AirNet Technology has continued its commitment to mining cryptocurrencies with an investment agreement with Northern Shore Group Ltd.
Weeks after announcing a similar agreement with UniStar Group Holdings, AirNet is ceding 19 % of the Company’s currently outstanding shares, to Northern Shore, in exchange for the delivery and transfer from Northern Shore to the Company of either 401 A10 Pro or 1,200 588/580-8 computer servers specifically designed for mining cryptocurrencies.
Herman Guo, Chairman and CEO of the Company, commented: “Upon completion of our previous issuance of new shares, our initial attempt in mining of cryptocurrencies has seen a great success and drawn a great attention from new investors, which further amplify the Company’s determination to expand its operation in mining of cryptocurrencies. The Company further determines to direct its available resources to extend its knowledge base in cryptocurrencies and to ensure a continuous success in its operations to mine cryptocurrencies.”
