Tara Kizer contrasts asynchronous database mirroring with asynchronous Availability Groups:
ASYNCHRONOUS DATABASE MIRRORING
For asynchronous Database Mirroring, all we need is two servers: the principal at the primary site and the secondary at the DR site. Setup async mirroring between the two, and you’re done. If the secondary server goes down, production still continues. The transaction log isn’t clearing when the log backups occur because the principal still needs to send those log records to the secondary. As long as you have enough disk space where the transaction log resides to support this until the secondary server comes back online, production still continues. Of course if you run out of disk space, users will start receiving errors. But that can take some time and often times is enough time to get the secondary back online.
Availability Groups are more difficult to implement than database mirroring, but the flipside is that they’re much more powerful.