0001847075 (1847075). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find SAIHEAT Ltd's SEC filings?
All of SAIHEAT Ltd's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.