Brief: The9 Signed Legally Binding Memorandum Of Understanding On The Purchase Of Bitcoin Mining Machines

The9

25/01/2021 12:41

Jan 25 (Reuters) - The9 Ltd  NCTY.O :
    * THE9 SIGNED LEGALLY BINDING MEMORANDUM OF UNDERSTANDING ON
THE
PURCHASE OF BITCOIN MINING MACHINES
    * THE9 LTD - AFTER TRANSACTION, CO EXPECTED TO OWN 26,007
BITCOIN
MINING MACHINES, WITH A TOTAL HASH RATE OF APPROXIMATELY 549PH/S
    * THE9 LTD - SIGNED MOUS WITH FIVE BITCOIN MINING MACHINE
OWNERS
TO PURCHASE BITCOIN MINING MACHINES BY ISSUANCE OF CLASS A
ORDINARY SHARES
    * THE9 LTD - ALSO SIGNED DEFINITIVE COOPERATION ,INVESTMENT
AGREEMENT WITH JIANPING KONG, FORMER DIRECTOR OF CANAAN INC
    * THE9 LTD - KONG WILL ASSIST CO FOR ITS DEVELOPMENT OF
CRYPTOCURRENCIES MINING BUSINESS

Source text for Eikon:  ID:nPn61l1VXa 
Further company coverage:  NCTY.O 

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