- SAIHEAT (SAIH, Financial) has been covered by uSMART Securities with a Buy rating and a price target of $25.87.
- Projected revenue growth from $5.45 million in 2024E to $28.15 million in 2026E.
- Innovative liquid cooling technology with 97% thermal efficiency supports AI and BTC mining operations.
SAIHEAT Limited (NASDAQ: SAIH) has received its first formal equity research coverage from uSMART Securities, which initiated a Buy rating and set a price target at $25.87. This target represents a significant premium of nearly 500% over its current share price of $4.4, indicating a bullish outlook based on the company's projected rapid revenue growth and path to profitability.
SAIHEAT operates as a computing and energy infrastructure provider, focusing on bitcoin (BTC) and AI computing services enhanced by its proprietary liquid cooling and modular nuclear power solutions. Its primary facilities include BTC mining operations in Marietta, USA (106 PH/s), and La Pachuca, Mexico (44 PH/s).
The company's innovative dual product lines cater to AI data centers and BTC mining, featuring a proprietary liquid cooling technology that achieves 97% thermal efficiency. Financial projections show a promising revenue trajectory, with estimates of $5.45 million for 2024E, $10.62 million for 2025E, and $28.15 million for 2026E. The company expects to achieve a positive EBITDA of $1.85 million by 2026E, following anticipated negative EBITDA of -$4.67 million in 2024E and -$0.19 million in 2025E.
SAIHEAT's strategy includes leveraging its advanced cooling technology and rapid deployment capability to capitalize on the growing demand for AI computing infrastructure, positioning itself for significant expansion in the data center industry. With its strong technological base and aggressive growth plans, SAIHEAT aims to establish a competitive edge in the high-growth sectors of AI and clean energy.
