The9 Signed a Strategic Cooperation Framework Purchase Agreement on the Purchase of Bitcoin Mining Machines
The9 Limited (Nasdaq: NCTY) has signed a strategic cooperation framework purchase agreement with Shenzhen MicroBT Electronics Technology. This agreement provides The9's subsidiary, NBTC Limited, the right of first offer to buy 5,000 WhatsMiner bitcoin mining machines within a year. The initial order includes 440 WhatsMiner M32 machines. The9 also plans to acquire other cryptocurrency mining machines shortly, signaling its commitment to expanding its operations in the crypto market.
- Strategic agreement allows purchase of 5,000 WhatsMiner bitcoin mining machines.
- Initial order of 440 WhatsMiner M32 machines executed.
- Plans to purchase additional types of cryptocurrency mining machines, signaling growth potential.
- None.
SHANGHAI, Feb. 5, 2021 /PRNewswire/ -- The9 Limited (Nasdaq: NCTY) ("The9"), an established Internet company, today announced that its wholly owned subsidiary NBTC Limited signed a strategic cooperation framework purchase agreement (the "Agreement") with Shenzhen MicroBT Electronics Technology Co., Ltd. ("MicroBT"), the manufacturer of WhatsMiner bitcoin mining machines. Pursuant to the Agreement, upon the payment of a deposit, NBTC Limited has the right of first offer to purchase of 5,000 WhatsMiner bitcoin mining machines from MicroBT within one year, including but not limited to models M32 and M31S. Today the first batch of purchase, 440 WhatsMiner M32 machines, under the Agreement has been executed. Other than WhatsMiner bitcoin mining machines, The9 also plans to continue purchasing different types of cryptocurrency mining machines in the near future.
About The9 Limited
The9 Limited (The9) is an Internet company based in China listed on Nasdaq in 2004. The9 aims to become a diversified high-tech Internet company.
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SOURCE The9 Limited
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