AirNet Technology Soars 13.54% on Digital Asset Funding

On August 29, 2025, AirNet Technology's stock surged by 13.54% in pre-market trading, marking a significant rise that has caught the attention of investors and analysts alike.

AirNet Technology Inc. recently completed a registered direct offering, raising approximately US$180 million. This funding was entirely paid in digital assets, including 819.07 BTC and 19,928.91 ETH, highlighting the company's strategic shift towards digital currencies.

In addition to its successful fundraising, AirNet Technology has announced a non-binding investment letter of intent with LLP STH Corp. This partnership aims to develop a 130MW liquid-cooled Bitcoin mining farm in Kazakhstan, further solidifying AirNet's position in the cryptocurrency mining sector.

These developments have positioned AirNet Technology as a key player in the digital asset and cryptocurrency mining industries, with its strategic moves likely to drive future growth and innovation.