Airnet Technology Completes $180 Million Registered Direct Offering

Airnet Technology has completed a US$180 million registered direct offering, a China-based investment holding company primarily engaged in cryptocurrency mining and media network segments. The company primarily operates in the domestic market and focuses on expanding its computing powers and selling advertising time slots. The offering will help the company support its growth and expansion plans.

AirNet Technology Inc. (Nasdaq: ANTE), a China-based investment holding company primarily engaged in cryptocurrency mining and media network segments, has completed a US$180 million registered direct offering. The company announced the completion of this offering on August 28, 2025 [1].

The proceeds from the offering were paid entirely in digital assets, consisting of approximately 819.07 Bitcoin and 19,928.91 Ethereum, before the deduction of offering expenses. This strategic move aligns AirNet's treasury directly with its future and positions the company to be an active and intelligent participant across the entire digital asset landscape [1].

The completion of this financing marks a pivotal new beginning for AirNet. The company has engaged a team of seasoned cryptocurrency professionals to advise on a sophisticated, multi-faceted strategy designed to maximize shareholder value. "This strategic capital gives us immense flexibility," said Dan Shao, CEO of AirNet. "Guided by our new team of experts, we are positioned to be an active and intelligent participant across the entire digital asset landscape" [1].

The offering will help AirNet support its growth and expansion plans, particularly in the digital asset ecosystem. The company's focus on cryptocurrency mining and media network segments makes this strategic move a significant step forward in its corporate transformation.

References:
[1] https://www.nasdaq.com/press-release/airnet-technology-inc-completes-us-1800-million-registered-direct-offering-2025-08-28