The 9th City, a US-listed company, announced that it has signed a memorandum of understanding to purchase Bitcoin mining machines and will issue new shares to purchase 26,000 mining machines.

According to BlockBeats, the US-listed company The9 (hereinafter referred to as "The9") announced on January 25 that it had signed a legally binding memorandum of understanding (MOU) with five mining machine owners. The9 will purchase digital currency mining machines by issuing new shares. After completing the transaction, The9 will own 26,007 Bitcoin mining machines with a total computing power of approximately 549PH/S, accounting for approximately 0.36% of the total computing power of the Bitcoin network. These mining machines have been deployed in Xinjiang, Sichuan, Gansu and other places in China. According to the memorandum, The9 will sell a certain number of The9 shares to each mining machine owner; in exchange, the mining machine owner agrees to transfer the equivalent value of Bitcoin mining machines and related rights to The9. The9 will designate its subsidiaries, including NBTC Limited, to receive all rights and interests in these mining machines. The9 previously reported that The9 cooperated with Kong Jianping, the former co-chairman of Canaan, and established a wholly-owned subsidiary, NBTC Limited, to carry out digital currency-related businesses.