The9 Shares Pop On Cryptocurrency Mining Joint Venture

Internet company The9 Ltd (NASDAQ:NCTY) subsidiary NBTC Limited and Kazakhstan’s LGHSTR Ltd inked a non-binding investment memorandum to establish a joint venture…
  • Internet company The9 Ltd (NASDAQ:NCTY) subsidiary NBTC Limited and Kazakhstan’s LGHSTR Ltd inked a non-binding investment memorandum to establish a joint venture in Kazakhstan. 
  • NBTC will own a 51% stake in the joint venture, with LGHSTR accounting for the remaining 49%. NBTC will control the joint venture board.
  • The joint venture aims to invest and build cryptocurrency mining sites with a total capacity of 200MW within two years. 
  • The joint venture will also carry out the operation and maintenance of cryptocurrency mining machines in Kazakhstan. 
  • Price Action: NCTY shares traded higher by 5.51% at $13.60 in the premarket session on the last check Friday.
Total
0
Shares
Related Posts
Read More

How A Lions Win Over Packers Could Net A Huge Payout From This $25 BetMGM Wager

A popular sports betting wager is a parlay where a user can place a wager on multiple outcomes all happening. The strategy creates a high risk, high reward situation in most cases with all “legs” of the parlay having to hit for the wager to pay out. The second week of the NFL season could have a massive parlay payout if the Detroit Lions win Monday night.

AUS