The9 Signed Legally Binding Memorandums of Understanding on the Additional Purchase of Bitcoin Mining Machines
SHANGHAI, Feb. 8, 2021 /PRNewswire/ -- The9 Limited (Nasdaq: NCTY) ("The9"), an established Internet company, today announced that it signed six legally binding Memorandums of Understanding (collectively the "MOUs") with six unrelated Bitcoin mining machine owners to purchase Bitcoin mining machines by the issuance of Class A ordinary shares.
- SHANGHAI, Feb. 8, 2021 /PRNewswire/ -- The9 Limited (Nasdaq: NCTY) ("The9"), an established Internet company, today announced that it signed six legally binding Memorandums of Understanding (collectively the "MOUs") with six unrelated Bitcoin mining machine owners to purchase Bitcoin mining machines by the issuance of Class A ordinary shares.
- These Bitcoin mining machines have already been deployed in Qinghai, Xinjiang and Inner Mongolia in China.
- In Addition, in early February 2021, NBTC Limited, a wholly owned subsidiary of The9, had signed a strategic cooperation framework purchase agreement with Shenzhen MicroBT Electronics Technology Co., Ltd., the manufacturer of WhatsMiner bitcoin mining machines for the purchase of 5,000 WhatsMiner bitcoin mining machines within one year.
- NBTC Limited will continue to purchase different types of cryptocurrencies mining machines with the plan to establish cryptocurrencies mining machine facilities worldwide.