AirNet Announces Entry into Non-Biding Investment Letter of Intent with LLP STH Corp to Develop a 130MW Liquid-cooled Bitcoin Mining Farm in Kazakhstan
AirNet Technology (Nasdaq: ANTE) has announced signing a non-binding Investment Letter of Intent (LOI) with Kazakhstan-based LLP STH Corp to develop a 130MW liquid-cooled Bitcoin mining farm in Kazakhstan. The project encompasses:
- A 70MW national grid-powered facility
- A 60MW natural gas self-generation facility
The planned facilities will utilize liquid-cooling technology to enhance operational efficiency and extend equipment lifespan. LLP STH Corp specializes in advanced liquid-cooled Bitcoin mining solutions and data center management, with strategic partnerships securing reliable power sources at competitive rates.
The LOI is non-binding, with terms, structure, and timing yet to be agreed upon. AirNet plans to conduct full legal and business due diligence of LLP STH Corp. This investment aligns with AirNet's strategic expansion in blockchain technology applications and the data center sector.
AirNet Technology (Nasdaq: ANTE) ha annunciato di aver firmato una lettera di intenti di investimento non vincolante (LOI) con la LLP STH Corp, con sede in Kazakistan, per sviluppare una fattoria di mining di Bitcoin raffreddata a liquido da 130MW in Kazakistan. Il progetto comprende:
- Una struttura alimentata dalla rete nazionale da 70MW
- Una struttura di auto-generazione di gas naturale da 60MW
Le strutture pianificate utilizzeranno tecnologia di raffreddamento a liquido per migliorare l'efficienza operativa e prolungare la vita utile delle attrezzature. La LLP STH Corp è specializzata in soluzioni avanzate di mining di Bitcoin raffreddate a liquido e nella gestione di data center, con partnership strategiche che garantiscono fonti di energia affidabili a tariffe competitive.
La LOI è non vincolante, con termini, struttura e tempistiche ancora da concordare. AirNet prevede di condurre una completa due diligence legale e commerciale della LLP STH Corp. Questo investimento si allinea con l'espansione strategica di AirNet nelle applicazioni della tecnologia blockchain e nel settore dei data center.
AirNet Technology (Nasdaq: ANTE) ha anunciado la firma de una carta de intención de inversión no vinculante (LOI) con la LLP STH Corp, con sede en Kazajistán, para desarrollar una granja de minería de Bitcoin refrigerada por líquido de 130MW en Kazajistán. El proyecto incluye:
- Una instalación alimentada por la red nacional de 70MW
- Una instalación de auto-generación de gas natural de 60MW
Las instalaciones planificadas utilizarán tecnología de refrigeración por líquido para mejorar la eficiencia operativa y prolongar la vida útil del equipo. La LLP STH Corp se especializa en soluciones avanzadas de minería de Bitcoin refrigeradas por líquido y gestión de centros de datos, con asociaciones estratégicas que aseguran fuentes de energía confiables a tarifas competitivas.
La LOI es no vinculante, con términos, estructura y cronograma aún por acordar. AirNet planea llevar a cabo una debida diligencia legal y comercial completa de la LLP STH Corp. Esta inversión se alinea con la expansión estratégica de AirNet en aplicaciones de tecnología blockchain y en el sector de centros de datos.
AirNet Technology (Nasdaq: ANTE)는 카자흐스탄에 본사를 둔 LLP STH Corp와 함께 카자흐스탄에 130MW 액체 냉각 비트코인 채굴 농장을 개발하기 위한 비구속 투자 의향서(LOI)를 체결했다고 발표했습니다. 이 프로젝트는 다음을 포함합니다:
- 70MW 국가 전력망 시설
- 60MW 자연가스 자가 발전 시설
계획된 시설은 액체 냉각 기술을 활용하여 운영 효율성을 높이고 장비의 수명을 연장할 것입니다. LLP STH Corp는 고급 액체 냉각 비트코인 채굴 솔루션 및 데이터 센터 관리 전문 기업으로, 전략적 파트너십을 통해 경쟁력 있는 요금으로 신뢰할 수 있는 전력 공급원을 확보하고 있습니다.
LOI는 비구속적이며, 조건, 구조 및 일정은 아직 합의되지 않았습니다. AirNet는 LLP STH Corp에 대한 종합적인 법적 및 사업적 실사를 수행할 계획입니다. 이 투자는 블록체인 기술 응용 프로그램 및 데이터 센터 분야에서 AirNet의 전략적 확장과 일치합니다.
