The9 Limited announced that it has signed a cryptocurrency mining hosting agreement with Russian company BitRiver through its wholly-owned subsidiary NBTC Limited. According to the agreement between the two parties, BitRiver will reserve 15MW of electric capacity for The9's Bitcoin mining machine deployment. The initial term of the agreement is 2 years. After the expiration, both parties have the right to automatically extend their cooperation for an additional one year, unless either party decides not to do so. The9 will continue to actively seek for low-cost electricity and sustainable energy mining facilities in different regions of the world to accelerate the deployment of large-scale cryptocurrency mining machines for The9 and other partners by both self-construction of mining facilities and hosting cooperation with mining facilities companies.