SHANGHAI, Feb. 26, 2021 /PRNewswire/ — The9 Restricted (Nasdaq: NCTY) (“The9”), a longtime Web firm, right this moment 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 guide the event of blockchain and cryptocurrency enterprise in NBTC. Mr. Cai has been on board.
Mr. Cai is an early pioneer within the blockchain trade. In 2013, Mr. Cai co-founded YiBit Digital Expertise Firm Restricted, one of many earliest built-in platforms in blockchain trade in China. In 2015, Mr. Cai served as the overall supervisor of WeiTui Expertise Restricted Firm, which self-operated Bitcoin mining by the acquisition of AvalonMiners from Canaan. The height hash charge managed by Mr. Cai at the moment accounted for almost 4% of the worldwide hash charge of Bitcoin. Afterwards Mr. Cai established a strategic partnership with Canaan, accountable for aiding its prospects in establishing, working and sustaining AvalonMiners. At the moment Mr. Cai managed and operated greater than 300,000 AvalonMiners, with an accumulative hash charge exceeding 5,000 PH/S, accounted for almost 5% of the worldwide hash charge of Bitcoin at the moment.
After becoming a member of the NBTC staff, Mr. Cai will probably be accountable for main the growth of NBTC blockchain and cryptocurrency enterprise, making full use of his trade expertise and sources to formulate and execute NBTC’s enterprise technique, and to implement the cooperation between NBTC and worldwide cryptocurrency ecosystem companions with the objective to speed up the institution of The9’s international management within the cryptocurrency trade.
In January this yr, The9 introduced the institution of the wholly-owned subsidiary NBTC to have interaction 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 based mostly in China listed on Nasdaq in 2004. The9 goals to develop into a diversified high-tech Web firm.
Web site: https://www.the9.com/en
SOURCE The9 Restricted