The9 Limited (Nasdaq: NCTY) ("The9"), an established Internet company, today announced that it signed five legally binding Memorandum of Understanding (collectively the "MOUs") with five Bitcoin mining machine owners to purchase Bitcoin mining machines by the issuance of Class A ordinary shares. After the completion of the transaction, The9 is expected to own 26,007 Bitcoin mining machines, with a total hash rate of approximately 549PH/S, accounting for about 0.36% of the global hash rate of Bitcoin. Majority of these mining machines have already been deployed in Xinjiang, Sichuan and Gansu in China.Original article
The9 Signed Legally Binding Memorandum of Understanding on the Purchase of Bitcoin Mining Machines
The9 Limited (Nasdaq: NCTY) ("The9"), an established Internet company, at the moment offered that it signed 5 legally binding Memorandum of Understanding (jointly the "MOUs") with 5 Bitcoin mining gadget house owners to shop for Bitcoin mining machines through the issuance of Class A atypical stocks. After the crowning glory of the transaction, The9 is expected to non-public 26,007 Bitcoin mining machines, with an entire hash fee of kind of 549PH/S, accounting for approximately 0.36% of the international hash fee of Bitcoin. Majority of the ones mining machines have already been deployed in Xinjiang, Sichuan and Gansu in China.