The9 Ltd
NCTY
About: The9 Ltd operates a cryptocurrency mining business. It provides computing power, or hash rate, to a Bitcoin mining pool and is entitled to receive a fractional share of Bitcoin award from the Bitcoin mining pool in return. The company generates its revenues from customers in Greater China, Asia/Eastern Europe, and North America. Its segments are: Crypto mining business, and Other, out of which Crypto mining business derives maximum revenue.
Employees: 50
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
200% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 2
1.85% more ownership
Funds ownership: 0.01% [Q1] → 1.86% (+1.85%) [Q2]
7% less funds holding
Funds holding: 14 [Q1] → 13 (-1) [Q2]
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
50% less capital invested
Capital invested by funds: $4.12M [Q1] → $2.06M (-$2.06M) [Q2]
Financial journalist opinion
