AirNet Technology is investing in Bitcoin mining in Kazakhstan

AirNet Technology Inc. has signed a memorandum of understanding with the Kazakh company TTO STH Corp, planning to invest in a 130 MW Bitcoin mining farm. As part of the project, two facilities are planned to be built: one with a capacity of 70 MW connected to the national power grid, and another with a capacity of 60 MW operating on natural gas. Both facilities will use liquid cooling technology to improve efficiency and reduce costs.

TTO STH Corp is considered a leader in liquid cooling mining and data center management. The company has partnership agreements with local natural gas suppliers, ensuring reliable power supply at competitive rates.

The memorandum does not have binding legal force, and further steps will depend on detailed legal and commercial due diligence of the project. AirNet Technology views this project as a strategic expansion of its capabilities in blockchain technology and data centers.

Source: nasdaq