During the first week of April, the publicly-listed gaming and internet company The9 Limited revealed its intentions to purchase 2,000 Avalonminers from the manufacturer Canaan. On Monday, The9 announced it has signed a hosting agreement with the Russian-based firm Bitriver as the company will leverage 15 megawatts (MW) of Bitriver’s capacity for two years.
The9 Teams Up With the Bitcoin Mining Operation Bitriver
The9 Limited (Nasdaq: NCTY) has explained its plans to collaborate with the bitcoin mining company from Moscow, Bitriver. As part of the agreement, both parties can extend the two-year agreement for 15 MW for each additional year thereafter. “At present, the targeted data-center for The9’s mining machines has an initial total power supply capacity of 300 MW, which could be extended up to 500 MW,” the announcement details.
The9’s deal with Bitriver follows the company’s acquisition of 2,000 bitcoin mining rigs from Canaan, which gave the company 0.1 exahash per second (EH/s) of hashpower. The legally