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The9's Subsidiary Inks Purchase Agreement for 5,000 Bitcoin Mining Machines

· 02/05/2021 02:36

07:32 AM EST, 02/05/2021 (MT Newswires) -- The9 (NCTY) said early Friday that its wholly owned subsidiary, NBTC, signed a purchase agreement with Shenzhen MicroBT Electronics Technology, the manufacturer of WhatsMiner bitcoin mining machines.

The order for the first batch of the purchase, 440 M32 machines, has been executed, according to a statement.

As part of the deal, NBTC has the "right of first offer" to purchase 5,000 machines within one year and the flexibility to select from different model types.

NCTY shares jumped by 8.1% in recent pre-market activity.

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