The9 Buys Data Center in Kyrgyzstan to Host 7,500 Antminers

• The information center, acquired by The9's wholly-owned subsidiary NBTC Limited and Kyrgyzstan steadfast SolarCoin LLC., volition beryllium be powered by 31.5 megawatts (MW) and volition lend 675 petahash/second of computing power, the property merchandise said.

• The steadfast expects improvement to decorativeness successful July and energy to outgo $0.05 per kilowatt hour, according to the property release.

• Under the agreement, The9 volition get ownership of 31.5 MW of transformers, on with their supporting low-voltage equipment, plant, web equipment, and the close to usage the facility's high-voltage instrumentality and land.

• The9 has seen its shares plummet successful the past six months, on with different crypto mining stocks. NCTY shares traded connected the Nasdaq person mislaid astir 90% of their value, plunging from $11.55 connected Nov. 11 to $1.48 astatine marketplace adjacent connected Tuesday.

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