AirNet Technology (Nasdaq: ANTE) a annoncé la signature d'une lettre d'intention d'investissement non contraignante (LOI) avec la LLP STH Corp, basée au Kazakhstan, pour développer une ferme de minage de Bitcoin refroidie par liquide de 130MW au Kazakhstan. Le projet comprend :
- Une installation alimentée par le réseau national de 70MW
- Une installation d'auto-génération de gaz naturel de 60MW
Les installations prévues utiliseront la technologie de refroidissement par liquide pour améliorer l'efficacité opérationnelle et prolonger la durée de vie des équipements. La LLP STH Corp est spécialisée dans les solutions avancées de minage de Bitcoin refroidies par liquide et la gestion de centres de données, avec des partenariats stratégiques garantissant des sources d'énergie fiables à des tarifs compétitifs.
La LOI est non contraignante, avec des termes, une structure et un calendrier encore à convenir. AirNet prévoit de réaliser une diligence raisonnable juridique et commerciale complète de la LLP STH Corp. Cet investissement s'inscrit dans l'expansion stratégique d'AirNet dans les applications de technologie blockchain et le secteur des centres de données.
AirNet Technology (Nasdaq: ANTE) hat die Unterzeichnung eines nicht verbindlichen Investitionsschreibens (LOI) mit der in Kasachstan ansässigen LLP STH Corp angekündigt, um eine 130MW flüssigkeitsgekühlte Bitcoin-Mining-Farm in Kasachstan zu entwickeln. Das Projekt umfasst:
- Eine 70MW an das nationale Stromnetz angeschlossene Einrichtung
- Eine 60MW Erdgas-Selbstversorgungsanlage
Die geplanten Einrichtungen werden Flüssigkeitskühltechnologie nutzen, um die Betriebseffizienz zu steigern und die Lebensdauer der Ausrüstung zu verlängern. Die LLP STH Corp ist auf fortschrittliche flüssigkeitsgekühlte Bitcoin-Mining-Lösungen und das Management von Rechenzentren spezialisiert und hat strategische Partnerschaften, die zuverlässige Energiequellen zu wettbewerbsfähigen Preisen sichern.
Das LOI ist nicht verbindlich, und die Bedingungen, Struktur und Zeitrahmen sind noch zu vereinbaren. AirNet plant, eine umfassende rechtliche und geschäftliche Due Diligence der LLP STH Corp durchzuführen. Diese Investition steht im Einklang mit der strategischen Expansion von AirNet im Bereich der Blockchain-Technologieanwendungen und im Rechenzentrumssektor.
- Strategic entry into Bitcoin mining sector with significant 130MW capacity
- Cost-efficient operations through natural gas self-generation facility (60MW)
- Advanced liquid-cooling technology implementation for improved efficiency
- Access to competitive power rates through local partnerships
- Non-binding LOI with no guaranteed completion
- Terms, structure, and timing still undefined
- Significant capital investment required for project completion
- Regulatory risks in Kazakhstan's cryptocurrency sector
BEIJING, March 17, 2025 (GLOBE NEWSWIRE) -- AirNet Technology Inc. ("AirNet" or the "Company") (Nasdaq: ANTE), today announced the execution of a non-binding Investment Letter of Intent (the “LOI”) with LLP STH Corp, a Kazakstan company. This LOI creates the initial step of planned investment in the 130MW liquid-cooled Bitcoin mining farm project in Kazakhstan.
The planned project involves the investment in and construction of a 70MW national grid-powered facility and a 60MW natural gas self-generation facility, both utilizing liquid-cooling technology to enhance operational efficiency and extend equipment lifespan. This project is expected to not only result in technical improvement? but also significantly reduces operational costs and maximizes energy efficiency.
LLP STH Corp, based in Kazakhstan, is believed to excels in advanced liquid-cooled Bitcoin mining solutions and data center facility management. Through strategic partnerships with local natural gas suppliers, the company is able to secure reliable power sources at competitive rates, enabling consistently high operating efficiency. By adopting cutting-edge liquid-cooling technology, LLP STH Corp maximizes hardware performance while minimizing downtime and maintenance costs.
The parties are yet to agree on terms, structure and timing of the investment. The LOI is non-binding and the parties are not obligated to any transaction. AirNet aims to conduct full legal and business due diligence of LLP STH Corp.
AirNet aims to utilize this investment to further its strategic expansion in blockchain technology applications and the data center sector.
Forward-Looking Statement
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantee of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; the occurrence of any event, change or other circumstances that could give rise to the terms of the LOI not hereafter being memorialized in a definitive agreement; the outcome of any legal proceedings that have been, or will be, instituted against the Company or other parties to the LOI following announcement of the LOI and transactions contemplated therein; the inability to complete the transactions contemplated by the LOI due to the failure to meet certain closing conditions; risks that the proposed transaction disrupts current plans and operations and the potential difficulties in employee retention as a result of the announcement of the LOI and consummation of the transaction described therein; costs related to the LOI; changes in applicable laws or regulations; as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission by the Company. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof unless required by applicable laws, regulations or rules.
Company Contact
Penny Pei
Investor Relations
AirNet Technology Inc.
Tel: +86-10-8460-8678
Email: penny@ihangmei.com
FAQ
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