Volato Group Inc (AMEX:SOAR) shares are soaring Tuesday after the company unveiled a patent-pending Bitcoin mining method that involves aircraft.
What Happened: Volato announced that it’s developing patent-pending technology to allow aircraft to generate revenue by repurposing underutilized resources for crypto mining.
The company’s system operates using excess electricity generated during normal flight operations and is designed to dynamically scale up and utilize additional onboard electricity when spoiled capacity occurs. The new technology allows operators to turn inefficiencies into Bitcoin assets through mining.
Volato highlighted its specialty mining hardware, which is optimized to achieve peak performance at high altitudes. The company said the system delivers superior efficiency compared to ground-based mining setups because it operates in cool, energy-rich aircraft environments.
“Our technology secures a future where aircraft don’t just move people or goods—they actively create value through advanced computing,” said Matt Liotta, CEO of Volato.
“As Bitcoin adoption continues to accelerate, this innovation ensures that aviation can participate in its evolution while leveraging its unique operating environment.”
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How To Buy SOAR Stock
By now you're likely curious about how to participate in the market for Volato Group – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. In the case of Volato Group, which is trading at $0.36 as of publishing time, $100 would buy you 277.78 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
SOAR Price Action: Volato Group shares were up 52.3% at 34 cents at the time of publication, according to Benzinga Pro.
Photo: Shutterstock.
