SAIHEAT Limited logo

SAIHEAT Limited(SAIH)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL RECENCY
1-STAR RATING
Consider higher Upturn Star rating
BUY for 53 days
PROFIT SINCE LAST BUY
+140% ▲
LAST CLOSE
$30
09/24/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for SAIH

09/24/2026: SAIH (1-star) has a low Upturn Star Rating. Not recommended to BUY.

SAIHEAT Limited is a Singapore-based operator at the intersection of high-performance computing and energy infrastructure. The company distinguishes itself with proprietary liquid-cooling technology and waste-heat recovery systems that aim to make data centers more energy-efficient. Its primary growth opportunity lies in its recent expansion into AI inference services and sustainable nuclear-powered computing solutions. However, the company faces significant risks, including operational volatility, historical net losses, and heavy reliance on the cyclical cryptocurrency market. This stock may suit investors with a high risk tolerance who are interested in emerging green-computing trends, provided they can monitor the complex execution of the firm's new AI and SMR initiatives.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company offers exposure to high-growth AI and sustainable energy themes, though its path to sustained profitability remains unproven.
Momentum investorStrong fit while signal remains positiveThe stock often reacts significantly to news regarding its AI initiatives and waste-heat recovery patents.
Value investorWeak fitThe company's history of net losses and high development costs do not align with traditional value-based valuation metrics.
Dividend investorWeak fitThe company prioritizes aggressive reinvestment and does not offer dividends.
Low-risk investorWeak fitHigh volatility and operational risks make this stock unsuitable for conservative, low-risk portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock's exposure to volatile crypto and nascent AI markets leads to significant price fluctuations.
Valuation riskHighFuture growth is heavily priced into current valuations, leaving little margin for execution failures.
Competition risk (data center infrastructure)Medium / highLarge incumbents with greater capital resources could out-innovate or underprice SAIHEAT's cooling solutions.
Business qualityMediumThe business is in a transition phase, moving from hardware sales to a more integrated, service-oriented model.
Dividend incomeLow / noneInvestors should not expect income as the company is in a capital-intensive growth phase.
Execution riskHighThe successful integration of nuclear power and large-scale AI inference platforms involves significant technological and operational hurdles.

Price Behavior

Hockey-Stick Growth
PRICE PATH

Hockey-Stick Growth

The stock demonstrates a Hockey-Stick Growth price path pattern.

Highly Choppy
PRICE STABILITY

Highly Choppy

The stock has experienced frequent, large price swings that make its near-term movement less predictable.

Analysis of Past Performance

Type Stock
Historic Profit -10.41%
Avg. Invested days 21
Today’s Advisory Consider higher Upturn Star rating
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/24/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
SAIH receives a 2-star rating, supported by available scored pillars. The rating is constrained by weak unit economics, and soft analyst coverage.

Company Fundamentals

★★★★★
SAIH has moderate overall fundamentals (3 stars), with soft financial health, soft growth momentum, and moderate ownership. In FY2025 versus FY2024, growth and ownership metrics are mixed: negative earnings growth (-9.7%), soft cash generation (FCF margin -168.4%), negative revenue growth (-18.4%).

Financial Health Rating

★★★★★
SAIH's financial health is supported by solid liquidity, including working-capital and asset support (WC/assets 50.0%). Profitability is weak (1 stars), which helps explain the 2-star overall score.

Growth Momentum Score

★★★★★
SAIH's growth profile is soft, with the least-weak measure being earnings growth at -9.7% FY2025 versus FY2024. By comparison, while revenue growth (-18.4%, negative) and free-cash-flow growth (-21.5%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 0.1% and approximately 91.2% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 9.54% supports management-shareholder alignment.

Top 5 Institutional Investors

UBS Group AG 0.02%
Morgan Stanley - Brokerage Accounts 0.00%

Unit Economics (Per $1K Revenue)

★★★★★
SAIH generates approximately $-519 of gross profit, $-1,165 of operating income, and $-1,684 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: 0.00%

Quantitative Style Profile

★★★★★
SAIH has a liquid profile. Valuation that is moderately attractive rather than deeply discounted is the primary drawback, while elevated volatility.

Style Classification

Quality Focused

Momentum LeaderHigh VolatilitySmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 55.12M USD
Price to earnings Ratio -
1Y Target Price -
Price to earnings Ratio -
1Y Target Price -
Volume (30-day avg) 20.1K shares
Beta 1.74
52 Weeks Range 5.90 - 30.30
Updated Date 09/25/2026
52 Weeks Range 5.90 - 30.30
Updated Date 09/25/2026
Dividends yield (FY) -
Basic EPS (TTM) -3.55

How Company Makes Money

Business areaWhat it includesRetail investor read
Computing ServicesBitcoin mining, hosting, and AI inference service fees.The company earns money by running and hosting computing hardware for crypto and AI models.
Equipment Sales & Thermal SolutionsSales of HEATWIT cooling cabinets and WITBOX infrastructure.The company sells specialized hardware that cools computers and captures wasted heat.
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Valuation

Trailing PE -
Forward PE -
Enterprise Value 58.59M
Price to Sales(TTM) 12.19
Enterprise Value 58.59M
Price to Sales(TTM) 12.19
Enterprise Value to Revenue 12.96
Enterprise Value to EBITDA -1.62
Shares Outstanding 1.20M
Shares Floating 1.09M
Shares Outstanding 1.20M
Shares Floating 1.09M
Percent Insiders 9.54
Percent Institutions 0.08

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About SAIHEAT Limited

Exchange NASDAQ
Headquarters -
IPO Launch date 2021-06-28
CEO, Acting CFO & Executive Chairman Mr. Jianwei Li
Sector Technology
Industry Information Technology Services
Full time employees 16
Full time employees 16

SAIHEAT Limited engages in the development of liquid cooling technologies for cryptocurrency assets. It provides SAIHUB CAB, an indoor cabinet that turns traditional air-cooled bitcoin mining machines into liquid-cooled bitcoin mining machines; ULTIWIT System, a series of outdoor infrastructure products; and advanced computing center ecosystem, a suite of liquid-cooling system that enable carbon-negative data center operations by repurposing waste computing heat. The company also offers mobile and resilient outdoor computing infrastructure units comprising WITBOX product line, including TANKBOX, RACKBOX, and HYDROBOX; HEATBOX, a product line that regulates, supplies, and controls recovered computing heat generated from computing servers; and USERBOX, a design and product that supports computing heat recovery applications. In addition, it provides bitcoin mining machine hosting and mining pool services; and engages in cryptocurrency mining operations comprising Bitcoins. The company was formerly known as SAI.TECH Global Corporation and changed its name to SAIHEAT Limited in August 2024. SAIHEAT Limited was founded in 2019 and is based in Singapore.