The9: Gains on Filecoin mining machine purchase deal

The9

30/03/2021 10:27

** U.S.-listed shares of Chinese gaming co  NCTY.O  rise
5.56% to $38.32 in premarket trade
    ** Co signs a Filecoin mining machine purchase and hosting
agreement amounting to ~$2 million with a Filecoin mining
service provider  urn:newsml:reuters.com:*:nPn522gNQa
    ** Last month, co signed a $10 mln framework agreement with
another Filecoin mining machine vendor
    ** When the two deals are fully implemented, co is expected
to have a total of more than 80 Pebibytes of storage mining
power in the Filecoin network 
    ** Filecoin is an open source, distributed storage and
digital payment system
    ** Last week, co inked a second purchase agreement with
WhatsMiner bitcoin mining machines maker Shenzhen MicroBT
Electronics Technology Co  urn:newsml:reuters.com:*:nL4N2LK2ES
    ** Up to last close, stock up ~925% YTD 

 (Reporting by Rithika Krishna in Bengaluru)
 ((Rithika.Krishna@thomsonreuters.com;))