Benzinga | Mar 22, 2021 05:35AM EDT

The9 Announced its Subsidiary Implementated the Framework Agreement to Purchase the Second Batch of WhatsMiner Bitcoin Mining Machines, Increasing the Hash Rate by 40PH/S

The9 Limited (NASDAQ:NCTY) today announced that its wholly owned subsidiary NiuLian Technology (ShaoXing) Co., Ltd. has signed the second purchase agreement with Shenzhen MicroBT Electronics Technology Co., Ltd. ("MicroBT"), the manufacturer of WhatsMiner bitcoin mining machines, under the framework agreement previously signed. This second batch of purchase consists of 482 WhatsMiner M31S+ machines.

The hash rate of each of these WhatsMiner M31S+ machines is approximately 80-86TH/s, with the power consumption of approximately 38-42W/T. These WhatsMiner M31S+ machines had been delivered and The9's Bitcoin hash rate will be increased by approximately 40 PH/s.

The9 and MicroBT signed a strategic cooperation framework agreement in February this year. The9 will purchase a total of 5,000 WhatsMiner bitcoin mining machines from MicroBT within one year. This second batch of WhatsMiner bitcoin mining machines further increased The9's Bitcoin hash rate.