The9 Ltd's Comment on Sales, Marketing and Customers
The company operates in the digital asset custody and Bitcoin mining sectors. It stores digital assets using self-custody methods and reputable custodians, with Bitcoin held on the blockchain. Bitcoin transfers are conducted through online trading platforms utilizing designated laptops and multi-signature wallets. For Bitcoin mining, the company collaborates with a mining site operator in Kyrgyzstan. It also employs hot wallets on cryptocurrency exchanges such as Binance, which uses multi-signature mechanisms and additional security measures for transfers. The company conducts breakeven analyses for its Bitcoin mining activities based on hosting fees, machine depreciation, and mining pool fees, referencing public Bitcoin reward data from sources including Binance's website. Customers and markets identified in company filings include Binance.
The9 Ltd’s Comment on Sales, Marketing and Customers
The company operates in the digital asset custody and Bitcoin mining sectors. It stores digital assets using self-custody methods and reputable custodians, with Bitcoin held on the blockchain. Bitcoin transfers are conducted through online trading platforms utilizing designated laptops and multi-signature wallets. For Bitcoin mining, the company collaborates with a mining site operator in Kyrgyzstan. It also employs hot wallets on cryptocurrency exchanges such as Binance, which uses multi-signature mechanisms and additional security measures for transfers. The company conducts breakeven analyses for its Bitcoin mining activities based on hosting fees, machine depreciation, and mining pool fees, referencing public Bitcoin reward data from sources including Binance's website. Customers and markets identified in company filings include Binance.
Sources:
The9 Ltd’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: The9 Ltd’s corporate clients.
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