Rises on agreements to purchase bitcoin mining machines

The9

09/03/2021 12:41

** U.S.-listed shares of Chinese gaming co  NCTY.O  up 15.2%
at $44.40 premarket
    ** Stock on track to snap three-day losing streak
    ** NCTY signs MoUs with three unrelated bitcoin mining
machine owners to purchase bitcoin mining machines  urn:newsml:reuters.com:*:nPnbMCVqPa
    ** Co will issue about 5.9 mln Class A ordinary shares to
sellers based on co's share price of $38.51
    ** Up to Monday's close, stock had risen more than five-fold
in last 12 months

 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))