AirNet stock nearly doubles after investing in Kazakhstan Bitcoin mining project

From Stocktwits: 2025-03-18 01:08:21

AirNet Technology, Inc. announced plans to invest in a 130-megawatt liquid-cooled Bitcoin mining project in Kazakhstan. This move caused their stock to jump almost 100%. The project includes a 70 MW national grid facility and a 60 MW natural gas self-generation facility. The company aims to reduce operating costs significantly with this technology. The terms of the investment are still being finalized, and the LOI is non-binding. Last May, AirNet purchased cryptocurrency mining machines for $24.5 million. Retail chatter on Stocktwits surged 23,600%, with mixed sentiment on the stock. AirNet’s stock saw a 235% gain YTD, but dropped over 26% in after-hours trading on Monday.



Read more at Stocktwits: Microcap AirNet Stock Nearly Doubles On Kazakhstan Bitcoin Mining Deal, Retail Buzz Explodes