BEIJING, May 31, 2024
/PRNewswire/ -- AirNet Technology Inc., formerly known as AirMedia
Group Inc. ("AirNet" or the "Company") (Nasdaq: ANTE), today
announced that the Company entered into a sales and purchase
agreement with an unaffiliated third party for the purchase of
6,218 units of Bitcoin Miner S21 on May 30, 2024. The aggregate purchase price for
these miners is approximately RMB177.2 million.
In view of the broad prospects of the global
cryptocurrency field, especially the bull market
performance of the Bitcoin market, the Company plans
to invest in encrypted assets to lay out in advance in order to
capture the market opportunities. The transaction is subject
to the completion of the requisite corporate and other approvals
and customary closing conditions. There can be no assurance that
the transaction will be consummated in a timely manner, or at all.
To the extent that the transaction is consummated, there is no
guarantee when these miners will be in operation to generate
economic returns, or at all. The shareholders are cautioned not to
place undue reliance on this announcement.
Forward-Looking Statements
This announcement contains forward-looking statements within the
meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking
statements can be identified by terminology such as "will,"
"expects," "is expected to," "anticipates," "aim," "future,"
"intends," "plans," "believes," "are likely to," "estimates,"
"may," "should" and similar expressions. The Company may also make
written or oral forward-looking statements in its reports filed
with, or furnished to, the U.S. Securities and Exchange Commission,
in its annual reports to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Forward-looking statements
are based upon management's current expectations and current market
and operating conditions, and involve inherent risks and
uncertainties, all of which are difficult to predict and many of
which are beyond the Company's control, which may cause its actual
results, performance or achievements to differ materially from
those in the forward-looking statements. Further information is
included in the Company's filings with the U.S. Securities and
Exchange Commission. All information provided in this announcement
is as of the date of this announcement, and the Company does not
undertake any obligation to update any forward-looking statement as
a result of new information, future events or otherwise, except as
required under law.
Contact
Penny Pei
Investor
Relations
AirNet Technology
Inc.
Tel:
+86-10-8460-8678
Email:
penny@ihangmei.com
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SOURCE AirNet Technology Inc.