Miners need to expend a lot of energy in order to validate transactions and create new blocks.BTC) blockchain. AccordingStatistica estimates that one Bitcoin transaction uses as much electricity per VISA transaction as more than 1,000,000 VISA transactions. Furthermore, cryptocurrency has a higher environmental footprint if its energy comes from fossil fuels.

SAITech, an Eurasia-based Bitcoin mining company with its headquarters in Singapore seeks out to recover the mining energy for industrial and residential uses. A $228 million investment is underway by the company. Special purpose acquisition companySPAC merger with TradeUP Global Corp to allow its stock listing on the NASDAQ. Arthur Lee, CEO at SAITech discussed heat capture technology and energy usage of mining equipment in an exclusive interview. He also spoke about what lies ahead following the SPAC merger.