Shanghai,China, March 19, 2021


The9 Limited (Nasdaq:NCTY) ("The9"), an established Internet company, today announced that its wholly-ownedsubsidiary NBTC Limited signed a Bitcoin mining machine purchase agreement (the"Purchase Agreement") with Bitmain TechnologiesLimited. Pursuantto the Purchase Agreement, The9 will purchase 24,000 Antminer S19j Bitcoinmining machines, which are scheduled to deliver starting from November 2021.


S19j is the latest model of Bitmain Antminer launched in February 2021,with a rated hash rate of 90TH/s, a rated power consumption of 3,100W and anestimated power consumption of 34.5J/T. Upon the completion of deliveries underthe Purchase Agreement, The9 is expected to own an additional hash rate of approximately2,160PH/S, which is a significant milestone of The9's hash rate buildup goal.


AboutThe9 Limited

The9Limited (The9) is an Internet company based in China listed on Nasdaq in 2004.The9 aims to become a diversified high-tech Internet company.


Forfurther information, please contact:

Ms.Connie Sun

InvestorRelations Specialist

The9Limited

Tel: +86-21-6108-6080

Email:IR@corp.the9.com

Website:https://www.the9.com/en

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The9 Limited published this content on 19 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 March 2021 10:11:02 UTC.