SHANGHAI, Feb. 26, 2021 /PRNewswire/ — The9 Restricted (Nasdaq: NCTY) (“The9”), a longtime Web firm, at present introduced the appointment of Cai Zhifang because the Chief Govt Officer of NBTC Restricted (hereinafter known as “NBTC”), a wholly-owned subsidiary of The9, to steer the event of blockchain and cryptocurrency enterprise in NBTC. Mr. Cai has been on board.
Mr. Cai is an early pioneer within the blockchain business. In 2013, Mr. Cai co-founded YiBit Digital Know-how Firm Restricted, one of many earliest built-in platforms in blockchain business in China. In 2015, Mr. Cai served as the final supervisor of WeiTui Know-how Restricted Firm, which self-operated Bitcoin mining by the acquisition of AvalonMiners from Canaan. The height hash price managed by Mr. Cai at the moment accounted for practically 4% of the worldwide hash price of Bitcoin. Afterwards Mr. Cai established a strategic partnership with Canaan, liable for aiding its clients in establishing, working and sustaining AvalonMiners. At the moment Mr. Cai managed and operated greater than 300,000 AvalonMiners, with an accumulative hash price exceeding 5,000 PH/S, accounted for practically 5% of the worldwide hash price of Bitcoin at the moment.
After becoming a member of the NBTC group, Mr. Cai will probably be liable for main the enlargement of NBTC blockchain and cryptocurrency enterprise, making full use of his business expertise and assets to formulate and execute NBTC’s enterprise technique, and to implement the cooperation between NBTC and worldwide cryptocurrency ecosystem companions with the purpose to speed up the institution of The9’s international management within the cryptocurrency business.
In January this yr, The9 introduced the institution of the wholly-owned subsidiary NBTC to interact in blockchain and cryptocurrency associated companies. Instantly inside two months, Bitcoin and Filecoin mining machines had been acquired as step one to construct The9’s cryptocurrencies mining enterprise.
About The9 Restricted
The9 Restricted (The9) is an Web firm primarily based in China listed on Nasdaq in 2004. The9 goals to change into a diversified high-tech Web firm.
Web site: https://www.the9.com/en
SOURCE The9 Restricted