Core Viewpoint - AirNet Technology Inc. has signed a non-binding Investment Letter of Intent with LLP STH Corp to invest in a 130MW liquid-cooled Bitcoin mining farm project in Kazakhstan [1][4] Group 1: Project Details - The project includes 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 [2] - The implementation of liquid-cooling technology is expected to improve technical performance, significantly reduce operational costs, and maximize energy efficiency [2] Group 2: Company Background - LLP STH Corp specializes in advanced liquid-cooled Bitcoin mining solutions and data center facility management, securing reliable power sources through strategic partnerships with local natural gas suppliers [3] - The company’s approach allows for high operating efficiency while minimizing downtime and maintenance costs [3] Group 3: Investment Intentions - AirNet aims to conduct full legal and business due diligence on LLP STH Corp before finalizing any agreements [4] - The investment is part of AirNet's strategic expansion into blockchain technology applications and the data center sector [4]
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