The9 LTD
Business
The9 LTD operates cryptocurrency mining activities and, through contractual arrangements with a variable interest entity and joint ventures, publishes and operates online games. It provides computing power to Bitcoin mining pools and hosts mining equipment, and historically operated an NFT community platform (now discontinued). Its key business divisions include cryptocurrency mining operations, game publishing and operations (through consolidated VIE and joint ventures), and strategic investments in technology companies. The company deploys miners and distributes games across China, North America, Central Asia and through third-party mining pools, hosting partners and digital marketplaces.
Summary from filing dated 2025-04-28
Financials
Latest annual snapshot (FY2025, period end 2025-12-31). Full statement history unavailable for this entity.
| Revenue | $15.43M |
| Net income | $-58.47M |
| Total assets | $84.90M |
| Total liabilities | $50.22M |
| Stockholders' equity | $27.30M |
| Operating cash flow | $-4.54M |