The9 signs crypto mining deal with BitRiver, shares fall

The9

12/07/2021 15:56

** Shares of Chinese game developer The9 Ltd  NCTY.O  down
2.9% at $11.22
    ** Co signed a cryptocurrency mining hosting agreement with
Russia's BitRiver through its wholly owned subsidiary NBTC
Limited
    ** BitRiver will reserve 15MW of electric capacity for
The9's Bitcoin mining machine deployment for an initial term of
2 years  urn:newsml:reuters.com:*:nPn22Hnn7a
    ** BitRiver is a Moscow-based data center operator that
provides hosting services for crypto mining 
    ** Shares up ~226% YTD

 (Reporting by Sohini Podder in Bengaluru)
 ((sohini.podder@thomsonreuters.com))