SHANGHAI, Might 11, 2022 /PRNewswire/ — The9 Restricted (Nasdaq: NCTY) (“The9”), a longtime Web firm, at the moment introduced that its wholly-owned subsidiary NBTC Restricted and Kyrgyzstan enterprise SolarCoin LLC (hereinafter known as “SolarCoin”) have signed a Buy Settlement (the “Settlement”) concerning a block chain computing heart in Kyrgyzstan, pursuant to which The9 will get hold of 31.5MW electrical energy capability for the deployment of its 7,500 Antminer S19J Bitcoin mining machines contributing roughly 675PH/s hash energy. The events are trying ahead to finish the development work and have the computing heart powered on across the finish of July 2022. The anticipated electrical energy price of the computing heart is US$0.05/kWh.
Based on the Settlement, The9 will purchase the possession of transformers with a capability of 31.5 MW together with the supporting low voltage tools, plant and its inside supporting amenities (excessive voltage excluded), community tools in addition to the best to make use of the excessive voltage tools and land in perpetuity.
About The9 Restricted
The9 Restricted (The9) is an Web firm based mostly in China listed on Nasdaq in 2004. The9 goals to turn into a diversified high-tech Web firm, and is engaged in blockchain enterprise together with the operation of cryptocurrency mining and Metaverse superstar social platform NFTSTAR.
Protected Harbor Assertion
This announcement accommodates forward-looking statements. These statements are made below the “secure harbor” provisions of the USA Non-public Securities Litigation Reform Act of 1995. These forward-looking statements may be recognized by terminology reminiscent of “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and comparable statements. Such statements are based mostly upon administration’s present expectations and present market and working circumstances and relate to occasions that contain recognized or unknown dangers, uncertainties and different elements, all of that are troublesome to foretell and plenty of of that are past The9’s management. The9 might also make written or oral forward-looking statements in its periodic experiences to the SEC, in its annual report back to shareholders, in press releases and different written supplies and in oral statements made by its officers, administrators or staff to 3rd events. Statements that aren’t historic info, together with statements about The9’s beliefs and expectations, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. A variety of elements might trigger precise outcomes to vary materially from these contained in any forward-looking assertion, together with however not restricted to the next: The9’s objective and methods; The9’s enlargement plans; The9’s future enterprise growth, monetary situation and outcomes of operations; The9’s expectations concerning demand for, and market acceptance of, its services and products; The9’s expectations concerning maintaining and strengthening its relationships with enterprise companions it collaborates with; basic financial and enterprise circumstances; and assumptions underlying or associated to any of the foregoing. Additional info concerning these and different dangers is included in The9’s filings with the SEC. All info supplied on this press launch and within the attachments is as of the date of this press launch, and The9 doesn’t undertake any obligation to replace any forward-looking assertion, besides as required below relevant regulation.
SOURCE The9 Restricted